Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Pacifica−0.086%51s7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on ApeX Omni

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: ApeX Omni is 0.086% cheaper against Pacifica than usual: you would sell low and buy high, −$9 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	Pacifica NATGAS	3.0026	0.0100	pay 0.0013% / 1h	42m 09s	$68K	$33K	10x
Short	ApeX Omni NATGASUSDT	3.0000	0.0100	get 0.0013% / 1h	42m 09s	$37K	$216K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → 0.000%: −$8.64
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26.64
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; ApeX Omni: live order book, 24 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 24 min ago	16.64 bp	56.4 bp −$56	275.9 bp −$2,759	doesn't fit	doesn't fit

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	2.8395	−5.432%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0052	+0.087%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0030	+0.014%	$659K	$86K	20x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0017	−0.031%	$110K	$450K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	+0.014%	—	$378	10x	as long as short
Hotstuff NATGAS-PERP	+0.0048%	1h	3.0024	−0.006%	$35K	—	20x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0021	−0.016%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0048	+0.073%	$84K	$27K	10x	as long as short
Paradex NG-USD-PERP	+0.0058%	8h	3.0038	+0.040%	$5K	—	5x	as long as short
Lighter NATGAS	+0.0096%	1h	3.0039	+0.043%	$618K	$444K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGASlong	+0.0100%	1h	3.0026	long leg	$68K	$33K	10x
KuCoin NATGASUSDTM	+0.0100%	4h	3.0020	−0.020%	$1.0M	$1.1M	20x	as long as short
ApeX Omni NATGASUSDTshort	+0.0100%	1h	3.0000	−0.086%	$37K	$216K	50x
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.086%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0040	+0.047%	$1.5M	$94K	10x	as long as short
Aster NATGASUSDT	+0.0155%	4h	3.0030	+0.014%	$266K	$73K	50x	as long as short
HTX NATGAS-USDT	+0.0251%	4h	3.0065	+0.130%	$98K	$212K	75x	as long as short
Variational Omni NATGAS	+0.0267%	4h	3.0030	+0.015%	$312K	$443K	—	as long as short
BloFin NG-USDT	+0.0307%	8h	2.9980	−0.153%	$81K	$188K	20x	as long as short
OKX NG-USDT-SWAP	+0.0315%	8h	3.0030	+0.014%	$868K	$1.7M	50x	as long as short
edgeX NATGASUSDC	+0.0349%	4h	3.0019	−0.022%	$85K	$213K	20x	as long as short
Binance NATGASUSDT	+0.0351%	4h	3.0037	+0.038%	$10.1M	$29.1M	100x	as long as short
GRVT NATGAS_USDT_Perp	+0.0390%	4h	3.0022	−0.012%	$12K	$214K	25x	as long as short
Gate NG_USDT	+0.0398%	8h	3.0050	+0.080%	$1.5M	$218K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0418% / S −0.0355%	1h	3.0035	+0.030%	$92K	—	45x	as long as short
Bitget NATGASUSDT	+0.0562%	4h	3.0010	−0.053%	$9.9M	$3.5M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0824%	1h	3.0057	+0.105%	$54K	$37K	20x	as long as short