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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.072%
Price spread now: Pacifica against BloFin−0.051%94s7-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−0.283%−$28 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 against this trade now: funding costs −$9 a day on $10k at the current rate, and Pacifica is 0.051% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NG-USDT2.99700.0416pay 0.0416% / 8h6h 15m$78K$198K20x
ShortPacifica NATGAS2.99550.0100get 0.0013% / 1h15m 39s$68K$39K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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
−$66.4
Price spread: −0.051% → 0.000%
−$5.08
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$91.48
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 29 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 BloFin live order book, 29 min ago1.67 bp14.3 bp −$1416.3 bp −$163doesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP−0.0032%1h2.9968−0.007%$35K20xas long as short
GRVT NATGAS_USDT_Perp0.0000%4h2.9960−0.033%$20K$208K25xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8346−5.419%as long as short
SunX NATGAS-USDT0.0000%4h2.9992+0.073%$2K$1.8M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9980+0.033%$118K$221K75xas long as short
QFEX NATGAS-USD+0.0024%1h2.99700.000%$660K$98K20xas long as short
Lighter NATGAS+0.0032%1h2.9964−0.020%$681K$756K10xas long as short
Extended XNG-USD+0.0032%1h2.9972+0.006%$141K$361K5xas long as short
Vest NG-PERP+0.0046%1h2.9990+0.067%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h2.9972+0.007%$6.0M$5.7M10xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NATGAS-USD.P+0.0050%1h2.9955−0.050%$84K$28K10xas long as short
Paradex NG-USD-PERP+0.0053%8h2.9973+0.009%$5K5xas long as short
Aster NATGASUSDT+0.0060%4h2.9996+0.085%$258K$74K50xas long as short
Pacifica NATGASshort+0.0100%1h2.9955−0.051%$68K$39K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0000+0.100%$37K$214K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.100%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.99700.000%$1.5M$92K10xas long as short
KuCoin NATGASUSDTM+0.0186%4h2.99700.000%$1.1M$819K20xas long as short
Variational Omni NATGAS+0.0199%4h2.9959−0.038%$355K$429Kas long as short
Binance NATGASUSDT+0.0247%4h2.9968−0.005%$9.7M$31.6M100xas long as short
Gate NG_USDT+0.0271%8h3.0010+0.133%$1.5M$204K100xas long as short
edgeX NATGASUSDC+0.0275%4h2.99700.000%$85K$212K20xas long as short
Kraken Futures PF_NATGASUSD+0.0298%1h2.9966−0.012%$54K$46K20xas long as short
OKX NG-USDT-SWAP+0.0411%8h2.99700.000%$838K$2.0M50xas long as short
BloFin NG-USDTlong+0.0416%8h2.9970long leg$78K$198K20x
GMX NATGAS/USD [ETH-USDC]L +0.0538% / S −0.0542%1h2.9965−0.017%$88K45xas long as short
Bitget NATGASUSDT+0.0770%4h2.9940−0.100%$9.9M$2.9M100xas long as short