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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.003%
Price spread now: Pacifica against tradeXYZ−0.057%7-day average · you buy dearer than you sell
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+0.076%+$8 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdroptradeXYZ: Active · Pacifica: Active · farm boardneeds both histories
Funding pays, the price is against you. Pacifica is 0.057% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5.8 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:NATGAS3.00670.0068pay 0.0008% / 1h38m 39s$6.0M$5.5M10x
ShortPacifica NATGAS3.00500.0100get 0.0013% / 1h38m 39s$68K$33K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against tradeXYZ. 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
$6.81
Price spread: −0.057% → 0.000%
−$5.65
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$24.84
Costs to cover
0.260%
Break-even
32.5 days
Slippage unknown: tradeXYZ: live order book, 10 min ago; Pacifica: no order-book sample. 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 tradeXYZ live order book, 10 min ago0.17 bp9.2 bp −$913.1 bp −$131doesn't fitdoesn't fit
Sell Pacifica no order-book sample
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 26 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
SunX NATGAS-USDT0.0000%4h3.0092+0.083%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0060−0.023%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0069+0.007%$629K$502K10xas long as short
Extended XNG-USD+0.0032%1h3.0059−0.028%$111K$281K5xas long as short
HTX NATGAS-USDT+0.0039%4h3.0081+0.047%$107K$205K75xas long as short
Vest NG-PERP+0.0046%1h3.0070+0.010%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0089+0.073%$83K$26K10xas long as short
Hotstuff NATGAS-PERP+0.0056%1h3.0068+0.003%$35K20xas long as short
Paradex NG-USD-PERP+0.0057%8h3.0083+0.052%$5K5xas long as short
tradeXYZ xyz:NATGASlong+0.0068%1h3.0067long leg$6.0M$5.5M10x
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGASshort+0.0100%1h3.0050−0.057%$68K$33K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.110%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0100+0.110%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0070+0.010%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0134%4h3.0063−0.014%$22K$210K25xas long as short
KuCoin NATGASUSDTM+0.0278%4h3.0050−0.057%$1.0M$927K20xas long as short
Aster NATGASUSDT+0.0290%4h3.0094+0.090%$265K$70K50xas long as short
Variational Omni NATGAS+0.0512%4h3.0070+0.009%$317K$432Kas long as short
Binance NATGASUSDT+0.0533%4h3.0075+0.026%$10.3M$28.6M100xas long as short
edgeX NATGASUSDC+0.0535%4h3.0067+0.001%$85K$212K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0547% / S −0.0552%1h3.0075+0.027%$88K45xas long as short
BloFin NG-USDT+0.0632%8h3.0080+0.043%$82K$195K20xas long as short
Gate NG_USDT+0.0634%8h3.0100+0.110%$1.5M$196K100xas long as short
OKX NG-USDT-SWAP+0.0652%8h3.0080+0.043%$876K$1.8M50xas long as short
Bitget NATGASUSDT+0.0958%4h3.0050−0.057%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0986%1h3.0088+0.070%$56K$35K20xas long as short