Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against SunX−0.073%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.073% cheaper against SunX than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5.3 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	SunX NATGAS-USDT	3.0052	0	get 0.0000% / 4h	2h 59m	$2K	$2.6M	20x
Short	Vest NG-PERP	3.0030	0.0046	get 0.0006% / 1h	59m 46s	—	$378	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee SunXbpFee VestbpOrdersPrice spread, now −0.073%Rate

Funding earned: $9.59
Price spread: −0.073% → 0.000%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$7.73
Costs to cover: 0.100%
Break-even: 12.6 days

Slippage unknown: SunX: live order book, 7 min ago; Vest: no order-book sample. 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 SunX live order book, 7 min ago	19.13 bp	23.5 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8384	−5.550%	—	—	—	as long as short
SunX NATGAS-USDTlong	0.0000%	4h	3.0052	long leg	$2K	$2.6M	20x
QFEX NATGAS-USD	+0.0015%	1h	3.0020	−0.106%	$659K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0037	−0.050%	$617K	$429K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0019	−0.111%	$110K	$451K	5x	as long as short
Vest NG-PERPshort	+0.0046%	1h	3.0030	−0.073%	—	$378	10x
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0019	−0.110%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0049	−0.010%	$84K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0053%	8h	3.0032	−0.067%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0017	−0.118%	$68K	$33K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NATGASUSDTM	+0.0100%	4h	3.0020	−0.106%	$1.0M	$1.1M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.173%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.173%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	−0.073%	$1.5M	$95K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0104%	1h	3.0016	−0.120%	$35K	—	20x	as long as short
Aster NATGASUSDT	+0.0111%	4h	3.0030	−0.073%	$266K	$73K	50x	as long as short
HTX NATGAS-USDT	+0.0207%	4h	3.0052	0.000%	$98K	$212K	75x	as long as short
Variational Omni NATGAS	+0.0215%	4h	3.0030	−0.074%	$312K	$443K	—	as long as short
BloFin NG-USDT	+0.0255%	8h	2.9990	−0.206%	$81K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0273%	8h	3.0020	−0.106%	$864K	$1.7M	50x	as long as short
Binance NATGASUSDT	+0.0296%	4h	3.0030	−0.073%	$10.1M	$29.2M	100x	as long as short
edgeX NATGASUSDC	+0.0304%	4h	3.0030	−0.074%	$85K	$213K	20x	as long as short
GRVT NATGAS_USDT_Perp	+0.0322%	4h	3.0020	−0.106%	$25K	$200K	25x	as long as short
Gate NG_USDT	+0.0385%	8h	3.0040	−0.040%	$1.5M	$256K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0415% / S −0.0351%	1h	3.0035	−0.057%	$92K	—	45x	as long as short
Bitget NATGASUSDT	+0.0430%	4h	3.0010	−0.140%	$9.9M	$3.5M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1000%	1h	3.0044	−0.027%	$52K	$36K	20x	as long as short