Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0694%/8h= −76.0% APRpaid last 24h −0.213%

Price spread now: Paradex against Bitget+0.163%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Paradex

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 days—no price history on both exchanges yet

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

The price spread pays, funding is against you. Paradex is 0.163% dearer against Bitget than usual: you sell high and buy low (spread +0.163% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NATGASUSDT	2.9920	0.0746	pay 0.0373% / 4h	2h 07m	$9.9M	$2.9M	100x
Short	Paradex NG-USD-PERP	2.9969	0.0052	get 0.0052% / 8h	6h 07m	$5K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$145.71
Price spread: +0.163% → 0.000%: $16.32
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$145.38
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Bitget: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	1.67 bp	12.1 bp −$12	23.5 bp −$235	72.1 bp −$7,205	doesn'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 exchanges

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
GRVT NATGAS_USDT_Perp	0.0000%	4h	2.9964	+0.146%	$20K	$208K	25x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8356	−5.227%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9960	+0.134%	$2K	$1.8M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	2.9997	+0.257%	$118K	$221K	75x	as long as short
QFEX NATGAS-USD	+0.0024%	1h	2.9970	+0.167%	$660K	$98K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9955	+0.117%	$676K	$764K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9949	+0.097%	$141K	$349K	5x	as long as short
Aster NATGASUSDT	+0.0034%	4h	2.9979	+0.197%	$258K	$74K	50x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9990	+0.234%	—	$14K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0048%	1h	2.9977	+0.191%	$35K	—	20x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9961	+0.137%	$6.0M	$5.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9977	+0.191%	$84K	$28K	10x	as long as short
Paradex NG-USD-PERPshort	+0.0052%	8h	2.9969	+0.163%	$5K	—	5x
Pacifica NATGAS	+0.0100%	1h	2.9959	+0.130%	$68K	$39K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.267%	$37K	$214K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.267%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9950	+0.100%	$1.5M	$92K	10x	as long as short
KuCoin NATGASUSDTM	+0.0170%	4h	2.9960	+0.134%	$1.1M	$815K	20x	as long as short
Variational Omni NATGAS	+0.0176%	4h	2.9968	+0.161%	$355K	$429K	—	as long as short
Binance NATGASUSDT	+0.0214%	4h	2.9956	+0.122%	$9.7M	$31.6M	100x	as long as short
edgeX NATGASUSDC	+0.0230%	4h	2.9959	+0.131%	$85K	$211K	20x	as long as short
Gate NG_USDT	+0.0275%	8h	2.9990	+0.234%	$1.5M	$205K	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0298%	1h	2.9962	+0.140%	$54K	$46K	20x	as long as short
BloFin NG-USDT	+0.0374%	8h	2.9940	+0.067%	$77K	$198K	20x	as long as short
OKX NG-USDT-SWAP	+0.0395%	8h	2.9940	+0.067%	$836K	$2.0M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0538% / S −0.0542%	1h	2.9965	+0.150%	$88K	—	45x	as long as short
Bitget NATGASUSDTlong	+0.0746%	4h	2.9920	long leg	$9.9M	$2.9M	100x