NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0623%/8h= −68.3% APRnext payment −$3.12 per $10,000 · paid last 24h −0.117%

Price spread now: SunX against edgeX+0.071%74s7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1021.023% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.357%−$36 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.071%, 7d avg +0.059%

Together, before fees−0.374%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.357% in total (about -18.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.12 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	edgeX NATGASUSDC	3.0051	0.0623	pay 0.0312% / 4h	33m 50s	$85K	$212K	20x
Short	SunX NATGAS-USDT	3.0072	0	get 0.0000% / 4h	33m 50s	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$130.89
Price spread: +0.071% → +0.059%: $1.17
Slippage, 4 orders: −$85.32
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$232.04
Costs to cover: 1.023%
Break-even: never at this rate

Slippage from edgeX: live order book, 23 min ago; SunX: live order book, 3 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 edgeX live order book, 23 min ago	13.34 bp	33.7 bp −$34	43.4 bp −$434	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	15.13 bp	28.1 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
SunX NATGAS-USDTshort	0.0000%	4h	3.0072	+0.071%	$2K	$2.4M	20x
QFEX NATGAS-USD	+0.0022%	1h	3.0040	−0.036%	$659K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0049	−0.006%	$619K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0038	−0.043%	$110K	$429K	5x	as long as short
Hotstuff NATGAS-PERP	+0.0040%	1h	3.0053	+0.008%	$35K	—	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0050	−0.002%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0040	−0.036%	$83K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0056%	8h	3.0056	+0.017%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0045	−0.019%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.169%	$37K	$216K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.169%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0060	+0.031%	$1.5M	$94K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0117%	1h	3.0053	+0.008%	$6.0M	$5.9M	10x	as long as short
HTX NATGAS-USDT	+0.0216%	4h	3.0076	+0.084%	$105K	$212K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0348%	4h	3.0041	−0.032%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTM	+0.0372%	4h	3.0040	−0.036%	$1.1M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0408%	4h	3.0043	−0.026%	$266K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0453% / S −0.0393%	1h	3.0055	+0.014%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0458%	8h	3.0080	+0.097%	$1.5M	$192K	100x	as long as short
OKX NG-USDT-SWAP	+0.0490%	8h	3.0050	−0.002%	$855K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0510%	8h	3.0050	−0.002%	$80K	$188K	20x	as long as short
Variational Omni NATGAS	+0.0601%	4h	3.0050	−0.003%	$312K	$444K	—	as long as short
edgeX NATGASUSDClong	+0.0623%	4h	3.0051	long leg	$85K	$212K	20x
Binance NATGASUSDT	+0.0625%	4h	3.0057	+0.022%	$10.2M	$28.6M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0993%	1h	3.0068	+0.056%	$54K	$34K	20x	as long as short
Bitget NATGASUSDT	+0.1004%	4h	3.0030	−0.069%	$9.9M	$3.3M	100x	as long as short