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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.021%
Price spread now: SunX against Extended+0.113%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$550.548% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.244%−$24 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.113%, 7d avg +0.071%
Together, before fees−0.257%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.042% dearer against Extended than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of +0.071%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XNG-USD3.00380.0216pay 0.0027% / 1h4m 31s$110K$364K5x
ShortSunX NATGAS-USDT3.00720get 0.0000% / 4h3h 04m$2K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$45.36
Price spread: +0.113% → +0.071%
$4.18
Slippage, 4 orders
−$41.81
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$95.99
Costs to cover
0.548%
Break-even
never at this rate
Slippage from Extended: live order book, 48 min ago; SunX: live order book, 2 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 Extended live order book, 48 min ago0.33 bp3.8 bp −$48.6 bp −$86doesn't fitdoesn't fit
Sell SunX live order book, 2 min ago15.12 bp28.1 bp −$28doesn't fitdoesn't fitdoesn't fit

NATGAS on 26 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
SunX NATGAS-USDTshort0.0000%4h3.0072+0.113%$2K$2.4M20x
QFEX NATGAS-USD+0.0009%1h3.0040+0.006%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0045+0.023%$629K$503K10xas long as short
Hotstuff NATGAS-PERP+0.0032%1h3.0047+0.030%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0050+0.040%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0080+0.139%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0095%1h3.0051+0.043%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0096%8h3.0066+0.092%$5K5xas long as short
Pacifica NATGAS+0.0100%1h3.0040+0.006%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.127%$37K$218K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.127%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0050+0.040%$1.5M$93K10xas long as short
Extended XNG-USDlong+0.0216%1h3.0038long leg$110K$364K5x
KuCoin NATGASUSDTM+0.0364%4h3.0040+0.006%$1.0M$982K20xas long as short
Aster NATGASUSDT+0.0432%4h3.0060+0.073%$264K$74K50xas long as short
GRVT NATGAS_USDT_Perp+0.0448%4h3.0050+0.040%$13K$223K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0497% / S −0.0441%1h3.0055+0.056%$92K45xas long as short
HTX NATGAS-USDT+0.0506%4h3.0073+0.116%$107K$212K75xas long as short
Gate NG_USDT+0.0556%8h3.0090+0.173%$1.5M$193K100xas long as short
BloFin NG-USDT+0.0603%8h3.0060+0.073%$81K$195K20xas long as short
OKX NG-USDT-SWAP+0.0611%8h3.0050+0.040%$867K$1.7M50xas long as short
Variational Omni NATGAS+0.0642%4h3.0060+0.072%$317K$449Kas long as short
Binance NATGASUSDT+0.0665%4h3.0050+0.040%$10.3M$28.2M100xas long as short
edgeX NATGASUSDC+0.0676%4h3.0070+0.105%$85K$212K20xas long as short
Kraken Futures PF_NATGASUSD+0.0855%1h3.0067+0.095%$56K$35K20xas long as short
Bitget NATGASUSDT+0.1038%4h3.0020−0.060%$9.9M$3.2M100xas long as short