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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: SunX against Orderly+0.003%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_NATGAS_USDC_mythos3.00000.0100pay 0.0100% / 8h7h 48m$3K$54410x
ShortSunX NATGAS-USDT3.00010get 0.0000% / 4h3h 48m$2K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Orderly. 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
−$21
Price spread: +0.003% → 0.000%
$0.33
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee SunX: 4 bp × 2 orders
−$8
Net
−$34.67
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; SunX: live order book, 8 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 Orderly no order-book sample
Sell SunX live order book, 8 min ago15.00 bp27.7 bp −$28doesn't fitdoesn't fitdoesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP−0.0008%1h2.9970−0.100%$35K20xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8335−5.550%as long as short
SunX NATGAS-USDTshort0.0000%4h3.0001+0.003%$2K$2.6M20x
QFEX NATGAS-USD+0.0015%1h2.9970−0.100%$658K$85K20xas long as short
Extended XNG-USD+0.0032%1h2.9962−0.127%$110K$451K5xas long as short
Lighter NATGAS+0.0040%1h2.9990−0.033%$616K$412K10xas long as short
Aster NATGASUSDT+0.0041%4h2.9960−0.133%$265K$73K50xas long as short
Vest NG-PERP+0.0046%1h2.9980−0.067%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9968−0.107%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0001+0.003%$84K$36K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0059%8h2.9988−0.039%$5K5xas long as short
Variational Omni NATGAS+0.0074%4h2.9980−0.065%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9975−0.083%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9960−0.133%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.333%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythoslong+0.0100%8h3.0000long leg$3K$54410x
Phemex NGUSDT+0.0100%4h2.9980−0.067%$1.5M$95K10xas long as short
BloFin NG-USDT+0.0127%8h2.9980−0.067%$80K$189K20xas long as short
OKX NG-USDT-SWAP+0.0159%8h2.9970−0.100%$857K$1.7M50xas long as short
edgeX NATGASUSDC+0.0179%4h2.9978−0.073%$85K$212K20xas long as short
Binance NATGASUSDT+0.0190%4h2.9980−0.067%$10.1M$29.6M100xas long as short
Bitget NATGASUSDT+0.0226%4h2.9960−0.133%$10.0M$3.5M100xas long as short
HTX NATGAS-USDT+0.0234%4h3.0004+0.013%$98K$211K75xas long as short
GRVT NATGAS_USDT_Perp+0.0296%4h2.9972−0.092%$25K$214K25xas long as short
Gate NG_USDT+0.0402%8h2.9990−0.033%$1.5M$254K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9985−0.050%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1002%1h2.9990−0.034%$52K$39K20xas long as short