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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.016%
Price spread now: Paradex against SunX+0.135%7-day average · you sell dearer than you buy
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 4 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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.135% dearer against SunX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NATGAS-USDT3.00340get 0.0000% / 4h2h 06m$2K$2.4M20x
ShortParadex NG-USD-PERP3.00740.0062get 0.0062% / 8h2h 06m$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$13.07
Price spread: +0.135% → 0.000%
$13.48
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
$14.56
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: SunX: live order book, 11 min ago; Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 11 min ago15.13 bp19.5 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Paradex no order-book sample
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
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8455−5.257%as long as short
SunX NATGAS-USDTlong0.0000%4h3.0034long leg$2K$2.4M20x
Lighter NATGAS+0.0032%1h3.0068+0.113%$629K$504K10xas long as short
Extended XNG-USD+0.0032%1h3.0053+0.065%$110K$333K5xas long as short
QFEX NATGAS-USD+0.0033%1h3.0060+0.087%$660K$96K20xas long as short
Vest NG-PERP+0.0046%1h3.0070+0.120%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0089+0.183%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0054%1h3.0059+0.083%$6.0M$5.5M10xas long as short
Paradex NG-USD-PERPshort+0.0062%8h3.0074+0.135%$5K5x
Pacifica NATGAS+0.0100%1h3.0063+0.095%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.113%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.113%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070+0.120%$1.5M$93K10xas long as short
HTX NATGAS-USDT+0.0122%4h3.0080+0.153%$107K$211K75xas long as short
GRVT NATGAS_USDT_Perp+0.0170%4h3.0052+0.060%$13K$212K25xas long as short
Hotstuff NATGAS-PERP+0.0208%1h3.0076+0.140%$35K20xas long as short
KuCoin NATGASUSDTM+0.0314%4h3.0050+0.053%$1.0M$945K20xas long as short
Aster NATGASUSDT+0.0335%4h3.0085+0.171%$265K$75K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0530% / S −0.0531%1h3.0065+0.103%$88K45xas long as short
Variational Omni NATGAS+0.0561%4h3.0060+0.086%$317K$432Kas long as short
Binance NATGASUSDT+0.0574%4h3.0060+0.087%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0592%4h3.0060+0.086%$85K$212K20xas long as short
Gate NG_USDT+0.0615%8h3.0100+0.220%$1.5M$196K100xas long as short
BloFin NG-USDT+0.0644%8h3.0060+0.087%$81K$195K20xas long as short
OKX NG-USDT-SWAP+0.0653%8h3.0060+0.087%$868K$1.7M50xas long as short
Bitget NATGASUSDT+0.0978%4h3.0040+0.020%$9.9M$3.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.1181%1h3.0081+0.155%$56K$35K20xas long as short