Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: gTrade (Gains Network) against SunX−5.420%126s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 5.420% cheaper against SunX than usual: you would sell low and buy high, −$542 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 126 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NATGAS-USDT	3.0092	0	get 0.0000% / 4h	1h 23m	$2K	$2.4M	20x
Short	gTrade (Gains Network) NATGAS/USD	2.8461	L 0.0000% / S 0.0000%	pay 0.0000% / 1h	23m 46s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee SunXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −5.420%Rate

Funding earned: −$0.04
Price spread: −5.420% → 0.000%: −$542
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$560.04
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. 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 SunX live order book, 3 min ago	15.12 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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/USDshort	L 0.0000% / S 0.0000%	1h	2.8461	−5.420%	—	—	—
SunX NATGAS-USDTlong	0.0000%	4h	3.0092	long leg	$2K	$2.4M	20x
QFEX NATGAS-USD	+0.0002%	1h	3.0070	−0.073%	$660K	$96K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0080	−0.040%	$630K	$502K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0065	−0.088%	$111K	$283K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0070	−0.073%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0068	−0.080%	$6.0M	$5.4M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0056	−0.120%	$83K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0055%	8h	3.0088	−0.013%	$5K	—	5x	as long as short
HTX NATGAS-USDT	+0.0055%	4h	3.0087	−0.017%	$107K	$201K	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	3.0053	−0.130%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.027%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0100	+0.027%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0070	−0.073%	$1.5M	$93K	10x	as long as short
GRVT NATGAS_USDT_Perp	+0.0152%	4h	3.0064	−0.093%	$22K	$210K	25x	as long as short
Hotstuff NATGAS-PERP	+0.0224%	1h	3.0078	−0.047%	$35K	—	20x	as long as short
KuCoin NATGASUSDTM	+0.0256%	4h	3.0050	−0.140%	$1.0M	$915K	20x	as long as short
Aster NATGASUSDT	+0.0281%	4h	3.0092	+0.001%	$265K	$70K	50x	as long as short
Variational Omni NATGAS	+0.0508%	4h	3.0070	−0.074%	$319K	$393K	—	as long as short
Binance NATGASUSDT	+0.0523%	4h	3.0070	−0.073%	$10.3M	$28.6M	100x	as long as short
edgeX NATGASUSDC	+0.0547%	4h	3.0070	−0.074%	$85K	$211K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0553% / S −0.0560%	1h	3.0075	−0.056%	$88K	—	45x	as long as short
Gate NG_USDT	+0.0626%	8h	3.0090	−0.007%	$1.5M	$196K	100x	as long as short
BloFin NG-USDT	+0.0630%	8h	3.0050	−0.140%	$83K	$198K	20x	as long as short
OKX NG-USDT-SWAP	+0.0654%	8h	3.0080	−0.040%	$877K	$1.8M	50x	as long as short
Bitget NATGASUSDT	+0.0958%	4h	3.0040	−0.173%	$9.9M	$3.1M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0986%	1h	3.0086	−0.019%	$56K	$35K	20x	as long as short