Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.042%

Price spread now: Pacifica against Aster+0.015%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NATGASUSDT	3.0010	0.0213	pay 0.0107% / 4h	2h 24m	$265K	$73K	50x
Short	Pacifica NATGAS	3.0014	0.0100	get 0.0013% / 1h	24m 15s	$68K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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 AsterbpFee PacificabpOrdersPrice spread, now +0.015%Rate

Funding earned: −$23.74
Price spread: +0.015% → 0.000%: $1.51
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$38.23
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 42 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 Aster live order book, 42 min ago	6.66 bp	61.8 bp −$62	doesn't fit	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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8385	−5.413%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0042	+0.108%	$2K	$2.5M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0020	+0.035%	$659K	$86K	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0020	+0.035%	—	$378	10x	as long as short
Lighter NATGAS	+0.0048%	1h	3.0026	+0.055%	$618K	$445K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0007	−0.008%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0010	+0.002%	$82K	$27K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0072%	1h	3.0013	+0.012%	$35K	—	20x	as long as short
Paradex NG-USD-PERP	+0.0077%	8h	3.0030	+0.068%	$5K	—	5x	as long as short
Extended XNG-USD	+0.0088%	1h	3.0002	−0.027%	$110K	$450K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGASshort	+0.0100%	1h	3.0014	+0.015%	$68K	$33K	10x
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.032%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.032%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.035%	$1.5M	$95K	10x	as long as short
KuCoin NATGASUSDTM	+0.0150%	4h	3.0020	+0.035%	$1.0M	$1.1M	20x	as long as short
Aster NATGASUSDTlong	+0.0213%	4h	3.0010	long leg	$265K	$73K	50x
HTX NATGAS-USDT	+0.0286%	4h	3.0034	+0.082%	$98K	$212K	75x	as long as short
OKX NG-USDT-SWAP	+0.0353%	8h	3.0020	+0.035%	$859K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0357%	4h	3.0020	+0.035%	$311K	$444K	—	as long as short
edgeX NATGASUSDC	+0.0416%	4h	3.0020	+0.035%	$85K	$211K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0420% / S −0.0357%	1h	3.0025	+0.052%	$92K	—	45x	as long as short
Binance NATGASUSDT	+0.0421%	4h	3.0020	+0.035%	$10.2M	$29.1M	100x	as long as short
GRVT NATGAS_USDT_Perp	+0.0442%	4h	3.0016	+0.020%	$12K	$214K	25x	as long as short
Gate NG_USDT	+0.0449%	8h	3.0040	+0.102%	$1.5M	$219K	100x	as long as short
Bitget NATGASUSDT	+0.0672%	4h	3.0000	−0.032%	$9.9M	$3.5M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0825%	1h	3.0033	+0.080%	$54K	$37K	20x	as long as short