NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.012%

Price spread now: Pacifica against Hotstuff−0.033%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Pacifica is 0.033% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff NATGAS-PERP	3.0031	0.0024	pay 0.0003% / 1h	50m 32s	$35K	—	20x
Short	Pacifica NATGAS	3.0021	0.0100	get 0.0013% / 1h	50m 32s	$68K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Hotstuff. 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 HotstuffbpFee PacificabpOrdersPrice spread, now −0.033%Rate

Funding earned: $15.96
Price spread: −0.033% → 0.000%: −$3.33
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$0.37
Costs to cover: 0.130%
Break-even: 7.2 days

Slippage unknown: Hotstuff: no order-book sample; 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

Hotstuff and 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 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	2.8445	−5.281%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0062	+0.103%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0040	+0.030%	$669K	$91K	20x	as long as short
Hotstuff NATGAS-PERPlong	+0.0024%	1h	3.0031	long leg	$35K	—	20x
Lighter NATGAS	+0.0032%	1h	3.0027	−0.013%	$621K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0018	−0.042%	$110K	$404K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	−0.003%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0030	−0.003%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0058%	8h	3.0065	+0.113%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0074%	1h	3.0032	+0.003%	$6.0M	$5.7M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGASshort	+0.0100%	1h	3.0021	−0.033%	$68K	$33K	10x
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.103%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.103%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0050	+0.063%	$1.5M	$93K	10x	as long as short
KuCoin NATGASUSDTM	+0.0328%	4h	3.0030	−0.003%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0364%	4h	3.0040	+0.030%	$264K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0469% / S −0.0411%	1h	3.0045	+0.047%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0519%	8h	3.0080	+0.163%	$1.5M	$191K	100x	as long as short
HTX NATGAS-USDT	+0.0524%	4h	3.0061	+0.100%	$107K	$214K	75x	as long as short
OKX NG-USDT-SWAP	+0.0543%	8h	3.0040	+0.030%	$861K	$1.7M	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0546%	4h	3.0030	−0.003%	$25K	$218K	25x	as long as short
BloFin NG-USDT	+0.0558%	8h	3.0040	+0.030%	$81K	$192K	20x	as long as short
Variational Omni NATGAS	+0.0561%	4h	3.0040	+0.029%	$317K	$449K	—	as long as short
Binance NATGASUSDT	+0.0585%	4h	3.0047	+0.053%	$10.2M	$28.4M	100x	as long as short
edgeX NATGASUSDC	+0.0587%	4h	3.0040	+0.029%	$85K	$212K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0855%	1h	3.0054	+0.078%	$54K	$33K	20x	as long as short
Bitget NATGASUSDT	+0.0976%	4h	3.0010	−0.070%	$9.9M	$3.2M	100x	as long as short