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−0.0050%/8h= −5.5% APRpaid last 24h −0.021%
Price spread now: SunX against Ondo Perps+0.143%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 7 days−0.232%−$23 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
The price spread pays, funding is against you. SunX is 0.143% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.143% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.5 days. At the pace of the last 7 days (−0.232% in total) that is about 4.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps NATGAS-USD.P2.99990.0050pay 0.0006% / 1h37m 17s$82K$26K10x
ShortSunX NATGAS-USDT3.00420get 0.0000% / 4h3h 37m$2K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Ondo Perps. 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
−$10.58
Price spread: +0.143% → 0.000%
$14.33
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$9.25
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 10 min ago. 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 Ondo Perps no order-book sample
Sell SunX live order book, 10 min ago14.98 bp27.7 bp −$28doesn't fitdoesn't fitdoesn't fit
Ondo Perps: 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%1h2.8404−5.317%as long as short
SunX NATGAS-USDTshort0.0000%4h3.0042+0.143%$2K$2.4M20x
Hotstuff NATGAS-PERP+0.0008%1h3.0009+0.033%$35K20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0020+0.070%$669K$91K20xas long as short
Lighter NATGAS+0.0032%1h3.0002+0.010%$626K$501K10xas long as short
Extended XNG-USD+0.0032%1h3.0001+0.007%$110K$391K5xas long as short
Vest NG-PERP+0.0046%1h3.0010+0.037%$14K10xas long as short
Ondo Perps NATGAS-USD.Plong+0.0050%1h2.9999long leg$82K$26K10x
tradeXYZ xyz:NATGAS+0.0063%1h3.0015+0.053%$6.0M$5.7M10xas long as short
Paradex NG-USD-PERP+0.0073%8h3.0024+0.082%$5K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h2.9991−0.027%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000+0.003%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.003%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+0.070%$1.5M$93K10xas long as short
KuCoin NATGASUSDTM+0.0328%4h3.0010+0.037%$1.0M$1.0M20xas long as short
Aster NATGASUSDT+0.0376%4h3.0040+0.137%$263K$74K50xas long as short
HTX NATGAS-USDT+0.0397%4h3.0055+0.187%$107K$213K75xas long as short
GRVT NATGAS_USDT_Perp+0.0444%4h3.0019+0.068%$12K$230K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0473% / S −0.0415%1h3.0025+0.087%$92K45xas long as short
Gate NG_USDT+0.0531%8h3.0050+0.170%$1.5M$192K100xas long as short
BloFin NG-USDT+0.0547%8h3.0040+0.137%$81K$194K20xas long as short
OKX NG-USDT-SWAP+0.0560%8h3.0010+0.037%$861K$1.7M50xas long as short
Variational Omni NATGAS+0.0576%4h3.0020+0.069%$316K$449Kas long as short
edgeX NATGASUSDC+0.0598%4h3.0012+0.044%$85K$212K20xas long as short
Binance NATGASUSDT+0.0598%4h3.0026+0.090%$10.2M$28.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.0856%1h3.0038+0.131%$56K$35K20xas long as short
Bitget NATGASUSDT+0.0978%4h2.9990−0.030%$9.9M$3.2M100xas long as short