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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.021%
Price spread now: SunX against Ondo Perps+0.147%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.233%−$23 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
The price spread pays, funding is against you. SunX is 0.147% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.147% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.7 days. At the pace of the last 7 days (−0.233% in total) that is about 4.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps NATGAS-USD.P3.00280.0050pay 0.0006% / 1h34m 18s$82K$26K10x
ShortSunX NATGAS-USDT3.00720get 0.0000% / 4h3h 34m$2K$2.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Ondo Perps. 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
−$10.58
Price spread: +0.147% → 0.000%
$14.65
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$8.93
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell SunX live order book, 3 min ago15.14 bp28.1 bp −$28doesn't fitdoesn't fitdoesn't fit
Ondo Perps: 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 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
QFEX NATGAS-USD0.0000%1h3.0050+0.073%$659K$96K20xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8421−5.352%as long as short
SunX NATGAS-USDTshort0.0000%4h3.0072+0.147%$2K$2.3M20x
Lighter NATGAS+0.0032%1h3.0066+0.127%$631K$483K10xas long as short
Extended XNG-USD+0.0032%1h3.0037+0.031%$109K$253K5xas long as short
Vest NG-PERP+0.0046%1h3.0050+0.073%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0040+0.040%$6.0M$5.2M10xas long as short
Ondo Perps NATGAS-USD.Plong+0.0050%1h3.0028long leg$82K$26K10x
Paradex NG-USD-PERP+0.0051%8h3.0066+0.128%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0043+0.050%$69K$30K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.093%$37K$214K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.093%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060+0.107%$1.5M$90K10xas long as short
Hotstuff NATGAS-PERP+0.0128%1h3.0035+0.023%$35K20xas long as short
KuCoin NATGASUSDTM+0.0146%4h3.0050+0.073%$1.0M$843K20xas long as short
Aster NATGASUSDT+0.0173%4h3.0030+0.007%$264K$69K50xas long as short
HTX NATGAS-USDT+0.0187%4h3.0078+0.167%$119K$221K75xas long as short
GRVT NATGAS_USDT_Perp+0.0264%4h3.0030+0.007%$20K$221K25xas long as short
Gate NG_USDT+0.0296%8h3.0080+0.173%$1.5M$193K100xas long as short
Variational Omni NATGAS+0.0342%4h3.0070+0.140%$318K$391Kas long as short
Binance NATGASUSDT+0.0365%4h3.0040+0.040%$10.4M$28.8M100xas long as short
edgeX NATGASUSDC+0.0370%4h3.0027−0.002%$85K$212K20xas long as short
BloFin NG-USDT+0.0488%8h3.0030+0.007%$76K$198K20xas long as short
OKX NG-USDT-SWAP+0.0504%8h3.0030+0.007%$802K$1.9M50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0587% / S −0.0602%1h3.0055+0.090%$88K45xas long as short
Kraken Futures PF_NATGASUSD+0.0684%1h3.0050+0.075%$54K$36K20xas long as short
Bitget NATGASUSDT+0.0846%4h3.0020−0.027%$9.9M$3.0M100xas long as short