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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.021%
Price spread now: SunX against Ondo Perps+0.050%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.232%−$23 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
The price spread pays, funding is against you. SunX is 0.050% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.232% in total) that is about 36 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps NATGAS-USD.P3.00470.0050pay 0.0006% / 1h18m 13s$82K$26K10x
ShortSunX NATGAS-USDT3.00620get 0.0000% / 4h3h 18m$2K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Ondo Perps. 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
−$10.58
Price spread: +0.050% → 0.000%
$4.99
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$18.59
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell SunX live order book, 9 min ago500.06 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Ondo Perps: 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 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
SunX NATGAS-USDTshort0.0000%4h3.0062+0.050%$2K$2.4M20x
QFEX NATGAS-USD+0.0009%1h3.0030−0.057%$669K$96K20xas long as short
Hotstuff NATGAS-PERP+0.0024%1h3.0016−0.103%$35K20xas long as short
Lighter NATGAS+0.0032%1h3.0031−0.053%$628K$502K10xas long as short
Vest NG-PERP+0.0046%1h3.0030−0.057%$14K10xas long as short
Ondo Perps NATGAS-USD.Plong+0.0050%1h3.0047long leg$82K$26K10x
Paradex NG-USD-PERP+0.0077%8h3.0066+0.062%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0089%1h3.0030−0.057%$6.0M$5.6M10xas long as short
Pacifica NATGAS+0.0100%1h3.0021−0.087%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.176%$37K$218K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.156%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0040−0.023%$1.5M$93K10xas long as short
Extended XNG-USD+0.0168%1h3.0022−0.083%$110K$365K5xas long as short
KuCoin NATGASUSDTM+0.0364%4h3.0020−0.090%$1.0M$990K20xas long as short
Aster NATGASUSDT+0.0409%4h3.0056+0.031%$264K$74K50xas long as short
GRVT NATGAS_USDT_Perp+0.0460%4h3.0020−0.090%$13K$223K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0485% / S −0.0428%1h3.0045−0.007%$92K45xas long as short
HTX NATGAS-USDT+0.0532%4h3.0061+0.047%$107K$211K75xas long as short
Gate NG_USDT+0.0549%8h3.0070+0.077%$1.5M$193K100xas long as short
OKX NG-USDT-SWAP+0.0590%8h3.0030−0.057%$866K$1.7M50xas long as short
BloFin NG-USDT+0.0600%8h3.0020−0.090%$81K$194K20xas long as short
Variational Omni NATGAS+0.0612%4h3.0030−0.057%$317K$439Kas long as short
edgeX NATGASUSDC+0.0639%4h3.0030−0.057%$85K$213K20xas long as short
Binance NATGASUSDT+0.0640%4h3.0046−0.003%$10.3M$28.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.0855%1h3.0054+0.023%$56K$35K20xas long as short
Bitget NATGASUSDT+0.1010%4h3.0010−0.123%$9.9M$3.2M100xas long as short