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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: SunX against ApeX Omni+0.107%47s7-day average +0.075% · 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 7 days−0.210%−$21 on $10k
Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.107%, 7d avg +0.075%
Together, before fees−0.189%−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.031% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.075%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NATGASUSDT3.00000.0100pay 0.0013% / 1h41m 19s$37K$215K50x
ShortSunX NATGAS-USDT3.00320get 0.0000% / 4h1h 41m$2K$1.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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
−$21
Price spread: +0.107% → +0.075%
$3.15
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$35.85
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 3 min ago; SunX: live order book, 8 min ago. 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 ApeX Omni live order book, 3 min ago16.64 bp55.7 bp −$56268.5 bp −$2,685doesn't fitdoesn't fit
Sell SunX live order book, 8 min ago500.33 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

NATGAS on 27 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP−0.1600%1h3.0006+0.020%$35K20xas long as short
Kraken Futures PF_NATGASUSD−0.0077%1h3.0013+0.043%$54K$46K20xas long as short
QFEX NATGAS-USD−0.0004%1h3.0010+0.033%$661K$99K20xas long as short
GRVT NATGAS_USDT_Perp0.0000%4h3.0030+0.100%$19K$200K25xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8354−5.487%as long as short
SunX NATGAS-USDTshort0.0000%4h3.0032+0.107%$2K$1.7M20x
HTX NATGAS-USDT0.0000%4h3.0016+0.053%$118K$220K75xas long as short
Aster NATGASUSDT+0.0004%4h3.00000.000%$258K$74K50xas long as short
Lighter NATGAS+0.0032%1h3.0014+0.047%$649K$793K10xas long as short
Extended XNG-USD+0.0032%1h3.0009+0.029%$122K$368K5xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest NG-PERP+0.0046%1h3.0010+0.033%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0006+0.020%$6.0M$4.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0013+0.043%$84K$28K10xas long as short
Paradex NG-USD-PERP+0.0051%8h3.0020+0.067%$5K5xas long as short
Variational Omni NATGAS+0.0088%4h3.0027+0.091%$356K$426Kas long as short
Pacifica NATGAS+0.0100%1h2.9992−0.028%$68K$39K10xas long as short
ApeX Omni NATGASUSDTlong+0.0100%1h3.0000long leg$37K$215K50x
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.00000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+0.067%$1.5M$93K10xas long as short
KuCoin NATGASUSDTM+0.0128%4h3.00000.000%$1.1M$797K20xas long as short
edgeX NATGASUSDC+0.0166%4h3.0024+0.079%$85K$212K20xas long as short
Binance NATGASUSDT+0.0172%4h3.0010+0.033%$10.0M$32.7M100xas long as short
Gate NG_USDT+0.0265%8h3.0040+0.133%$1.5M$200K100xas long as short
OKX NG-USDT-SWAP+0.0340%8h3.00000.000%$832K$2.0M50xas long as short
BloFin NG-USDT+0.0371%8h3.00000.000%$80K$201K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0493% / S −0.0486%1h3.0015+0.050%$88K45xas long as short
Bitget NATGASUSDT+0.0708%4h2.9990−0.033%$9.9M$2.9M100xas long as short