Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest+0.106%7-day average — · you sell dearer than you buy

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

Long on Vest Short on SunX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. SunX is 0.106% dearer against Vest than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NG-PERP	3.0090	0.0046	pay 0.0006% / 1h	51m 59s	—	$14K	10x
Short	SunX NATGAS-USDT	3.0122	0	get 0.0000% / 4h	1h 51m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Vest. 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 VestbpFee SunXbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$9.59
Price spread: +0.106% → 0.000%: $10.63
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$8.96
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; SunX: live order book, 5 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 Vest no order-book sample	—	—	—	—	—
Sell SunX live order book, 5 min ago	15.11 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit

Vest: 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	2.8491	−5.314%	—	—	—	as long as short
SunX NATGAS-USDTshort	0.0000%	4h	3.0122	+0.106%	$2K	$2.4M	20x
QFEX NATGAS-USD	+0.0002%	1h	3.0090	0.000%	$660K	$96K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0097	+0.023%	$630K	$500K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0086	−0.014%	$110K	$332K	5x	as long as short
Vest NG-PERPlong	+0.0046%	1h	3.0090	long leg	—	$14K	10x
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0101	+0.037%	$83K	$26K	10x	as long as short
HTX NATGAS-USDT	+0.0053%	4h	3.0087	−0.010%	$107K	$209K	75x	as long as short
Hotstuff NATGAS-PERP	+0.0056%	1h	3.0079	−0.037%	$35K	—	20x	as long as short
Paradex NG-USD-PERP	+0.0059%	8h	3.0113	+0.076%	$5K	—	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NATGAS	+0.0093%	1h	3.0102	+0.040%	$6.0M	$5.5M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0095	+0.017%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.033%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0100	+0.033%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0090	0.000%	$1.5M	$93K	10x	as long as short
GRVT NATGAS_USDT_Perp	+0.0122%	4h	3.0090	0.000%	$22K	$222K	25x	as long as short
KuCoin NATGASUSDTM	+0.0288%	4h	3.0080	−0.033%	$1.0M	$937K	20x	as long as short
Aster NATGASUSDT	+0.0303%	4h	3.0120	+0.100%	$265K	$70K	50x	as long as short
Variational Omni NATGAS	+0.0525%	4h	3.0090	−0.001%	$318K	$432K	—	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0539% / S −0.0541%	1h	3.0105	+0.050%	$88K	—	45x	as long as short
Binance NATGASUSDT	+0.0546%	4h	3.0100	+0.033%	$10.3M	$28.5M	100x	as long as short
edgeX NATGASUSDC	+0.0547%	4h	3.0093	+0.011%	$85K	$212K	20x	as long as short
Gate NG_USDT	+0.0628%	8h	3.0130	+0.133%	$1.5M	$195K	100x	as long as short
BloFin NG-USDT	+0.0637%	8h	3.0110	+0.066%	$82K	$195K	20x	as long as short
OKX NG-USDT-SWAP	+0.0653%	8h	3.0090	0.000%	$872K	$1.8M	50x	as long as short
Bitget NATGASUSDT	+0.0970%	4h	3.0080	−0.033%	$10.0M	$3.1M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0985%	1h	3.0117	+0.090%	$56K	$35K	20x	as long as short