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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: gTrade (Gains Network) against SunX−5.425%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 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 5.425% cheaper against SunX than usual: you would sell low and buy high, −$543 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NATGAS-USDT3.00820get 0.0000% / 4h32m 46s$2K$2.4M20x
ShortgTrade (Gains Network) NATGAS/USD2.8450L 0.0000% / S 0.0000%pay 0.0000% / 1h32m 46s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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
−$0.04
Price spread: −5.425% → 0.000%
−$542.52
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$560.56
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 4 min ago; 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 SunX live order book, 4 min ago15.13 bp19.5 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
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
Hotstuff NATGAS-PERP−0.0088%1h3.0072−0.033%$35K20xas long as short
gTrade (Gains Network) NATGAS/USDshortL 0.0000% / S 0.0000%1h2.8450−5.425%
SunX NATGAS-USDTlong0.0000%4h3.0082long leg$2K$2.4M20x
HTX NATGAS-USDT0.0000%4h3.0073−0.030%$117K$216K75xas long as short
QFEX NATGAS-USD+0.0004%1h3.0070−0.040%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0079−0.010%$632K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0068−0.047%$111K$271K5xas long as short
Vest NG-PERP+0.0046%1h3.0070−0.040%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0078−0.013%$6.0M$5.2M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0081−0.003%$83K$26K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0051%8h3.0074−0.028%$5K5xas long as short
GRVT NATGAS_USDT_Perp+0.0076%4h3.0050−0.106%$15K$222K25xas long as short
Pacifica NATGAS+0.0100%1h3.0064−0.061%$70K$32K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.273%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.273%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0080−0.007%$1.5M$91K10xas long as short
KuCoin NATGASUSDTM+0.0170%4h3.0060−0.073%$1.0M$886K20xas long as short
Aster NATGASUSDT+0.0185%4h3.0065−0.055%$265K$65K50xas long as short
Variational Omni NATGAS+0.0402%4h3.0069−0.043%$319K$390Kas long as short
Binance NATGASUSDT+0.0421%4h3.0070−0.040%$10.4M$28.5M100xas long as short
edgeX NATGASUSDC+0.0441%4h3.0054−0.093%$85K$212K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0577% / S −0.0589%1h3.0075−0.023%$88K45xas long as short
Gate NG_USDT+0.0579%8h3.0090+0.027%$1.5M$195K100xas long as short
BloFin NG-USDT+0.0615%8h3.0060−0.073%$82K$198K20xas long as short
OKX NG-USDT-SWAP+0.0619%8h3.0050−0.106%$854K$1.8M50xas long as short
Kraken Futures PF_NATGASUSD+0.0860%1h3.0090+0.028%$56K$36K20xas long as short
Bitget NATGASUSDT+0.0870%4h3.0040−0.140%$9.9M$3.0M100xas long as short