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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0503%/8h= +55.1% APRpaid last 24h +0.072%
Price spread now: Gate against Pacifica+0.136%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+0.316%+$32 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Gate is 0.136% dearer against Pacifica than usual: you sell high and buy low: +$14 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 0.316% in total (about 16.5% 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 NATGAS3.00590.0100pay 0.0013% / 1h14m 27s$68K$33K10x
ShortGate NG_USDT3.01000.0603get 0.0603% / 8h2h 14m$1.5M$196K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$105.63
Price spread: +0.136% → 0.000%
$13.64
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$96.27
Costs to cover
0.230%
Break-even
0.6 days
Slippage unknown: Pacifica: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago1.66 bp18.5 bp −$1849.2 bp −$492doesn'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%1h2.8451−5.349%as long as short
SunX NATGAS-USDT0.0000%4h3.0072+0.043%$2K$2.4M20xas long as short
Lighter NATGAS+0.0032%1h3.0065+0.020%$629K$504K10xas long as short
Extended XNG-USD+0.0032%1h3.0057−0.006%$110K$333K5xas long as short
QFEX NATGAS-USD+0.0033%1h3.0060+0.003%$660K$96K20xas long as short
Vest NG-PERP+0.0046%1h3.0060+0.003%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0048−0.037%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0062%1h3.0066+0.023%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0065%8h3.0074+0.049%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0072%1h3.0058−0.003%$35K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGASlong+0.0100%1h3.0059long leg$68K$33K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.196%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.196%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060+0.003%$1.5M$93K10xas long as short
HTX NATGAS-USDT+0.0156%4h3.0080+0.070%$107K$211K75xas long as short
GRVT NATGAS_USDT_Perp+0.0192%4h3.0050−0.030%$13K$212K25xas long as short
KuCoin NATGASUSDTM+0.0330%4h3.0050−0.030%$1.0M$951K20xas long as short
Aster NATGASUSDT+0.0357%4h3.0083+0.081%$265K$75K50xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0523% / S −0.0471%1h3.0065+0.020%$92K45xas long as short
Variational Omni NATGAS+0.0570%4h3.0060+0.003%$317K$432Kas long as short
Binance NATGASUSDT+0.0594%4h3.0060+0.003%$10.3M$28.4M100xas long as short
Gate NG_USDTshort+0.0603%8h3.0100+0.136%$1.5M$196K100x
edgeX NATGASUSDC+0.0606%4h3.0060+0.003%$85K$213K20xas long as short
OKX NG-USDT-SWAP+0.0653%8h3.0060+0.003%$868K$1.7M50xas long as short
BloFin NG-USDT+0.0654%8h3.0050−0.030%$82K$195K20xas long as short
Bitget NATGASUSDT+0.1002%4h3.0040−0.063%$9.9M$3.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.1181%1h3.0079+0.067%$56K$35K20xas long as short