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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.043%
Price spread now: Pacifica against Aster−0.021%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+0.058%+$6 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Pacifica is 0.021% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% 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
LongAster NATGASUSDT3.00390.0384pay 0.0192% / 4h13m 30s$266K$73K50x
ShortPacifica NATGAS3.00330.0100get 0.0013% / 1h13m 30s$68K$33K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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
−$59.6
Price spread: −0.021% → 0.000%
−$2.14
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$77.74
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 43 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 Aster live order book, 43 min ago6.66 bp71.4 bp −$71doesn't fitdoesn'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 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%1h2.8466−5.238%as long as short
SunX NATGAS-USDT0.0000%4h3.0072+0.108%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0022%1h3.0040+0.002%$669K$91K20xas long as short
Lighter NATGAS+0.0032%1h3.0055+0.052%$619K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0035−0.014%$110K$407K5xas long as short
Vest NG-PERP+0.0046%1h3.0050+0.035%$14K10xas long as short
Hotstuff NATGAS-PERP+0.0048%1h3.0051+0.038%$35K20xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0051+0.038%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0054%8h3.0060+0.068%$5K5xas long as short
tradeXYZ xyz:NATGAS+0.0079%1h3.0041+0.005%$6.0M$5.8M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGASshort+0.0100%1h3.0033−0.021%$68K$33K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.131%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.131%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0050+0.035%$1.5M$94K10xas long as short
HTX NATGAS-USDT+0.0170%4h3.0080+0.135%$105K$211K75xas long as short
GRVT NATGAS_USDT_Perp+0.0318%4h3.0058+0.062%$25K$227K25xas long as short
KuCoin NATGASUSDTM+0.0328%4h3.0030−0.031%$1.0M$1.0M20xas long as short
Aster NATGASUSDTlong+0.0384%4h3.0039long leg$266K$73K50x
GMX NATGAS/USD [ETH-USDC]L +0.0458% / S −0.0398%1h3.0045+0.019%$92K45xas long as short
Gate NG_USDT+0.0489%8h3.0080+0.135%$1.5M$194K100xas long as short
BloFin NG-USDT+0.0505%8h3.0070+0.102%$81K$192K20xas long as short
OKX NG-USDT-SWAP+0.0508%8h3.0050+0.035%$860K$1.7M50xas long as short
Variational Omni NATGAS+0.0587%4h3.0050+0.034%$317K$449Kas long as short
Binance NATGASUSDT+0.0601%4h3.0040+0.002%$10.2M$28.5M100xas long as short
edgeX NATGASUSDC+0.0622%4h3.0050+0.036%$85K$213K20xas long as short
Bitget NATGASUSDT+0.0974%4h3.0010−0.098%$9.9M$3.3M100xas long as short
Kraken Futures PF_NATGASUSD+0.0993%1h3.0065+0.085%$54K$33K20xas long as short