Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h −0.001%

Price spread now: Pacifica against HTX−0.137%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 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 pays, the price is against you. Pacifica is 0.137% cheaper against HTX than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NATGAS-USDT	3.0085	0.0053	pay 0.0026% / 4h	1h 31m	$107K	$205K	75x
Short	Pacifica NATGAS	3.0044	0.0100	get 0.0013% / 1h	31m 33s	$68K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now −0.137%Rate

Funding earned: $9.96
Price spread: −0.137% → 0.000%: −$13.7
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.74
Costs to cover: 0.200%
Break-even: 23.7 days

Slippage unknown: HTX: live order book, 10 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 HTX live order book, 10 min ago	3.16 bp	11.1 bp −$11	20.9 bp −$209	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 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	2.8454	−5.421%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0028	−0.189%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0002%	1h	3.0060	−0.083%	$660K	$96K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0067	−0.060%	$629K	$502K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0063	−0.074%	$111K	$281K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0070	−0.050%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0034	−0.170%	$83K	$26K	10x	as long as short
HTX NATGAS-USDTlong	+0.0053%	4h	3.0085	long leg	$107K	$205K	75x
Paradex NG-USD-PERP	+0.0056%	8h	3.0088	+0.009%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0061%	1h	3.0067	−0.060%	$6.0M	$5.5M	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	+0.0096%	1h	3.0071	−0.047%	$35K	—	20x	as long as short
Pacifica NATGASshort	+0.0100%	1h	3.0044	−0.137%	$68K	$33K	10x
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.050%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0100	+0.050%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0070	−0.050%	$1.5M	$93K	10x	as long as short
GRVT NATGAS_USDT_Perp	+0.0148%	4h	3.0064	−0.069%	$22K	$210K	25x	as long as short
KuCoin NATGASUSDTM	+0.0276%	4h	3.0050	−0.116%	$1.0M	$921K	20x	as long as short
Aster NATGASUSDT	+0.0291%	4h	3.0093	+0.026%	$265K	$70K	50x	as long as short
Variational Omni NATGAS	+0.0509%	4h	3.0060	−0.084%	$317K	$432K	—	as long as short
Binance NATGASUSDT	+0.0535%	4h	3.0070	−0.050%	$10.3M	$28.6M	100x	as long as short
edgeX NATGASUSDC	+0.0538%	4h	3.0067	−0.059%	$85K	$213K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0549% / S −0.0554%	1h	3.0075	−0.033%	$88K	—	45x	as long as short
Gate NG_USDT	+0.0632%	8h	3.0090	+0.017%	$1.5M	$196K	100x	as long as short
OKX NG-USDT-SWAP	+0.0658%	8h	3.0060	−0.083%	$876K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0661%	8h	3.0060	−0.083%	$83K	$195K	20x	as long as short
Bitget NATGASUSDT	+0.0962%	4h	3.0040	−0.150%	$9.9M	$3.1M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0986%	1h	3.0086	+0.005%	$56K	$35K	20x	as long as short