Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0144%/8h= −15.7% APRpaid last 24h −0.092%

Price spread now: Orderly against edgeX+0.141%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

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

The price spread pays, funding is against you. Orderly is 0.141% dearer against edgeX than usual: you sell high and buy low (spread +0.141% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NATGASUSDC	2.9958	0.0244	pay 0.0122% / 4h	49m 12s	$85K	$211K	20x
Short	Orderly PERP_NATGAS_USDC_mythos	3.0000	0.0100	get 0.0100% / 8h	4h 49m	$3K	$544	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against edgeX. 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 edgeXbpFee OrderlybpOrdersPrice spread, now +0.141%Rate

Funding earned: −$30.2
Price spread: +0.141% → 0.000%: $14.12
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$31.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 56 min ago; Orderly: 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 edgeX live order book, 56 min ago	13.33 bp	33.9 bp −$34	42.6 bp −$426	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Hotstuff NATGAS-PERP	−0.1600%	1h	2.9965	+0.024%	$36K	$599	20x	as long as short
GRVT NATGAS_USDT_Perp	0.0000%	4h	2.9960	+0.007%	$14K	$194K	25x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8406	−5.180%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0062	+0.348%	$2K	$1.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	3.0066	+0.362%	$118K	$220K	75x	as long as short
QFEX NATGAS-USD	+0.0003%	1h	3.0020	+0.208%	$595K	$101K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0036	+0.261%	$647K	$704K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0027	+0.232%	$123K	$371K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0020	+0.208%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0016	+0.195%	$6.0M	$4.9M	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9942	−0.052%	$84K	$28K	10x	as long as short
Paradex NG-USD-PERP	+0.0050%	8h	3.0025	+0.225%	$5K	—	5x	as long as short
Aster NATGASUSDT	+0.0088%	4h	3.0038	+0.268%	$259K	$74K	50x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0013	+0.185%	$68K	$39K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	3.0010	+0.175%	$1.1M	$750K	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.193%	$36K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythosshort	+0.0100%	8h	3.0000	+0.141%	$3K	$544	10x
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.208%	$1.5M	$95K	10x	as long as short
Variational Omni NATGAS	+0.0183%	4h	2.9957	−0.002%	$355K	$419K	—	as long as short
Binance NATGASUSDT	+0.0240%	4h	3.0030	+0.241%	$10.0M	$32.7M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0240%	1h	3.0041	+0.277%	$53K	$48K	20x	as long as short
edgeX NATGASUSDClong	+0.0244%	4h	2.9958	long leg	$85K	$211K	20x
Gate NG_USDT	+0.0322%	8h	3.0050	+0.308%	$1.5M	$158K	100x	as long as short
BloFin NG-USDT	+0.0348%	8h	3.0020	+0.208%	$80K	$202K	20x	as long as short
OKX NG-USDT-SWAP	+0.0355%	8h	3.0010	+0.175%	$838K	$2.0M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0403% / S −0.0375%	1h	3.0035	+0.258%	$88K	—	45x	as long as short
Bitget NATGASUSDT	+0.0796%	4h	2.9990	+0.108%	$10.0M	$2.7M	100x	as long as short