Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.014%

Price spread now: ApeX Omni against Paradex−0.122%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. ApeX Omni is 0.122% cheaper against Paradex than usual: you would sell low and buy high (spread −0.122% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 9.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NG-USD-PERP	3.0037	0.0055	pay 0.0055% / 8h	7h 25m	$5K	—	5x
Short	ApeX Omni NATGASUSDT	3.0000	0.0100	get 0.0013% / 1h	25m 06s	$37K	$216K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.122%Rate

Funding earned: $9.38
Price spread: −0.122% → 0.000%: −$12.18
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$16.8
Costs to cover: 0.140%
Break-even: 19.5 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 46 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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 46 min ago	16.69 bp	61.7 bp −$62	272.2 bp −$2,722	doesn't fit	doesn't fit

Paradex: 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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8391	−5.479%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0052	+0.051%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0015%	1h	3.0030	−0.022%	$659K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0032	−0.015%	$617K	$414K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0018	−0.063%	$112K	$452K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	−0.022%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0021	−0.052%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0046	+0.031%	$84K	$26K	10x	as long as short
Paradex NG-USD-PERPlong	+0.0055%	8h	3.0037	long leg	$5K	—	5x
Aster NATGASUSDT	+0.0078%	4h	3.0030	−0.022%	$266K	$73K	50x	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	3.0010	−0.089%	$68K	$33K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	3.0020	−0.055%	$1.0M	$1.1M	20x	as long as short
ApeX Omni NATGASUSDTshort	+0.0100%	1h	3.0000	−0.122%	$37K	$216K	50x
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.122%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0040	+0.011%	$1.5M	$95K	10x	as long as short
Variational Omni NATGAS	+0.0154%	4h	3.0030	−0.022%	$312K	$443K	—	as long as short
Hotstuff NATGAS-PERP	+0.0160%	1h	3.0022	−0.049%	$35K	—	20x	as long as short
OKX NG-USDT-SWAP	+0.0216%	8h	3.0020	−0.055%	$863K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0222%	8h	2.9990	−0.155%	$80K	$189K	20x	as long as short
HTX NATGAS-USDT	+0.0222%	4h	3.0059	+0.075%	$98K	$211K	75x	as long as short
Binance NATGASUSDT	+0.0245%	4h	3.0040	+0.011%	$10.1M	$29.5M	100x	as long as short
edgeX NATGASUSDC	+0.0255%	4h	3.0020	−0.054%	$85K	$211K	20x	as long as short
Bitget NATGASUSDT	+0.0322%	4h	3.0000	−0.122%	$10.0M	$3.5M	100x	as long as short
GRVT NATGAS_USDT_Perp	+0.0364%	4h	3.0020	−0.055%	$25K	$214K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0409% / S −0.0345%	1h	3.0045	+0.028%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0496%	8h	3.0050	+0.045%	$1.5M	$255K	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1000%	1h	3.0046	+0.032%	$52K	$36K	20x	as long as short