Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0600%/8h= −65.7% APRpaid last 24h −0.131%

Price spread now: gTrade (Gains Network) against edgeX−5.377%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and gTrade (Gains Network) is 5.377% cheaper against edgeX than usual: you would sell low and buy high (−$538 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NATGASUSDC	3.0010	0.0600	pay 0.0300% / 4h	3h 38m	$85K	$212K	20x
Short	gTrade (Gains Network) NATGAS/USD	2.8396	L 0.0000% / S 0.0000%	pay 0.0000% / 1h	38m 51s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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 edgeXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −5.377%Rate

Funding earned: −$125.95
Price spread: −5.377% → 0.000%: −$537.74
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$682.69
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 13 min ago; gTrade (Gains Network): 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 edgeX live order book, 13 min ago	13.32 bp	33.8 bp −$34	41.5 bp −$415	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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/USDshort	L 0.0000% / S 0.0000%	1h	2.8396	−5.377%	—	—	—
SunX NATGAS-USDT	0.0000%	4h	3.0032	+0.074%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0010	+0.001%	$668K	$91K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0006	−0.013%	$626K	$501K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9998	−0.041%	$110K	$395K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	+0.001%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9999	−0.036%	$82K	$26K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0056%	1h	3.0006	−0.013%	$6.0M	$5.7M	10x	as long as short
Paradex NG-USD-PERP	+0.0074%	8h	3.0023	+0.045%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9985	−0.083%	$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	−0.033%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.033%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0010	+0.001%	$1.5M	$93K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0136%	1h	3.0011	+0.004%	$35K	—	20x	as long as short
KuCoin NATGASUSDTM	+0.0326%	4h	3.0010	+0.001%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0374%	4h	3.0038	+0.094%	$263K	$74K	50x	as long as short
HTX NATGAS-USDT	+0.0386%	4h	3.0055	+0.151%	$107K	$213K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0468%	4h	3.0020	+0.034%	$12K	$230K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0472% / S −0.0414%	1h	3.0015	+0.017%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0531%	8h	3.0050	+0.134%	$1.5M	$192K	100x	as long as short
BloFin NG-USDT	+0.0538%	8h	3.0020	+0.034%	$81K	$193K	20x	as long as short
OKX NG-USDT-SWAP	+0.0558%	8h	3.0020	+0.034%	$863K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0576%	4h	3.0020	+0.033%	$316K	$449K	—	as long as short
Binance NATGASUSDT	+0.0597%	4h	3.0018	+0.028%	$10.2M	$28.4M	100x	as long as short
edgeX NATGASUSDClong	+0.0600%	4h	3.0010	long leg	$85K	$212K	20x
Kraken Futures PF_NATGASUSD	+0.0856%	1h	3.0032	+0.074%	$55K	$35K	20x	as long as short
Bitget NATGASUSDT	+0.0978%	4h	2.9990	−0.066%	$9.9M	$3.2M	100x	as long as short