Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0523%/8h= +57.3% APRpaid last 24h +0.087%
Price spread now: edgeX against Pacifica+0.127%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.148%+$15 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · edgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and edgeX is 0.127% dearer against Pacifica than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NATGAS2.99710.0100pay 0.0013% / 1h8m 47s$68K$33K10x
ShortedgeX NATGASUSDC3.00090.0623get 0.0311% / 4h1h 08m$85K$212K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$109.83
Price spread: +0.127% → 0.000%
$12.73
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$105.55
Costs to cover
0.170%
Break-even
0.3 days
Slippage unknown: Pacifica: no order-book sample; edgeX: live order book, 53 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica no order-book sample
Sell edgeX live order book, 53 min ago13.34 bp21.1 bp −$2129.1 bp −$291doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8416−5.188%as long as short
SunX NATGAS-USDT0.0000%4h3.0022+0.170%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0019%1h2.9990+0.063%$658K$85K20xas long as short
Lighter NATGAS+0.0032%1h2.9988+0.057%$618K$494K10xas long as short
Hotstuff NATGAS-PERP+0.0040%1h2.9996+0.083%$35K20xas long as short
Vest NG-PERP+0.0046%1h2.9990+0.063%$37810xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0029+0.194%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0062%8h3.0006+0.118%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0084%1h2.9992+0.070%$6.0M$5.9M10xas long as short
Pacifica NATGASlong+0.0100%1h2.9971long leg$68K$33K10x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000+0.097%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.097%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0000+0.097%$1.5M$95K10xas long as short
Extended XNG-USD+0.0136%1h2.9976+0.018%$110K$443K5xas long as short
HTX NATGAS-USDT+0.0240%4h3.0010+0.130%$104K$215K75xas long as short
KuCoin NATGASUSDTM+0.0376%4h2.9980+0.030%$1.1M$1.1M20xas long as short
GRVT NATGAS_USDT_Perp+0.0386%4h3.0018+0.156%$25K$227K25xas long as short
Aster NATGASUSDT+0.0398%4h2.9987+0.053%$265K$73K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0437% / S −0.0376%1h2.9995+0.080%$92K45xas long as short
Gate NG_USDT+0.0462%8h3.0030+0.197%$1.5M$209K100xas long as short
OKX NG-USDT-SWAP+0.0464%8h3.0000+0.097%$852K$1.7M50xas long as short
BloFin NG-USDT+0.0469%8h2.9990+0.063%$80K$188K20xas long as short
Variational Omni NATGAS+0.0573%4h3.0009+0.127%$311K$444Kas long as short
Binance NATGASUSDT+0.0610%4h2.9996+0.083%$10.2M$28.9M100xas long as short
edgeX NATGASUSDCshort+0.0623%4h3.0009+0.127%$85K$212K20x
Bitget NATGASUSDT+0.0980%4h2.9960−0.037%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.1110%1h3.0007+0.120%$53K$34K20xas long as short