NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.030%

Price spread now: Phemex against SunX−0.073%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1151.154% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.073%, 7d avg −0.067%

Together, before fees+0.242%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NATGAS-USDT	3.0052	0	get 0.0000% / 4h	5m 41s	$2K	$2.4M	20x
Short	Phemex NGUSDT	3.0030	0.0100	get 0.0050% / 4h	5m 41s	$1.5M	$90K	10x

Funding history

latest

Range statsloading…

Phemex against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee SunXbpFee PhemexbpOrdersPrice spread, now −0.073%Rate

Slippage from SunX: live order book, 1 min ago; Phemex: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 1 min ago	15.14 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	3.33 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit

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
SunX NATGAS-USDTlong	0.0000%	4h	3.0052	long leg	$2K	$2.4M	20x
HTX NATGAS-USDT	0.0000%	4h	3.0078	+0.087%	$119K	$221K	75x	as long as short
QFEX NATGAS-USD	+0.0004%	1h	3.0030	−0.073%	$659K	$96K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0036	−0.053%	$631K	$495K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0027	−0.084%	$109K	$273K	5x	as long as short
GRVT NATGAS_USDT_Perp	+0.0044%	4h	3.0005	−0.155%	$15K	$222K	25x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	−0.073%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0031	−0.070%	$6.0M	$5.3M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0015	−0.123%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0051%	8h	3.0045	−0.024%	$5K	—	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	+0.0096%	1h	3.0034	−0.060%	$35K	—	20x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0014	−0.126%	$69K	$32K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.173%	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.173%	$3K	$544	10x	as long as short
Phemex NGUSDTshort	+0.0100%	4h	3.0030	−0.073%	$1.5M	$90K	10x
KuCoin NATGASUSDTM	+0.0140%	4h	3.0020	−0.106%	$1.0M	$864K	20x	as long as short
Aster NATGASUSDT	+0.0147%	4h	3.0040	−0.040%	$264K	$69K	50x	as long as short
Variational Omni NATGAS	+0.0339%	4h	3.0031	−0.070%	$318K	$390K	—	as long as short
Binance NATGASUSDT	+0.0362%	4h	3.0030	−0.073%	$10.4M	$28.6M	100x	as long as short
edgeX NATGASUSDC	+0.0387%	4h	3.0037	−0.051%	$85K	$212K	20x	as long as short
BloFin NG-USDT	+0.0536%	8h	3.0000	−0.173%	$80K	$198K	20x	as long as short
OKX NG-USDT-SWAP	+0.0551%	8h	3.0020	−0.106%	$802K	$1.9M	50x	as long as short
Gate NG_USDT	+0.0569%	8h	3.0060	+0.027%	$1.5M	$197K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0591% / S −0.0607%	1h	3.0035	−0.057%	$88K	—	45x	as long as short
Bitget NATGASUSDT	+0.0826%	4h	3.0010	−0.140%	$9.9M	$3.0M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0862%	1h	3.0050	−0.007%	$56K	$35K	20x	as long as short