Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0112%/8h= +12.2% APRpaid last 24h +0.056%

Price spread now: Aster against Paradex−0.134%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.134% cheaper against Paradex than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NG-USD-PERP	3.0065	0.0071	pay 0.0071% / 8h	6h 35m	$5K	—	5x
Short	Aster NATGASUSDT	3.0025	0.0182	get 0.0091% / 4h	2h 35m	$266K	$73K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now −0.134%Rate

Funding earned: $23.42
Price spread: −0.134% → 0.000%: −$13.38
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1.96
Costs to cover: 0.120%
Break-even: 7.6 days

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 31 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 31 min ago	6.66 bp	13.8 bp −$14	16.0 bp −$160	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8400	−5.539%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0062	−0.011%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0030	−0.118%	$659K	$86K	20x	as long as short
Hotstuff NATGAS-PERP	+0.0024%	1h	3.0032	−0.111%	$35K	—	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	−0.118%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0030	−0.118%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0061	−0.015%	$82K	$27K	10x	as long as short
Paradex NG-USD-PERPlong	+0.0071%	8h	3.0065	long leg	$5K	—	5x
Extended XNG-USD	+0.0072%	1h	3.0016	−0.165%	$110K	$450K	5x	as long as short
Lighter NATGAS	+0.0080%	1h	3.0039	−0.088%	$618K	$444K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	3.0035	−0.101%	$68K	$33K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	3.0030	−0.118%	$1.0M	$1.1M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.218%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.218%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0040	−0.085%	$1.5M	$94K	10x	as long as short
Aster NATGASUSDTshort	+0.0182%	4h	3.0025	−0.134%	$266K	$73K	50x
HTX NATGAS-USDT	+0.0265%	4h	3.0061	−0.015%	$98K	$213K	75x	as long as short
BloFin NG-USDT	+0.0307%	8h	2.9980	−0.284%	$81K	$188K	20x	as long as short
Variational Omni NATGAS	+0.0316%	4h	3.0040	−0.083%	$312K	$443K	—	as long as short
OKX NG-USDT-SWAP	+0.0330%	8h	3.0020	−0.151%	$868K	$1.7M	50x	as long as short
edgeX NATGASUSDC	+0.0364%	4h	3.0040	−0.085%	$85K	$212K	20x	as long as short
Binance NATGASUSDT	+0.0387%	4h	3.0040	−0.085%	$10.1M	$29.1M	100x	as long as short
GRVT NATGAS_USDT_Perp	+0.0406%	4h	3.0040	−0.086%	$12K	$214K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0420% / S −0.0356%	1h	3.0045	−0.068%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0424%	8h	3.0060	−0.018%	$1.5M	$219K	100x	as long as short
Bitget NATGASUSDT	+0.0612%	4h	3.0010	−0.184%	$9.9M	$3.5M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0824%	1h	3.0065	−0.002%	$54K	$37K	20x	as long as short