Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0535%/8h= −58.6% APRpaid last 24h −0.098%

Price spread now: Paradex against Binance+0.052%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Paradex

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 · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.052% dearer against Binance than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NATGASUSDT	3.0030	0.0588	pay 0.0294% / 4h	9m 32s	$10.2M	$28.5M	100x
Short	Paradex NG-USD-PERP	3.0045	0.0054	get 0.0054% / 8h	4h 09m	$5K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$112.33
Price spread: +0.052% → 0.000%: $5.15
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$121.18
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; Paradex: 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 Binance live order book, 2 min ago	1.66 bp	6.7 bp −$7	10.5 bp −$105	45.4 bp −$4,541	154.1 bp −$77.0K
Sell Paradex no order-book sample	—	—	—	—	—

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 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	2.8451	−5.258%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0042	+0.040%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0022%	1h	3.0020	−0.033%	$669K	$91K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0021	−0.030%	$619K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0021	−0.028%	$110K	$405K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	0.000%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0030	0.000%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERPshort	+0.0054%	8h	3.0045	+0.052%	$5K	—	5x
tradeXYZ xyz:NATGAS	+0.0069%	1h	3.0025	−0.017%	$6.0M	$5.7M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0013	−0.057%	$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
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.100%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.100%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	0.000%	$1.5M	$93K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0152%	1h	3.0028	−0.007%	$35K	—	20x	as long as short
HTX NATGAS-USDT	+0.0160%	4h	3.0043	+0.043%	$105K	$210K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0306%	4h	3.0030	+0.001%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTM	+0.0322%	4h	3.0020	−0.033%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0367%	4h	3.0020	−0.033%	$265K	$72K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0459% / S −0.0399%	1h	3.0035	+0.017%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0494%	8h	3.0070	+0.133%	$1.5M	$194K	100x	as long as short
OKX NG-USDT-SWAP	+0.0513%	8h	3.0030	0.000%	$861K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0537%	8h	3.0040	+0.033%	$81K	$192K	20x	as long as short
Variational Omni NATGAS	+0.0574%	4h	3.0029	−0.002%	$317K	$449K	—	as long as short
Binance NATGASUSDTlong	+0.0588%	4h	3.0030	long leg	$10.2M	$28.5M	100x
edgeX NATGASUSDC	+0.0606%	4h	3.0030	+0.002%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.0968%	4h	3.0010	−0.067%	$9.9M	$3.3M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0994%	1h	3.0040	+0.033%	$54K	$33K	20x	as long as short