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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.016%
Price spread now: SunX against Paradex+0.022%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
The price spread pays, funding is against you. SunX is 0.022% dearer against Paradex than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 24 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex NG-USD-PERP3.00150.0072pay 0.0072% / 8h6h 14m$5K5x
ShortSunX NATGAS-USDT3.00210get 0.0000% / 4h2h 14m$2K$2.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$15.17
Price spread: +0.022% → 0.000%
$2.16
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee SunX: 4 bp × 2 orders
−$8
Net
−$25.02
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Paradex: 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 Paradex no order-book sample
Sell SunX live order book, 3 min ago14.98 bp27.7 bp −$28doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP−0.0040%1h3.0003−0.038%$35K20xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8361−5.509%as long as short
SunX NATGAS-USDTshort0.0000%4h3.0021+0.022%$2K$2.5M20x
QFEX NATGAS-USD+0.0019%1h3.0010−0.015%$658K$86K20xas long as short
Lighter NATGAS+0.0032%1h3.0001−0.045%$618K$445K10xas long as short
Vest NG-PERP+0.0046%1h3.0000−0.048%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9992−0.075%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0030+0.052%$82K$27K10xas long as short
Paradex NG-USD-PERPlong+0.0072%8h3.0015long leg$5K5x
Extended XNG-USD+0.0080%1h2.9976−0.127%$110K$449K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0004−0.035%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.048%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.048%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9990−0.082%$1.5M$95K10xas long as short
KuCoin NATGASUSDTM+0.0166%4h3.0010−0.015%$1.0M$1.1M20xas long as short
Aster NATGASUSDT+0.0235%4h2.9986−0.096%$265K$73K50xas long as short
HTX NATGAS-USDT+0.0247%4h3.0009−0.018%$98K$212K75xas long as short
OKX NG-USDT-SWAP+0.0355%8h3.0000−0.048%$860K$1.7M50xas long as short
Variational Omni NATGAS+0.0384%4h3.0009−0.017%$311K$444Kas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0422% / S −0.0359%1h3.0005−0.032%$92K45xas long as short
GRVT NATGAS_USDT_Perp+0.0426%4h3.0018+0.011%$12K$214K25xas long as short
Gate NG_USDT+0.0433%8h3.0030+0.052%$1.5M$219K100xas long as short
edgeX NATGASUSDC+0.0436%4h3.0009−0.017%$85K$213K20xas long as short
Binance NATGASUSDT+0.0447%4h2.9990−0.082%$10.2M$29.1M100xas long as short
Bitget NATGASUSDT+0.0700%4h2.9960−0.182%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.0826%1h3.0015+0.002%$53K$38K20xas long as short