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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.019%
Price spread now: SunX against Extended+0.132%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$550.554% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.241%−$24 on $10k
Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.132%, 7d avg +0.070%
Together, before fees−0.326%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.062% dearer against Extended than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.070%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD3.00010.0112pay 0.0014% / 1h24m 30s$110K$444K5x
ShortSunX NATGAS-USDT3.00410get 0.0000% / 4h1h 24m$2K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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
−$23.52
Price spread: +0.132% → +0.070%
$6.17
Slippage, 4 orders
−$42.42
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$72.77
Costs to cover
0.554%
Break-even
never at this rate
Slippage from Extended: live order book, 38 min ago; SunX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 38 min ago0.67 bp3.7 bp −$48.4 bp −$84doesn't fitdoesn't fit
Sell SunX live order book, 2 min ago14.98 bp27.7 bp −$28doesn't fitdoesn't fitdoesn't fit

NATGAS on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX NATGAS-USDTshort0.0000%4h3.0041+0.132%$2K$2.4M20x
QFEX NATGAS-USD+0.0019%1h3.0010+0.028%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0020+0.062%$619K$494K10xas long as short
Vest NG-PERP+0.0046%1h3.0020+0.062%$37810xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0038+0.122%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0066%8h3.0026+0.082%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0096%1h3.0014+0.042%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0097%1h3.0010+0.028%$6.0M$5.9M10xas long as short
Pacifica NATGAS+0.0100%1h3.0012+0.035%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.005%$37K$216K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.005%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+0.062%$1.5M$95K10xas long as short
Extended XNG-USDlong+0.0112%1h3.0001long leg$110K$444K5x
HTX NATGAS-USDT+0.0251%4h3.0042+0.135%$101K$213K75xas long as short
KuCoin NATGASUSDTM+0.0354%4h3.0010+0.028%$1.1M$1.1M20xas long as short
Aster NATGASUSDT+0.0375%4h3.0017+0.052%$265K$73K50xas long as short
GRVT NATGAS_USDT_Perp+0.0404%4h3.0027+0.083%$12K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0434% / S −0.0372%1h3.0025+0.078%$92K45xas long as short
OKX NG-USDT-SWAP+0.0435%8h3.0020+0.062%$853K$1.7M50xas long as short
BloFin NG-USDT+0.0443%8h2.9990−0.038%$81K$188K20xas long as short
Gate NG_USDT+0.0446%8h3.0060+0.195%$1.5M$209K100xas long as short
Variational Omni NATGAS+0.0547%4h3.0019+0.058%$311K$444Kas long as short
edgeX NATGASUSDC+0.0579%4h3.0019+0.058%$85K$211K20xas long as short
Binance NATGASUSDT+0.0589%4h3.0020+0.062%$10.2M$28.9M100xas long as short
Bitget NATGASUSDT+0.0960%4h3.0000−0.005%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.1109%1h3.0032+0.102%$53K$34K20xas long as short