Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Pacifica+0.345%51s7-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 ApeX Omni

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: ApeX Omni is 0.345% dearer against Pacifica than usual: you sell high and buy low, +$35 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	Pacifica NATGAS	2.9996	0.0100	pay 0.0013% / 1h	44m 02s	$68K	$39K	10x
Short	ApeX Omni NATGASUSDT	3.0100	0.0100	get 0.0013% / 1h	44m 02s	$37K	$215K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.345%Rate

Funding earned: $0
Price spread: +0.345% → 0.000%: $34.55
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $16.55
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Pacifica: no order-book sample; ApeX Omni: live order book, 65 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 ApeX Omni live order book, 65 min ago	33.33 bp	75.1 bp −$75	298.6 bp −$2,986	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 exchanges

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
Hotstuff NATGAS-PERP	−0.1600%	1h	3.0005	+0.029%	$35K	—	20x	as long as short
Kraken Futures PF_NATGASUSD	−0.0077%	1h	3.0028	+0.107%	$54K	$46K	20x	as long as short
QFEX NATGAS-USD	−0.0004%	1h	3.0020	+0.079%	$661K	$99K	20x	as long as short
Aster NATGASUSDT	0.0000%	4h	3.0001	+0.015%	$258K	$74K	50x	as long as short
GRVT NATGAS_USDT_Perp	0.0000%	4h	3.0034	+0.124%	$19K	$200K	25x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8355	−5.472%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9994	−0.008%	$2K	$1.7M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	3.0047	+0.169%	$118K	$220K	75x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0022	+0.085%	$649K	$793K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0018	+0.071%	$122K	$368K	5x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NG-PERP	+0.0046%	1h	3.0030	+0.112%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0016	+0.065%	$6.0M	$4.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0013	+0.055%	$84K	$28K	10x	as long as short
Paradex NG-USD-PERP	+0.0051%	8h	3.0025	+0.096%	$5K	—	5x	as long as short
Variational Omni NATGAS	+0.0088%	4h	3.0027	+0.103%	$356K	$426K	—	as long as short
Pacifica NATGASlong	+0.0100%	1h	2.9996	long leg	$68K	$39K	10x
ApeX Omni NATGASUSDTshort	+0.0100%	1h	3.0100	+0.345%	$37K	$215K	50x
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.012%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	+0.112%	$1.5M	$94K	10x	as long as short
KuCoin NATGASUSDTM	+0.0130%	4h	3.0000	+0.012%	$1.1M	$798K	20x	as long as short
Binance NATGASUSDT	+0.0167%	4h	3.0030	+0.112%	$10.0M	$32.6M	100x	as long as short
edgeX NATGASUSDC	+0.0177%	4h	3.0026	+0.099%	$85K	$212K	20x	as long as short
Gate NG_USDT	+0.0268%	8h	3.0050	+0.179%	$1.5M	$200K	100x	as long as short
BloFin NG-USDT	+0.0329%	8h	3.0020	+0.079%	$80K	$202K	20x	as long as short
OKX NG-USDT-SWAP	+0.0348%	8h	3.0010	+0.045%	$833K	$2.0M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0493% / S −0.0486%	1h	3.0025	+0.095%	$88K	—	45x	as long as short
Bitget NATGASUSDT	+0.0708%	4h	3.0000	+0.012%	$9.9M	$2.9M	100x	as long as short