Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against ApeX Omni+0.037%51s7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.037% dearer against ApeX Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NATGASUSDT	3.0000	0.0100	pay 0.0013% / 1h	46m 19s	$37K	$218K	50x
Short	Pacifica NATGAS	3.0011	0.0100	get 0.0013% / 1h	46m 19s	$68K	$33K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against ApeX Omni. 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 ApeX OmnibpFee PacificabpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → 0.000%: $3.67
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$14.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 15 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 15 min ago	33.33 bp	73.2 bp −$73	287.3 bp −$2,873	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX NATGAS-USDT	0.0000%	4h	3.0042	+0.140%	$2K	$2.4M	20x	as long as short
Hotstuff NATGAS-PERP	+0.0008%	1h	3.0009	+0.030%	$35K	—	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0010	+0.033%	$658K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0013	+0.043%	$618K	$445K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9998	−0.007%	$110K	$442K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	+0.033%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0008	+0.027%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0062%	8h	3.0024	+0.079%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0078%	1h	3.0010	+0.033%	$5.9M	$5.9M	10x	as long as short
Pacifica NATGASshort	+0.0100%	1h	3.0011	+0.037%	$68K	$33K	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDTlong	+0.0100%	1h	3.0000	long leg	$37K	$218K	50x
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	0.000%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.067%	$1.5M	$95K	10x	as long as short
HTX NATGAS-USDT	+0.0217%	4h	3.0047	+0.157%	$100K	$213K	75x	as long as short
KuCoin NATGASUSDTM	+0.0278%	4h	3.0010	+0.033%	$1.0M	$1.1M	20x	as long as short
Aster NATGASUSDT	+0.0297%	4h	3.0010	+0.034%	$265K	$73K	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0364%	4h	3.0010	+0.033%	$12K	$214K	25x	as long as short
BloFin NG-USDT	+0.0377%	8h	2.9990	−0.033%	—	$188K	20x	as long as short
OKX NG-USDT-SWAP	+0.0391%	8h	3.0020	+0.067%	$862K	$1.7M	50x	as long as short
Gate NG_USDT	+0.0404%	8h	3.0040	+0.133%	$1.5M	$208K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0428% / S −0.0365%	1h	3.0025	+0.083%	$92K	—	45x	as long as short
Variational Omni NATGAS	+0.0459%	4h	3.0009	+0.030%	$311K	$444K	—	as long as short
edgeX NATGASUSDC	+0.0514%	4h	3.0018	+0.059%	$85K	$213K	20x	as long as short
Binance NATGASUSDT	+0.0517%	4h	3.0024	+0.081%	$10.2M	$28.9M	100x	as long as short
Bitget NATGASUSDT	+0.0844%	4h	3.0000	0.000%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1109%	1h	3.0034	+0.114%	$54K	$36K	20x	as long as short