Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0386%/8h= +42.3% APRpaid last 24h +0.040%

Price spread now: GRVT against Paradex−0.058%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. GRVT is 0.058% cheaper against Paradex than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NG-USD-PERP	3.0038	0.0074	pay 0.0074% / 8h	3h 19m	$5K	—	5x
Short	GRVT NATGAS_USDT_Perp	3.0020	0.0460	get 0.0230% / 4h	3h 19m	$13K	$223K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.058%Rate

Funding earned: $81.15
Price spread: −0.058% → 0.000%: −$5.85
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $62.3
Costs to cover: 0.130%
Break-even: 1.6 days

Slippage unknown: Paradex: no order-book sample; GRVT: live order book, 33 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 GRVT live order book, 33 min ago	1.66 bp	6.2 bp −$6	27.7 bp −$277	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	3.0051	+0.045%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0020	−0.058%	$669K	$91K	20x	as long as short
Hotstuff NATGAS-PERP	+0.0024%	1h	3.0016	−0.072%	$35K	—	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0013	−0.082%	$627K	$502K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	−0.092%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0019	−0.062%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERPlong	+0.0074%	8h	3.0038	long leg	$5K	—	5x
tradeXYZ xyz:NATGAS	+0.0090%	1h	3.0016	−0.072%	$6.0M	$5.6M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0000	−0.125%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.208%	$37K	$218K	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	−0.125%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	−0.025%	$1.5M	$93K	10x	as long as short
Extended XNG-USD	+0.0152%	1h	3.0003	−0.116%	$110K	$365K	5x	as long as short
KuCoin NATGASUSDTM	+0.0364%	4h	3.0020	−0.058%	$1.0M	$991K	20x	as long as short
Aster NATGASUSDT	+0.0405%	4h	3.0044	+0.021%	$264K	$74K	50x	as long as short
GRVT NATGAS_USDT_Perpshort	+0.0460%	4h	3.0020	−0.058%	$13K	$223K	25x
GMX NATGAS/USD [ETH-USDC]	L +0.0485% / S −0.0428%	1h	3.0035	−0.009%	$92K	—	45x	as long as short
HTX NATGAS-USDT	+0.0516%	4h	3.0074	+0.121%	$107K	$211K	75x	as long as short
Gate NG_USDT	+0.0547%	8h	3.0060	+0.075%	$1.5M	$193K	100x	as long as short
BloFin NG-USDT	+0.0579%	8h	3.0030	−0.025%	$82K	$194K	20x	as long as short
OKX NG-USDT-SWAP	+0.0588%	8h	3.0030	−0.025%	$867K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0612%	4h	3.0030	−0.026%	$317K	$439K	—	as long as short
Binance NATGASUSDT	+0.0636%	4h	3.0030	−0.025%	$10.3M	$28.2M	100x	as long as short
edgeX NATGASUSDC	+0.0639%	4h	3.0030	−0.026%	$85K	$213K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0855%	1h	3.0046	+0.028%	$56K	$35K	20x	as long as short
Bitget NATGASUSDT	+0.1008%	4h	3.0000	−0.125%	$9.9M	$3.2M	100x	as long as short