Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0045%/8h= +5.0% APRpaid last 24h +0.003%

Price spread now: Extended against Paradex−0.082%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 Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.082% cheaper against Paradex than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 6.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NG-USD-PERP	3.0026	0.0067	pay 0.0067% / 8h	5h 25m	$5K	—	5x
Short	Extended XNG-USD	3.0002	0.0112	get 0.0014% / 1h	25m 03s	$110K	$444K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.082%Rate

Funding earned: $9.52
Price spread: −0.082% → 0.000%: −$8.21
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.68
Costs to cover: 0.090%
Break-even: 12.6 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 38 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 Extended live order book, 38 min ago	0.67 bp	4.6 bp −$5	9.6 bp −$96	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	3.0041	+0.049%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0010	−0.054%	$659K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0020	−0.021%	$619K	$494K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0020	−0.021%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0007	−0.064%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERPlong	+0.0067%	8h	3.0026	long leg	$5K	—	5x
Hotstuff NATGAS-PERP	+0.0096%	1h	3.0015	−0.037%	$35K	—	20x	as long as short
tradeXYZ xyz:NATGAS	+0.0097%	1h	3.0010	−0.054%	$6.0M	$5.9M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0012	−0.047%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.087%	$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	−0.087%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	−0.021%	$1.5M	$95K	10x	as long as short
Extended XNG-USDshort	+0.0112%	1h	3.0002	−0.082%	$110K	$444K	5x
HTX NATGAS-USDT	+0.0251%	4h	3.0042	+0.053%	$101K	$213K	75x	as long as short
KuCoin NATGASUSDTM	+0.0352%	4h	3.0010	−0.054%	$1.1M	$1.1M	20x	as long as short
Aster NATGASUSDT	+0.0371%	4h	3.0018	−0.027%	$265K	$73K	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0404%	4h	3.0027	+0.001%	$12K	$214K	25x	as long as short
OKX NG-USDT-SWAP	+0.0433%	8h	3.0020	−0.021%	$853K	$1.7M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0434% / S −0.0372%	1h	3.0025	−0.004%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0443%	8h	3.0060	+0.112%	$1.5M	$209K	100x	as long as short
BloFin NG-USDT	+0.0443%	8h	2.9990	−0.121%	$81K	$188K	20x	as long as short
Variational Omni NATGAS	+0.0547%	4h	3.0019	−0.025%	$311K	$444K	—	as long as short
edgeX NATGASUSDC	+0.0579%	4h	3.0019	−0.025%	$85K	$211K	20x	as long as short
Binance NATGASUSDT	+0.0584%	4h	3.0020	−0.021%	$10.2M	$28.9M	100x	as long as short
Bitget NATGASUSDT	+0.0958%	4h	3.0000	−0.087%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1109%	1h	3.0032	+0.020%	$53K	$34K	20x	as long as short