Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.022%

Price spread now: edgeX against GMX−0.013%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NATGAS/USD [ETH-USDC]	2.9935	L +0.0405% / S −0.0333%	pay 0.0051% / 1h	44m 34s	$93K	—	45x
Short	edgeX NATGASUSDC	2.9931	0.0434	get 0.0217% / 4h	44m 34s	$85K	$212K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against GMX. 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

Position, each leg$Hold fordaysFee GMXbpFee edgeXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $5.97
Price spread: −0.013% → 0.000%: −$1.27
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$16.3
Costs to cover: 0.210%
Break-even: 26.1 days

Slippage unknown: GMX: no order-book sample; edgeX: live order book, 32 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 32 min ago	13.37 bp	21.1 bp −$21	28.3 bp −$283	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NATGAS on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	0.0000%	1h	2.9925	−0.033%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8279	−5.532%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9951	+0.053%	$2K	$2.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	2.9947	+0.040%	$98K	$214K	75x	as long as short
QFEX NATGAS-USD	+0.0030%	1h	2.9920	−0.050%	$657K	$86K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9941	+0.020%	$619K	$416K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9930	−0.017%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9925	−0.033%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9922	−0.043%	$84K	$43K	10x	as long as short
Paradex NG-USD-PERP	+0.0080%	8h	2.9931	−0.013%	$5K	—	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	2.9930	−0.017%	$68K	$33K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	2.9920	−0.050%	$1.0M	$1.2M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.117%	$36K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.117%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9940	+0.017%	$1.5M	$98K	10x	as long as short
GRVT NATGAS_USDT_Perp	+0.0130%	4h	2.9928	−0.023%	$13K	$238K	25x	as long as short
Extended XNG-USD	+0.0168%	1h	2.9918	−0.056%	$110K	$471K	5x	as long as short
Gate NG_USDT	+0.0198%	8h	2.9960	+0.084%	$1.5M	$284K	100x	as long as short
OKX NG-USDT-SWAP	+0.0219%	8h	2.9930	−0.017%	$856K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0246%	8h	2.9930	−0.017%	$80K	$189K	20x	as long as short
Aster NATGASUSDT	+0.0269%	4h	2.9942	+0.024%	$265K	$105K	50x	as long as short
Variational Omni NATGAS	+0.0298%	4h	2.9931	−0.012%	$311K	$443K	—	as long as short
Binance NATGASUSDT	+0.0372%	4h	2.9930	−0.017%	$10.1M	$30.3M	100x	as long as short
GMX NATGAS/USD [ETH-USDC]long	L +0.0405% / S −0.0333%	1h	2.9935	long leg	$93K	—	45x
edgeX NATGASUSDCshort	+0.0434%	4h	2.9931	−0.013%	$85K	$212K	20x
Bitget NATGASUSDT	+0.0488%	4h	2.9900	−0.117%	$10.0M	$3.9M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1218%	1h	2.9945	+0.033%	$52K	$39K	20x	as long as short