Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0342%/8h= −37.4% APRpaid last 24h −0.110%

Price spread now: Pacifica against BloFin+0.117%94s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.309%−$31 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

The price spread pays, funding is against you. Pacifica is 0.117% dearer against BloFin than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.309% in total) that is about 2.7 days. The two prices were read 94 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	BloFin NG-USDT	2.9910	0.0442	pay 0.0442% / 8h	2h 01m	$84K	$190K	20x
Short	Pacifica NATGAS	2.9945	0.0100	get 0.0013% / 1h	1m 20s	$68K	$34K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now +0.117%Rate

Funding earned: −$71.72
Price spread: +0.117% → 0.000%: $11.72
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$80
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 13 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 BloFin live order book, 13 min ago	1.67 bp	13.9 bp −$14	15.3 bp −$153	78.5 bp −$7,848	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
SunX NATGAS-USDT	0.0000%	4h	2.9962	+0.174%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0024%	1h	2.9930	+0.067%	$656K	$120K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9950	+0.134%	$618K	$412K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.8310	−5.349%	—	$378	10x	as long as short
Pacifica NATGASshort	+0.0100%	1h	2.9945	+0.117%	$68K	$34K	10x
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.033%	$36K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.033%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9940	+0.100%	$1.5M	$104K	10x	as long as short
Paradex NG-USD-PERP	+0.0223%	8h	2.9969	+0.196%	$5K	—	5x	as long as short
Gate NG_USDT	+0.0233%	8h	2.9960	+0.167%	$1.5M	$385K	100x	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	+0.0336%	1h	2.9923	+0.044%	$113K	$1.2M	5x	as long as short
Hotstuff NATGAS-PERP	+0.0384%	1h	2.9955	+0.150%	$35K	—	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0416% / S −0.0333%	1h	2.9945	+0.117%	$93K	—	25x	as long as short
BloFin NG-USDTlong	+0.0442%	8h	2.9910	long leg	$84K	$190K	20x
OKX NG-USDT-SWAP	+0.0451%	8h	2.9920	+0.033%	$895K	$1.8M	50x	as long as short
tradeXYZ xyz:NATGAS	+0.0463%	1h	2.9952	+0.140%	$5.9M	$6.8M	10x	as long as short
KuCoin NATGASUSDTM	+0.0494%	4h	2.9910	0.000%	$1.0M	$1.3M	20x	as long as short
Ondo Perps NATGAS-USD.P	+0.0510%	1h	2.9929	+0.064%	$84K	$66K	10x	as long as short
HTX NATGAS-USDT	+0.0768%	4h	2.9966	+0.187%	$98K	$219K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0852%	4h	2.9940	+0.100%	$13K	$255K	25x	as long as short
Variational Omni NATGAS	+0.0853%	4h	2.9944	+0.113%	$310K	$491K	—	as long as short
Aster NATGASUSDT	+0.0859%	4h	2.9940	+0.100%	$265K	$105K	50x	as long as short
Binance NATGASUSDT	+0.0924%	4h	2.9945	+0.118%	$10.1M	$33.1M	100x	as long as short
edgeX NATGASUSDC	+0.0930%	4h	2.9944	+0.113%	$85K	$213K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.1128%	1h	2.9966	+0.188%	$52K	$55K	20x	as long as short
Bitget NATGASUSDT	+0.1186%	4h	2.9910	0.000%	$9.9M	$4.4M	100x	as long as short