Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0748%/8h= +81.9% APRpaid last 24h +0.213%

Price spread now: Bitget against Paradex−0.045%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 Bitget

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. Bitget is 0.045% cheaper against Paradex than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NG-USD-PERP	3.0033	0.0050	pay 0.0050% / 8h	4h 47m	$5K	—	5x
Short	Bitget NATGASUSDT	3.0020	0.0798	get 0.0399% / 4h	47m 22s	$10.0M	$2.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.045%Rate

Funding earned: $157
Price spread: −0.045% → 0.000%: −$4.46
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: $136.53
Costs to cover: 0.160%
Break-even: 0.9 days

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.67 bp	12.3 bp −$12	22.8 bp −$228	64.2 bp −$6,416	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 exchanges

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
Hotstuff NATGAS-PERP	−0.1600%	1h	2.9965	−0.228%	$36K	$599	20x	as long as short
GRVT NATGAS_USDT_Perp	0.0000%	4h	3.0029	−0.016%	$14K	$194K	25x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8426	−5.352%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0042	+0.029%	$2K	$1.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	3.0045	+0.039%	$118K	$220K	75x	as long as short
QFEX NATGAS-USD	+0.0003%	1h	3.0030	−0.011%	$595K	$101K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0030	−0.011%	$647K	$704K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0026	−0.024%	$123K	$369K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0040	+0.022%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0043	+0.032%	$6.0M	$4.9M	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NG-USD-PERPlong	+0.0050%	8h	3.0033	long leg	$5K	—	5x
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9942	−0.304%	$84K	$28K	10x	as long as short
Aster NATGASUSDT	+0.0089%	4h	3.0054	+0.067%	$259K	$74K	50x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0012	−0.071%	$68K	$39K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	3.0030	−0.011%	$1.1M	$749K	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.111%	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.111%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	−0.045%	$1.5M	$95K	10x	as long as short
Variational Omni NATGAS	+0.0183%	4h	2.9957	−0.254%	$355K	$419K	—	as long as short
Binance NATGASUSDT	+0.0239%	4h	3.0064	+0.101%	$10.0M	$32.8M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0240%	1h	3.0033	0.000%	$53K	$48K	20x	as long as short
edgeX NATGASUSDC	+0.0261%	4h	3.0013	−0.067%	$85K	$212K	20x	as long as short
Gate NG_USDT	+0.0327%	8h	3.0070	+0.122%	$1.5M	$158K	100x	as long as short
BloFin NG-USDT	+0.0348%	8h	3.0020	−0.045%	$80K	$202K	20x	as long as short
OKX NG-USDT-SWAP	+0.0356%	8h	3.0050	+0.055%	$841K	$2.0M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0403% / S −0.0375%	1h	3.0065	+0.105%	$88K	—	45x	as long as short
Bitget NATGASUSDTshort	+0.0798%	4h	3.0020	−0.045%	$10.0M	$2.7M	100x