Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.043%

Price spread now: Aster against Pacifica+0.013%48s7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Aster

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 airdropPacifica: Active · Aster: Stage 5 · 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: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NATGAS	3.0003	0.0100	pay 0.0013% / 1h	45m 50s	$68K	$33K	10x
Short	Aster NATGASUSDT	3.0007	0.0407	get 0.0204% / 4h	45m 50s	$265K	$73K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.013%Rate

Funding earned: $64.49
Price spread: +0.013% → 0.000%: $1.3
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $49.79
Costs to cover: 0.160%
Break-even: 1.6 days

Slippage unknown: Pacifica: no order-book sample; Aster: live order book, 11 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 Aster live order book, 11 min ago	6.66 bp	13.9 bp −$14	16.5 bp −$165	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	2.8434	−5.229%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0032	+0.097%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0022%	1h	3.0010	+0.023%	$659K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0018	+0.050%	$619K	$494K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	+0.023%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0030	+0.090%	$82K	$26K	10x	as long as short
Extended XNG-USD	+0.0056%	1h	3.0006	+0.009%	$110K	$443K	5x	as long as short
Paradex NG-USD-PERP	+0.0057%	8h	3.0009	+0.020%	$5K	—	5x	as long as short
Hotstuff NATGAS-PERP	+0.0088%	1h	3.0015	+0.040%	$35K	—	20x	as long as short
tradeXYZ xyz:NATGAS	+0.0099%	1h	3.0014	+0.037%	$6.0M	$5.9M	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	3.0003	long leg	$68K	$33K	10x
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.010%	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.010%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.057%	$1.5M	$95K	10x	as long as short
HTX NATGAS-USDT	+0.0219%	4h	3.0033	+0.100%	$105K	$213K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0362%	4h	3.0000	−0.009%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTM	+0.0364%	4h	3.0000	−0.010%	$1.1M	$1.0M	20x	as long as short
Aster NATGASUSDTshort	+0.0407%	4h	3.0007	+0.013%	$265K	$73K	50x
Gate NG_USDT	+0.0443%	8h	3.0040	+0.123%	$1.5M	$189K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0446% / S −0.0385%	1h	3.0015	+0.040%	$92K	—	45x	as long as short
BloFin NG-USDT	+0.0469%	8h	2.9990	−0.043%	$81K	$188K	20x	as long as short
OKX NG-USDT-SWAP	+0.0475%	8h	3.0000	−0.010%	$853K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0594%	4h	3.0009	+0.021%	$311K	$444K	—	as long as short
Binance NATGASUSDT	+0.0618%	4h	3.0010	+0.023%	$10.2M	$28.6M	100x	as long as short
edgeX NATGASUSDC	+0.0621%	4h	3.0010	+0.022%	$85K	$213K	20x	as long as short
Bitget NATGASUSDT	+0.0994%	4h	2.9990	−0.043%	$9.9M	$3.3M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0994%	1h	3.0026	+0.077%	$53K	$34K	20x	as long as short