NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h −0.004%

Price spread now: tradeXYZ against Pacifica+0.085%7-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 tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · tradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. tradeXYZ is 0.085% dearer against Pacifica than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NATGAS	3.0034	0.0100	pay 0.0013% / 1h	36m 05s	$69K	$30K	10x
Short	tradeXYZ xyz:NATGAS	3.0060	0.0050	get 0.0006% / 1h	36m 05s	$6.0M	$5.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$10.5
Price spread: +0.085% → 0.000%: $8.53
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$27.97
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago	0.50 bp	11.2 bp −$11	doesn't fit	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
QFEX NATGAS-USD	0.0000%	1h	3.0050	+0.052%	$660K	$96K	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8440	−5.309%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0072	+0.125%	$2K	$2.4M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0075	+0.135%	$632K	$483K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0045	+0.037%	$109K	$253K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0040	+0.019%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGASshort	+0.0050%	1h	3.0060	+0.085%	$6.0M	$5.2M	10x
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0028	−0.021%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0051%	8h	3.0046	+0.039%	$5K	—	5x	as long as short
Pacifica NATGASlong	+0.0100%	1h	3.0034	long leg	$69K	$30K	10x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.114%	$37K	$214K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.114%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0070	+0.119%	$1.5M	$90K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0128%	1h	3.0035	+0.002%	$35K	—	20x	as long as short
KuCoin NATGASUSDTM	+0.0148%	4h	3.0030	−0.015%	$1.0M	$844K	20x	as long as short
Aster NATGASUSDT	+0.0172%	4h	3.0031	−0.013%	$264K	$69K	50x	as long as short
HTX NATGAS-USDT	+0.0185%	4h	3.0090	+0.185%	$119K	$221K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0264%	4h	3.0030	−0.015%	$20K	$221K	25x	as long as short
Gate NG_USDT	+0.0298%	8h	3.0080	+0.152%	$1.5M	$193K	100x	as long as short
Variational Omni NATGAS	+0.0344%	4h	2.9990	−0.148%	$318K	$390K	—	as long as short
Binance NATGASUSDT	+0.0363%	4h	3.0068	+0.111%	$10.4M	$28.8M	100x	as long as short
edgeX NATGASUSDC	+0.0370%	4h	3.0027	−0.023%	$85K	$212K	20x	as long as short
BloFin NG-USDT	+0.0492%	8h	3.0030	−0.015%	$76K	$198K	20x	as long as short
OKX NG-USDT-SWAP	+0.0506%	8h	3.0050	+0.052%	$801K	$1.9M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0599% / S −0.0616%	1h	3.0075	+0.135%	$88K	—	45x	as long as short
Kraken Futures PF_NATGASUSD	+0.0683%	1h	3.0063	+0.094%	$54K	$36K	20x	as long as short
Bitget NATGASUSDT	+0.0846%	4h	3.0040	+0.019%	$9.9M	$3.0M	100x	as long as short