NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0283%/8h= −31.0% APRnext payment −$1.42 per $10,000 · paid last 24h −0.073%

Price spread now: SunX against Aster+0.085%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1321.322% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.085%, 7d avg +0.050%

Together, before fees−0.185%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.035% dearer against Aster than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.050%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.152% in total) that is about 39 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NATGASUSDT	3.0007	0.0283	pay 0.0142% / 4h	1h 51m	$265K	$73K	50x
Short	SunX NATGAS-USDT	3.0032	0	get 0.0000% / 4h	1h 51m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aster. 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 AsterbpFee SunXbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$59.49
Price spread: +0.085% → +0.050%: $3.53
Slippage, 4 orders: −$116.2
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$188.16
Costs to cover: 1.322%
Break-even: never at this rate

Slippage from Aster: live order book, 11 min ago; SunX: live order book, 6 min ago.

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 Aster live order book, 11 min ago	6.66 bp	68.3 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	14.98 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit

NATGAS on 26 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	2.8385	−5.404%	—	—	—	as long as short
SunX NATGAS-USDTshort	0.0000%	4h	3.0032	+0.085%	$2K	$2.4M	20x
QFEX NATGAS-USD	+0.0019%	1h	3.0010	+0.012%	$658K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0021	+0.048%	$619K	$445K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9998	−0.028%	$110K	$442K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	+0.012%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0031	+0.082%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0063%	8h	3.0020	+0.046%	$5K	—	5x	as long as short
Hotstuff NATGAS-PERP	+0.0072%	1h	3.0010	+0.012%	$35K	—	20x	as long as short
tradeXYZ xyz:NATGAS	+0.0092%	1h	3.0009	+0.008%	$5.9M	$5.9M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	2.9998	−0.028%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.022%	$37K	$218K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.022%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.045%	$1.5M	$95K	10x	as long as short
HTX NATGAS-USDT	+0.0218%	4h	3.0029	+0.075%	$98K	$211K	75x	as long as short
KuCoin NATGASUSDTM	+0.0266%	4h	3.0010	+0.012%	$1.0M	$1.1M	20x	as long as short
Aster NATGASUSDTlong	+0.0283%	4h	3.0007	long leg	$265K	$73K	50x
GRVT NATGAS_USDT_Perp	+0.0370%	4h	3.0010	+0.012%	$12K	$214K	25x	as long as short
OKX NG-USDT-SWAP	+0.0384%	8h	3.0020	+0.045%	$862K	$1.7M	50x	as long as short
Gate NG_USDT	+0.0408%	8h	3.0040	+0.111%	$1.5M	$208K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0427% / S −0.0364%	1h	3.0015	+0.028%	$92K	—	45x	as long as short
Variational Omni NATGAS	+0.0440%	4h	3.0010	+0.012%	$311K	$444K	—	as long as short
Binance NATGASUSDT	+0.0502%	4h	3.0015	+0.028%	$10.2M	$28.9M	100x	as long as short
edgeX NATGASUSDC	+0.0510%	4h	3.0010	+0.012%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.0816%	4h	3.0000	−0.022%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1109%	1h	3.0023	+0.055%	$53K	$36K	20x	as long as short