Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0332%/8h= +36.3% APRpaid last 24h +0.069%

Price spread now: Aster against Paradex−0.044%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 Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.044% cheaper against Paradex than usual: you would sell low and buy high (spread −0.044% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NG-USD-PERP	3.0063	0.0071	pay 0.0071% / 8h	2h 30m	$5K	—	5x
Short	Aster NATGASUSDT	3.0050	0.0403	get 0.0202% / 4h	2h 30m	$264K	$74K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.044%Rate

Funding earned: $69.68
Price spread: −0.044% → 0.000%: −$4.45
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: $53.24
Costs to cover: 0.120%
Break-even: 1.7 days

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 16 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 Aster live order book, 16 min ago	4.99 bp	15.3 bp −$15	15.6 bp −$156	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 26 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
SunX NATGAS-USDT	0.0000%	4h	3.0062	−0.003%	$2K	$2.4M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0050	−0.043%	$629K	$504K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0043	−0.065%	$110K	$334K	5x	as long as short
QFEX NATGAS-USD	+0.0033%	1h	3.0040	−0.076%	$659K	$96K	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0050	−0.043%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0079	+0.054%	$83K	$26K	10x	as long as short
Paradex NG-USD-PERPlong	+0.0071%	8h	3.0063	long leg	$5K	—	5x
tradeXYZ xyz:NATGAS	+0.0084%	1h	3.0046	−0.056%	$6.0M	$5.6M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0035	−0.093%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.209%	$37K	$219K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.209%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0040	−0.076%	$1.5M	$93K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0136%	1h	3.0057	−0.020%	$35K	—	20x	as long as short
HTX NATGAS-USDT	+0.0249%	4h	3.0064	+0.004%	$107K	$213K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0264%	4h	3.0040	−0.076%	$13K	$212K	25x	as long as short
KuCoin NATGASUSDTM	+0.0368%	4h	3.0040	−0.076%	$1.0M	$962K	20x	as long as short
Aster NATGASUSDTshort	+0.0403%	4h	3.0050	−0.044%	$264K	$74K	50x
GMX NATGAS/USD [ETH-USDC]	L +0.0519% / S −0.0465%	1h	3.0045	−0.060%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0588%	8h	3.0080	+0.057%	$1.5M	$193K	100x	as long as short
Variational Omni NATGAS	+0.0606%	4h	3.0050	−0.042%	$317K	$434K	—	as long as short
Binance NATGASUSDT	+0.0633%	4h	3.0047	−0.053%	$10.3M	$28.3M	100x	as long as short
edgeX NATGASUSDC	+0.0647%	4h	3.0051	−0.039%	$85K	$213K	20x	as long as short
OKX NG-USDT-SWAP	+0.0659%	8h	3.0050	−0.043%	$867K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0673%	8h	3.0040	−0.076%	$82K	$195K	20x	as long as short
Bitget NATGASUSDT	+0.1018%	4h	3.0020	−0.143%	$9.9M	$3.2M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1181%	1h	3.0065	+0.007%	$56K	$35K	20x	as long as short