Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0529%/8h= +58.0% APRpaid last 24h +0.115%

Price spread now: edgeX against Paradex−0.091%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.091% cheaper against Paradex than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NG-USD-PERP	3.0087	0.0063	pay 0.0063% / 8h	2h 07m	$5K	—	5x
Short	edgeX NATGASUSDC	3.0060	0.0592	get 0.0296% / 4h	2h 07m	$85K	$212K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Paradex. 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 ParadexbpFee edgeXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $111.17
Price spread: −0.091% → 0.000%: −$9.09
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $89.08
Costs to cover: 0.130%
Break-even: 1.4 days

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 40 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell edgeX live order book, 40 min ago	13.32 bp	21.1 bp −$21	29.2 bp −$292	doesn't fit	doesn't fit

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 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-USDT	0.0000%	4h	3.0092	+0.016%	$2K	$2.4M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0077	−0.034%	$629K	$504K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0068	−0.063%	$110K	$333K	5x	as long as short
QFEX NATGAS-USD	+0.0033%	1h	3.0070	−0.057%	$660K	$96K	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0070	−0.057%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0049	−0.127%	$83K	$26K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0056%	1h	3.0074	−0.044%	$6.0M	$5.5M	10x	as long as short
Paradex NG-USD-PERPlong	+0.0063%	8h	3.0087	long leg	$5K	—	5x
Pacifica NATGAS	+0.0100%	1h	3.0068	−0.063%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.289%	$37K	$218K	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	−0.289%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0070	−0.057%	$1.5M	$93K	10x	as long as short
HTX NATGAS-USDT	+0.0122%	4h	3.0080	−0.024%	$107K	$211K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0170%	4h	3.0052	−0.116%	$13K	$212K	25x	as long as short
Hotstuff NATGAS-PERP	+0.0208%	1h	3.0076	−0.037%	$35K	—	20x	as long as short
KuCoin NATGASUSDTM	+0.0316%	4h	3.0060	−0.090%	$1.0M	$945K	20x	as long as short
Aster NATGASUSDT	+0.0338%	4h	3.0097	+0.031%	$265K	$75K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0529% / S −0.0530%	1h	3.0075	−0.040%	$88K	—	45x	as long as short
Variational Omni NATGAS	+0.0561%	4h	3.0060	−0.091%	$317K	$432K	—	as long as short
Binance NATGASUSDT	+0.0577%	4h	3.0070	−0.057%	$10.3M	$28.5M	100x	as long as short
edgeX NATGASUSDCshort	+0.0592%	4h	3.0060	−0.091%	$85K	$212K	20x
Gate NG_USDT	+0.0615%	8h	3.0100	+0.043%	$1.5M	$196K	100x	as long as short
BloFin NG-USDT	+0.0644%	8h	3.0060	−0.090%	$81K	$195K	20x	as long as short
OKX NG-USDT-SWAP	+0.0652%	8h	3.0080	−0.024%	$868K	$1.7M	50x	as long as short
Bitget NATGASUSDT	+0.0982%	4h	3.0040	−0.157%	$9.9M	$3.2M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1180%	1h	3.0093	+0.020%	$56K	$35K	20x	as long as short