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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.019%
Price spread now: Extended against SunX−0.119%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$550.549% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.230%+$23 on $10k
Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.119%, 7d avg −0.069%
Together, before fees+0.243%+ Points / potential airdropExtended: Active · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.050% cheaper against SunX than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.069%). If the spread goes back, that is −$5 on $10k: about 5.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.230% in total) that is about 36 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NATGAS-USDT3.00410get 0.0000% / 4h3h 31m$2K$2.6M20x
ShortExtended XNG-USD3.00050.0032get 0.0004% / 1h31m 18s$112K$452K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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
$6.72
Price spread: −0.119% → −0.069%
−$4.99
Slippage, 4 orders
−$41.89
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$53.16
Costs to cover
0.549%
Break-even
62.4 days
Slippage from SunX: live order book, 6 min ago; Extended: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago14.98 bp19.4 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 41 min ago0.17 bp3.3 bp −$37.1 bp −$71doesn't fitdoesn't fit

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
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8374−5.549%as long as short
SunX NATGAS-USDTlong0.0000%4h3.0041long leg$2K$2.6M20x
QFEX NATGAS-USD+0.0015%1h3.0010−0.103%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0024−0.057%$617K$413K10xas long as short
Extended XNG-USDshort+0.0032%1h3.0005−0.119%$112K$452K5x
Vest NG-PERP+0.0046%1h3.0010−0.103%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0011−0.100%$5.9M$6.0M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0039−0.007%$84K$27K10xas long as short
Paradex NG-USD-PERP+0.0056%8h3.0027−0.048%$5K5xas long as short
Aster NATGASUSDT+0.0072%4h3.0030−0.037%$266K$73K50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0019−0.073%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h3.0010−0.103%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.136%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.136%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020−0.070%$1.5M$95K10xas long as short
Hotstuff NATGAS-PERP+0.0128%1h3.0013−0.093%$35K20xas long as short
Variational Omni NATGAS+0.0141%4h3.0020−0.069%$312K$443Kas long as short
OKX NG-USDT-SWAP+0.0205%8h3.0020−0.070%$863K$1.7M50xas long as short
BloFin NG-USDT+0.0217%8h3.0000−0.136%$80K$189K20xas long as short
Binance NATGASUSDT+0.0232%4h3.0020−0.070%$10.1M$29.5M100xas long as short
edgeX NATGASUSDC+0.0235%4h3.0019−0.072%$85K$212K20xas long as short
HTX NATGAS-USDT+0.0255%4h3.0036−0.017%$98K$211K75xas long as short
Bitget NATGASUSDT+0.0300%4h2.9990−0.170%$10.0M$3.5M100xas long as short
GRVT NATGAS_USDT_Perp+0.0398%4h3.0010−0.102%$25K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0408% / S −0.0344%1h3.0025−0.053%$92K45xas long as short
Gate NG_USDT+0.0503%8h3.0040−0.003%$1.5M$255K100xas long as short
Kraken Futures PF_NATGASUSD+0.1001%1h3.0027−0.045%$52K$36K20xas long as short