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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.016%
Price spread now: gTrade (Gains Network) against Paradex−5.406%103s7-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 1 day (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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 5.406% cheaper against Paradex than usual: you would sell low and buy high (−$541 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex NG-USD-PERP3.00880.0055pay 0.0055% / 8h1h 24m$5K5x
ShortgTrade (Gains Network) NATGAS/USD2.8461L 0.0000% / S 0.0000%pay 0.0000% / 1h24m 19s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$11.56
Price spread: −5.406% → 0.000%
−$540.65
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$566.2
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): 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 Paradex no order-book sample
Sell gTrade (Gains Network) no order-book sample
Paradex and gTrade (Gains Network): 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/USDshortL 0.0000% / S 0.0000%1h2.8461−5.406%
SunX NATGAS-USDT0.0000%4h3.0092+0.014%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0070−0.059%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0080−0.026%$630K$502K10xas long as short
Extended XNG-USD+0.0032%1h3.0067−0.068%$111K$283K5xas long as short
Vest NG-PERP+0.0046%1h3.0070−0.059%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0069−0.062%$6.0M$5.4M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0056−0.105%$83K$26K10xas long as short
Paradex NG-USD-PERPlong+0.0055%8h3.0088long leg$5K5x
HTX NATGAS-USDT+0.0055%4h3.0087−0.002%$107K$201K75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGAS+0.0100%1h3.0052−0.119%$68K$33K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.041%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0100+0.041%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070−0.059%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0152%4h3.0064−0.079%$22K$210K25xas long as short
Hotstuff NATGAS-PERP+0.0224%1h3.0078−0.032%$35K20xas long as short
KuCoin NATGASUSDTM+0.0260%4h3.0050−0.125%$1.0M$915K20xas long as short
Aster NATGASUSDT+0.0285%4h3.0094+0.021%$265K$70K50xas long as short
Variational Omni NATGAS+0.0508%4h3.0070−0.060%$319K$393Kas long as short
Binance NATGASUSDT+0.0527%4h3.0070−0.059%$10.3M$28.6M100xas long as short
edgeX NATGASUSDC+0.0547%4h3.0070−0.060%$85K$211K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0553% / S −0.0560%1h3.0075−0.042%$88K45xas long as short
Gate NG_USDT+0.0626%8h3.0090+0.008%$1.5M$196K100xas long as short
BloFin NG-USDT+0.0630%8h3.0050−0.125%$83K$198K20xas long as short
OKX NG-USDT-SWAP+0.0654%8h3.0080−0.026%$877K$1.8M50xas long as short
Bitget NATGASUSDT+0.0958%4h3.0040−0.158%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0986%1h3.0086−0.005%$56K$35K20xas long as short