Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h +0.010%

Price spread now: tradeXYZ against Paradex−0.043%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.043% cheaper against Paradex than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 8.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NG-USD-PERP	3.0059	0.0053	pay 0.0053% / 8h	57m 17s	$5K	—	5x
Short	tradeXYZ xyz:NATGAS	3.0046	0.0070	get 0.0009% / 1h	57m 17s	$6.0M	$5.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.043%Rate

Funding earned: $3.74
Price spread: −0.043% → 0.000%: −$4.26
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$22.52
Costs to cover: 0.220%
Break-even: 49.2 days

Slippage unknown: Paradex: no order-book sample; tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago	0.67 bp	11.1 bp −$11	doesn't fit	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	2.8434	−5.405%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0072	+0.044%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0004%	1h	3.0040	−0.063%	$659K	$96K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0045	−0.046%	$629K	$487K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0036	−0.076%	$111K	$283K	5x	as long as short
HTX NATGAS-USDT	+0.0043%	4h	3.0062	+0.011%	$117K	$218K	75x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0050	−0.029%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0059	+0.001%	$83K	$26K	10x	as long as short
Paradex NG-USD-PERPlong	+0.0053%	8h	3.0059	long leg	$5K	—	5x
tradeXYZ xyz:NATGASshort	+0.0070%	1h	3.0046	−0.043%	$6.0M	$5.3M	10x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	3.0040	−0.063%	$68K	$30K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.196%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.196%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0050	−0.029%	$1.5M	$92K	10x	as long as short
GRVT NATGAS_USDT_Perp	+0.0132%	4h	3.0054	−0.017%	$15K	$222K	25x	as long as short
KuCoin NATGASUSDTM	+0.0204%	4h	3.0050	−0.029%	$1.0M	$897K	20x	as long as short
Hotstuff NATGAS-PERP	+0.0216%	1h	3.0059	+0.001%	$35K	—	20x	as long as short
Aster NATGASUSDT	+0.0247%	4h	3.0070	+0.037%	$265K	$68K	50x	as long as short
Variational Omni NATGAS	+0.0472%	4h	3.0060	+0.003%	$318K	$393K	—	as long as short
Binance NATGASUSDT	+0.0491%	4h	3.0049	−0.032%	$10.3M	$28.5M	100x	as long as short
edgeX NATGASUSDC	+0.0510%	4h	3.0070	+0.038%	$85K	$213K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0569% / S −0.0579%	1h	3.0045	−0.046%	$88K	—	45x	as long as short
Gate NG_USDT	+0.0584%	8h	3.0070	+0.037%	$1.5M	$195K	100x	as long as short
BloFin NG-USDT	+0.0647%	8h	3.0040	−0.063%	$83K	$198K	20x	as long as short
OKX NG-USDT-SWAP	+0.0655%	8h	3.0050	−0.029%	$876K	$1.7M	50x	as long as short
Kraken Futures PF_NATGASUSD	+0.0861%	1h	3.0059	−0.001%	$56K	$36K	20x	as long as short
Bitget NATGASUSDT	+0.0916%	4h	3.0010	−0.162%	$9.9M	$3.1M	100x	as long as short