Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: SunX against Vest+0.106%7-day average — · you sell dearer than you buy

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

Long on Vest Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. SunX is 0.106% dearer against Vest than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NG-PERP	3.0050	0.0046	pay 0.0006% / 1h	33m 06s	—	$14K	10x
Short	SunX NATGAS-USDT	3.0082	0	get 0.0000% / 4h	33m 06s	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Vest. 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 VestbpFee SunXbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$9.59
Price spread: +0.106% → 0.000%: $10.65
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee SunX: 4 bp × 2 orders: −$8
Net: −$8.94
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; SunX: live order book, 4 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 Vest no order-book sample	—	—	—	—	—
Sell SunX live order book, 4 min ago	15.13 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit

Vest: 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	2.8476	−5.238%	—	—	—	as long as short
SunX NATGAS-USDTshort	0.0000%	4h	3.0082	+0.106%	$2K	$2.4M	20x
QFEX NATGAS-USD	+0.0022%	1h	3.0050	0.000%	$659K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0050	0.000%	$619K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0038	−0.040%	$110K	$428K	5x	as long as short
Hotstuff NATGAS-PERP	+0.0040%	1h	3.0058	+0.027%	$35K	—	20x	as long as short
Vest NG-PERPlong	+0.0046%	1h	3.0050	long leg	—	$14K	10x
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0040	−0.033%	$83K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0055%	8h	3.0064	+0.046%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0045	−0.017%	$68K	$33K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.166%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.166%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0060	+0.033%	$1.5M	$94K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0118%	1h	3.0055	+0.017%	$6.0M	$5.9M	10x	as long as short
HTX NATGAS-USDT	+0.0217%	4h	3.0070	+0.067%	$105K	$212K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0348%	4h	3.0041	−0.031%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTM	+0.0374%	4h	3.0040	−0.033%	$1.1M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0408%	4h	3.0044	−0.019%	$266K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0453% / S −0.0393%	1h	3.0065	+0.050%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0458%	8h	3.0080	+0.100%	$1.5M	$192K	100x	as long as short
BloFin NG-USDT	+0.0468%	8h	3.0050	0.000%	$80K	$188K	20x	as long as short
OKX NG-USDT-SWAP	+0.0492%	8h	3.0050	0.000%	$855K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0601%	4h	3.0050	−0.001%	$312K	$444K	—	as long as short
Binance NATGASUSDT	+0.0625%	4h	3.0063	+0.043%	$10.2M	$28.6M	100x	as long as short
edgeX NATGASUSDC	+0.0635%	4h	3.0050	−0.001%	$85K	$213K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0993%	1h	3.0077	+0.088%	$54K	$34K	20x	as long as short
Bitget NATGASUSDT	+0.1004%	4h	3.0030	−0.067%	$9.9M	$3.3M	100x	as long as short