Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0336%/8h= +36.8% APRpaid last 24h +0.115%

Price spread now: edgeX against Paradex−0.027%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.027% cheaper against Paradex than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 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	3.0045	0.0051	pay 0.0051% / 8h	5m 10s	$5K	—	5x
Short	edgeX NATGASUSDC	3.0037	0.0387	get 0.0193% / 4h	5m 10s	$85K	$212K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $70.53
Price spread: −0.027% → 0.000%: −$2.66
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $54.88
Costs to cover: 0.130%
Break-even: 1.6 days

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 32 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 edgeX live order book, 32 min ago	13.31 bp	21.1 bp −$21	29.3 bp −$293	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	2.8394	−5.494%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0052	+0.024%	$2K	$2.4M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	3.0049	+0.014%	$119K	$221K	75x	as long as short
QFEX NATGAS-USD	+0.0004%	1h	3.0030	−0.049%	$659K	$96K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0037	−0.026%	$631K	$495K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0027	−0.060%	$109K	$271K	5x	as long as short
GRVT NATGAS_USDT_Perp	+0.0042%	4h	3.0020	−0.082%	$18K	$229K	25x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	−0.049%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0020	−0.082%	$6.0M	$5.3M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0015	−0.099%	$82K	$26K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NG-USD-PERPlong	+0.0051%	8h	3.0045	long leg	$5K	—	5x
Hotstuff NATGAS-PERP	+0.0096%	1h	3.0034	−0.036%	$35K	—	20x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0014	−0.102%	$69K	$32K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.184%	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.149%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	−0.049%	$1.5M	$90K	10x	as long as short
KuCoin NATGASUSDTM	+0.0140%	4h	3.0020	−0.082%	$1.0M	$864K	20x	as long as short
Aster NATGASUSDT	+0.0147%	4h	3.0040	−0.016%	$264K	$69K	50x	as long as short
Variational Omni NATGAS	+0.0339%	4h	3.0031	−0.046%	$318K	$390K	—	as long as short
Binance NATGASUSDT	+0.0362%	4h	3.0018	−0.087%	$10.4M	$28.6M	100x	as long as short
edgeX NATGASUSDCshort	+0.0387%	4h	3.0037	−0.027%	$85K	$212K	20x
BloFin NG-USDT	+0.0530%	8h	3.0010	−0.115%	$76K	$198K	20x	as long as short
OKX NG-USDT-SWAP	+0.0549%	8h	3.0010	−0.115%	$802K	$1.9M	50x	as long as short
Gate NG_USDT	+0.0569%	8h	3.0060	+0.051%	$1.5M	$197K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0585% / S −0.0599%	1h	3.0035	−0.032%	$88K	—	45x	as long as short
Bitget NATGASUSDT	+0.0826%	4h	3.0010	−0.115%	$9.9M	$3.0M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0861%	1h	3.0050	+0.018%	$56K	$35K	20x	as long as short