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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.006%
Price spread now: Paradex against Extended+0.059%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 airdropExtended: Active · Paradex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.059% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD3.00670.0032pay 0.0004% / 1h9m 53s$110K$333K5x
ShortParadex NG-USD-PERP3.00850.0063get 0.0063% / 8h2h 09m$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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
$6.61
Price spread: +0.059% → 0.000%
$5.89
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Paradex: 2 bp × 2 orders
−$4
Net
$3.5
Costs to cover
0.090%
Break-even
3.3 days
Slippage unknown: Extended: live order book, 38 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 38 min ago0.83 bp3.9 bp −$48.8 bp −$88doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8471−5.309%as long as short
SunX NATGAS-USDT0.0000%4h3.0092+0.083%$2K$2.4M20xas long as short
Hotstuff NATGAS-PERP+0.0016%1h3.0073+0.019%$35K20xas long as short
Lighter NATGAS+0.0032%1h3.0072+0.016%$629K$504K10xas long as short
Extended XNG-USDlong+0.0032%1h3.0067long leg$110K$333K5x
QFEX NATGAS-USD+0.0033%1h3.0070+0.009%$660K$96K20xas long as short
Vest NG-PERP+0.0046%1h3.0070+0.009%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0049−0.060%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0060%1h3.0071+0.013%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERPshort+0.0063%8h3.0085+0.059%$5K5x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0072+0.017%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.223%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.223%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070+0.009%$1.5M$93K10xas long as short
HTX NATGAS-USDT+0.0139%4h3.0080+0.043%$107K$212K75xas long as short
GRVT NATGAS_USDT_Perp+0.0182%4h3.0050−0.057%$13K$212K25xas long as short
KuCoin NATGASUSDTM+0.0320%4h3.0060−0.024%$1.0M$946K20xas long as short
Aster NATGASUSDT+0.0344%4h3.0091+0.080%$265K$75K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0527% / S −0.0528%1h3.0075+0.026%$88K45xas long as short
Variational Omni NATGAS+0.0561%4h3.0060−0.025%$317K$432Kas long as short
Binance NATGASUSDT+0.0587%4h3.0070+0.009%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0608%4h3.0060−0.024%$85K$211K20xas long as short
Gate NG_USDT+0.0608%8h3.0100+0.109%$1.5M$196K100xas long as short
BloFin NG-USDT+0.0644%8h3.0060−0.024%$82K$195K20xas long as short
OKX NG-USDT-SWAP+0.0652%8h3.0050−0.057%$868K$1.7M50xas long as short
Bitget NATGASUSDT+0.0992%4h3.0040−0.090%$9.9M$3.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.1180%1h3.0096+0.094%$56K$35K20xas long as short