Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni+0.132%51s7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.132% dearer against ApeX Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NATGASUSDT	2.9900	0.0100	pay 0.0013% / 1h	22m 30s	$36K	$217K	50x
Short	Pacifica NATGAS	2.9940	0.0100	get 0.0013% / 1h	22m 30s	$68K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX Omni. 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 ApeX OmnibpFee PacificabpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → 0.000%: $13.24
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$4.76
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 54 min ago; Pacifica: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 54 min ago	16.69 bp	54.7 bp −$55	263.4 bp −$2,634	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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 26 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
Hotstuff NATGAS-PERP	−0.0008%	1h	2.9947	+0.157%	$35K	—	20x	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9971	+0.237%	$2K	$2.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	2.9987	+0.291%	$98K	$213K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0008%	4h	2.9943	+0.145%	$13K	$238K	25x	as long as short
QFEX NATGAS-USD	+0.0030%	1h	2.9950	+0.167%	$657K	$86K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9964	+0.214%	$619K	$416K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9950	+0.167%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9949	+0.164%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9974	+0.247%	$84K	$43K	10x	as long as short
Paradex NG-USD-PERP	+0.0068%	8h	2.9952	+0.173%	$5K	—	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XNG-USD	+0.0080%	1h	2.9938	+0.127%	$110K	$453K	5x	as long as short
Pacifica NATGASshort	+0.0100%	1h	2.9940	+0.132%	$68K	$33K	10x
KuCoin NATGASUSDTM	+0.0100%	4h	2.9950	+0.167%	$1.0M	$1.2M	20x	as long as short
ApeX Omni NATGASUSDTlong	+0.0100%	1h	2.9900	long leg	$36K	$217K	50x
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.334%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9960	+0.201%	$1.5M	$97K	10x	as long as short
Aster NATGASUSDT	+0.0108%	4h	2.9960	+0.201%	$265K	$73K	50x	as long as short
BloFin NG-USDT	+0.0148%	8h	2.9940	+0.134%	$80K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0151%	8h	2.9950	+0.167%	$858K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0152%	4h	2.9952	+0.172%	$311K	$443K	—	as long as short
Gate NG_USDT	+0.0178%	8h	2.9970	+0.234%	$1.5M	$285K	100x	as long as short
Binance NATGASUSDT	+0.0228%	4h	2.9955	+0.183%	$10.1M	$30.0M	100x	as long as short
edgeX NATGASUSDC	+0.0265%	4h	2.9952	+0.172%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.0316%	4h	2.9930	+0.100%	$10.0M	$3.7M	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9955	+0.184%	$93K	—	45x	as long as short
Kraken Futures PF_NATGASUSD	+0.1217%	1h	2.9970	+0.234%	$52K	$39K	20x	as long as short