Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.019%
Price spread now: SunX against Extended+0.110%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$550.548% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.226%−$23 on $10k
Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.110%, 7d avg +0.068%
Together, before fees−0.239%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.042% dearer against Extended than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.068%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD2.99380.0056pay 0.0007% / 1h16m 57s$110K$453K5x
ShortSunX NATGAS-USDT2.99710get 0.0000% / 4h16m 57s$2K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$11.76
Price spread: +0.110% → +0.068%
$4.25
Slippage, 4 orders
−$41.84
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$62.35
Costs to cover
0.548%
Break-even
never at this rate
Slippage from Extended: live order book, 61 min ago; SunX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 61 min ago0.67 bp4.2 bp −$48.1 bp −$81doesn't fitdoesn't fit
Sell SunX live order book, 10 min ago15.01 bp27.7 bp −$28doesn't fitdoesn't fitdoesn't fit

NATGAS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT NATGAS_USDT_Perp0.0000%4h2.9949+0.037%$13K$238K25xas long as short
SunX NATGAS-USDTshort0.0000%4h2.9971+0.110%$2K$2.6M20x
HTX NATGAS-USDT0.0000%4h2.9987+0.164%$98K$212K75xas long as short
Hotstuff NATGAS-PERP+0.0008%1h2.9948+0.033%$35K20xas long as short
QFEX NATGAS-USD+0.0030%1h2.9950+0.040%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9964+0.087%$616K$419K10xas long as short
Vest NG-PERP+0.0046%1h2.9950+0.040%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9947+0.030%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9940+0.007%$84K$43K10xas long as short
Extended XNG-USDlong+0.0056%1h2.9938long leg$110K$453K5x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NATGASUSDT+0.0066%4h2.9960+0.073%$265K$73K50xas long as short
Paradex NG-USD-PERP+0.0066%8h2.9951+0.042%$5K5xas long as short
Pacifica NATGAS+0.0100%1h2.9948+0.033%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950+0.040%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.127%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.207%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9960+0.073%$1.5M$97K10xas long as short
Variational Omni NATGAS+0.0115%4h2.9951+0.043%$311K$443Kas long as short
OKX NG-USDT-SWAP+0.0133%8h2.9960+0.073%$856K$1.7M50xas long as short
BloFin NG-USDT+0.0168%8h2.9940+0.007%$80K$189K20xas long as short
Gate NG_USDT+0.0173%8h2.9980+0.140%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0192%4h2.9950+0.040%$10.1M$30.0M100xas long as short
edgeX NATGASUSDC+0.0230%4h2.9951+0.042%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0286%4h2.9930−0.027%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955+0.057%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9970+0.107%$52K$39K20xas long as short