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−0.0399%/8h= −43.7% APRpaid last 24h −0.133%
Price spread now: Paradex against GMX−0.005%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$12 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NATGAS/USD [ETH-USDC]3.0025L +0.0473% / S −0.0415%pay 0.0059% / 1h37m 12s$92K45x
ShortParadex NG-USD-PERP3.00240.0073get 0.0073% / 8h3h 37m$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against GMX. 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
−$83.88
Price spread: −0.005% → 0.000%
−$0.49
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$100.38
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample
Sell Paradex no order-book sample
GMX and 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%1h2.8404−5.399%as long as short
SunX NATGAS-USDT0.0000%4h3.0042+0.057%$2K$2.4M20xas long as short
Hotstuff NATGAS-PERP+0.0008%1h3.0009−0.053%$35K20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0020−0.017%$669K$91K20xas long as short
Lighter NATGAS+0.0032%1h3.0002−0.077%$626K$501K10xas long as short
Extended XNG-USD+0.0032%1h3.0001−0.080%$110K$391K5xas long as short
Vest NG-PERP+0.0046%1h3.0010−0.050%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9999−0.087%$82K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0063%1h3.0015−0.033%$6.0M$5.7M10xas long as short
Paradex NG-USD-PERPshort+0.0073%8h3.0024−0.005%$5K5x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9991−0.113%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.083%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.083%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020−0.017%$1.5M$93K10xas long as short
KuCoin NATGASUSDTM+0.0328%4h3.0010−0.050%$1.0M$1.0M20xas long as short
Aster NATGASUSDT+0.0376%4h3.0040+0.051%$263K$74K50xas long as short
HTX NATGAS-USDT+0.0397%4h3.0055+0.100%$107K$213K75xas long as short
GRVT NATGAS_USDT_Perp+0.0444%4h3.0019−0.019%$12K$230K25xas long as short
GMX NATGAS/USD [ETH-USDC]longL +0.0473% / S −0.0415%1h3.0025long leg$92K45x
Gate NG_USDT+0.0531%8h3.0050+0.083%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0547%8h3.0040+0.050%$81K$194K20xas long as short
OKX NG-USDT-SWAP+0.0560%8h3.0010−0.050%$861K$1.7M50xas long as short
Variational Omni NATGAS+0.0576%4h3.0020−0.017%$316K$449Kas long as short
edgeX NATGASUSDC+0.0598%4h3.0012−0.043%$85K$212K20xas long as short
Binance NATGASUSDT+0.0598%4h3.0026+0.003%$10.2M$28.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.0856%1h3.0038+0.044%$56K$35K20xas long as short
Bitget NATGASUSDT+0.0978%4h2.9990−0.117%$9.9M$3.2M100xas long as short