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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.019%
Price spread now: Extended against SunX−0.154%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$640.638% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.230%+$23 on $10k
Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.154%, 7d avg −0.069%
Together, before fees+0.278%+ Points / potential airdropExtended: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.085% cheaper against SunX than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of −0.069%). If the spread goes back, that is −$8 on $10k: about 8.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.230% in total) that is about 2.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NATGAS-USDT3.00310get 0.0000% / 4h2h 56m$2K$2.6M20x
ShortExtended XNG-USD2.99850.0032get 0.0004% / 1h56m 19s$110K$451K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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
$6.72
Price spread: −0.154% → −0.069%
−$8.48
Slippage, 4 orders
−$50.78
Fee SunX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$65.54
Costs to cover
0.638%
Break-even
75.3 days
Slippage from SunX: live order book, 11 min ago; Extended: live order book, 11 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 SunX live order book, 11 min ago19.13 bp23.5 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 11 min ago1.00 bp3.6 bp −$48.6 bp −$86doesn't fitdoesn't fit

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
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8365−5.548%as long as short
SunX NATGAS-USDTlong0.0000%4h3.0031long leg$2K$2.6M20x
QFEX NATGAS-USD+0.0019%1h3.0020−0.037%$659K$86K20xas long as short
Extended XNG-USDshort+0.0032%1h2.9985−0.154%$110K$451K5x
Vest NG-PERP+0.0046%1h3.0010−0.070%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0005−0.087%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0047+0.053%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0053%8h3.0026−0.018%$5K5xas long as short
Lighter NATGAS+0.0072%1h3.0007−0.080%$617K$443K10xas long as short
Pacifica NATGAS+0.0100%1h3.0014−0.055%$68K$33K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NATGASUSDTM+0.0100%4h3.0010−0.070%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.103%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.103%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020−0.037%$1.5M$94K10xas long as short
Aster NATGASUSDT+0.0119%4h3.0030−0.003%$266K$73K50xas long as short
Hotstuff NATGAS-PERP+0.0128%1h3.0007−0.080%$35K20xas long as short
HTX NATGAS-USDT+0.0200%4h3.00310.000%$98K$211K75xas long as short
Variational Omni NATGAS+0.0229%4h3.0010−0.069%$312K$443Kas long as short
BloFin NG-USDT+0.0264%8h2.9990−0.137%$81K$189K20xas long as short
OKX NG-USDT-SWAP+0.0282%8h3.0010−0.070%$865K$1.7M50xas long as short
edgeX NATGASUSDC+0.0300%4h3.0034+0.009%$85K$213K20xas long as short
Binance NATGASUSDT+0.0305%4h3.0013−0.059%$10.1M$29.2M100xas long as short
GRVT NATGAS_USDT_Perp+0.0336%4h3.0020−0.037%$25K$200K25xas long as short
Gate NG_USDT+0.0393%8h3.0030−0.003%$1.5M$217K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0416% / S −0.0352%1h3.0015−0.053%$92K45xas long as short
Bitget NATGASUSDT+0.0458%4h3.0000−0.103%$9.9M$3.5M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0027−0.013%$52K$36K20xas long as short