Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.012%
Price spread now: QFEX against Paradex−0.010%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex NG-USD-PERP2.99530.0066pay 0.0066% / 8h15m 16s$5K5x
ShortQFEX NATGAS-USD2.99500.0030get 0.0004% / 1h15m 16s$657K$86K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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

Funding earned
−$7.58
Price spread: −0.010% → 0.000%
−$0.99
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$22.57
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; QFEX: live order book, 49 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell QFEX live order book, 49 min ago1.67 bp9.9 bp −$1010.0 bp −$10013.2 bp −$1,319doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT NATGAS_USDT_Perp0.0000%4h2.9948−0.016%$13K$238K25xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8306−5.499%as long as short
SunX NATGAS-USDT0.0000%4h2.9947−0.020%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9987+0.114%$98K$212K75xas long as short
QFEX NATGAS-USDshort+0.0030%1h2.9950−0.010%$657K$86K20x
Lighter NATGAS+0.0032%1h2.9968+0.050%$616K$419K10xas long as short
Vest NG-PERP+0.0046%1h2.9950−0.010%$37810xas long as short
Extended XNG-USD+0.0048%1h2.9943−0.032%$110K$453K5xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9947−0.020%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9973+0.067%$84K$43K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP+0.0056%1h2.9952−0.003%$35K20xas long as short
Aster NATGASUSDT+0.0058%4h2.9960+0.023%$265K$73K50xas long as short
Paradex NG-USD-PERPlong+0.0066%8h2.9953long leg$5K5x
Variational Omni NATGAS+0.0080%4h2.9951−0.008%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9951−0.006%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950−0.010%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.177%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.157%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9950−0.010%$1.5M$97K10xas long as short
OKX NG-USDT-SWAP+0.0127%8h2.9960+0.023%$856K$1.7M50xas long as short
BloFin NG-USDT+0.0157%8h2.9960+0.023%$80K$189K20xas long as short
Gate NG_USDT+0.0171%8h2.9980+0.090%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0182%4h2.9950−0.010%$10.1M$29.9M100xas long as short
edgeX NATGASUSDC+0.0208%4h2.9951−0.008%$85K$213K20xas long as short
Bitget NATGASUSDT+0.0274%4h2.9930−0.077%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955+0.007%$93K45xas long as short
Kraken Futures PF_NATGASUSD+0.1217%1h2.9970+0.058%$52K$39K20xas long as short