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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%
Price spread now: SunX against GRVT+0.073%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$660.657% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.134%−$13 on $10k
Price spread, last 3 days (all we have)+0.006%+$1 · spread now +0.073%, 7d avg +0.059%
Together, before fees−0.128%+ Points / potential airdropGRVT: Active · farm board−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT NATGAS_USDT_Perp2.99490get 0.0000% / 4h17m 14s$13K$238K25x
ShortSunX NATGAS-USDT2.99710get 0.0000% / 4h17m 14s$2K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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
$0
Price spread: +0.073% → +0.059%
$1.38
Slippage, 4 orders
−$48.67
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$64.3
Costs to cover
0.657%
Break-even
never at this rate
Slippage from GRVT: live order book, 60 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 GRVT live order book, 60 min ago1.67 bp9.0 bp −$920.5 bp −$205doesn'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_Perplong0.0000%4h2.9949long leg$13K$238K25x
SunX NATGAS-USDTshort0.0000%4h2.9971+0.073%$2K$2.6M20x
HTX NATGAS-USDT0.0000%4h2.9987+0.126%$98K$212K75xas long as short
Hotstuff NATGAS-PERP+0.0008%1h2.9948−0.004%$35K20xas long as short
QFEX NATGAS-USD+0.0030%1h2.9950+0.003%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.9964+0.050%$616K$419K10xas long as short
Vest NG-PERP+0.0046%1h2.9950+0.003%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9947−0.007%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9940−0.031%$84K$43K10xas long as short
Extended XNG-USD+0.0056%1h2.9938−0.037%$110K$453K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NATGASUSDT+0.0066%4h2.9960+0.036%$265K$73K50xas long as short
Paradex NG-USD-PERP+0.0066%8h2.9951+0.005%$5K5xas long as short
Pacifica NATGAS+0.0100%1h2.9948−0.004%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950+0.003%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.164%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.170%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9960+0.036%$1.5M$97K10xas long as short
Variational Omni NATGAS+0.0115%4h2.9951+0.006%$311K$443Kas long as short
OKX NG-USDT-SWAP+0.0133%8h2.9950+0.003%$856K$1.7M50xas long as short
BloFin NG-USDT+0.0168%8h2.9940−0.031%$80K$189K20xas long as short
Gate NG_USDT+0.0173%8h2.9980+0.103%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0192%4h2.9950+0.003%$10.1M$30.0M100xas long as short
edgeX NATGASUSDC+0.0230%4h2.9951+0.005%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0286%4h2.9930−0.064%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955+0.020%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9970+0.070%$52K$39K20xas long as short