Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.318%

Price spread now: Bitget against Pacifica−0.100%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.997%+$100 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 pays, the price is against you. Bitget is 0.100% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 21 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NATGAS	2.9930	0.0100	pay 0.0013% / 1h	43m 57s	$68K	$33K	10x
Short	Bitget NATGASUSDT	2.9900	0.0488	get 0.0244% / 4h	43m 57s	$10.0M	$3.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.100%Rate

Funding earned: $81.48
Price spread: −0.100% → 0.000%: −$9.98
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $51.5
Costs to cover: 0.200%
Break-even: 2.6 days

Slippage unknown: Pacifica: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.67 bp	12.0 bp −$12	21.2 bp −$212	71.2 bp −$7,120	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 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
Hotstuff NATGAS-PERP	0.0000%	1h	2.9925	−0.016%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8281	−5.509%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9952	+0.074%	$2K	$2.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	2.9941	+0.037%	$98K	$214K	75x	as long as short
QFEX NATGAS-USD	+0.0030%	1h	2.9920	−0.033%	$657K	$86K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9942	+0.040%	$619K	$416K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9930	0.000%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9925	−0.016%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9922	−0.026%	$84K	$43K	10x	as long as short
Paradex NG-USD-PERP	+0.0080%	8h	2.9931	+0.004%	$5K	—	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGASlong	+0.0100%	1h	2.9930	long leg	$68K	$33K	10x
KuCoin NATGASUSDTM	+0.0100%	4h	2.9920	−0.033%	$1.0M	$1.2M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.100%	$36K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.100%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9940	+0.034%	$1.5M	$98K	10x	as long as short
GRVT NATGAS_USDT_Perp	+0.0130%	4h	2.9928	−0.006%	$13K	$238K	25x	as long as short
Extended XNG-USD	+0.0160%	1h	2.9918	−0.039%	$110K	$471K	5x	as long as short
Gate NG_USDT	+0.0198%	8h	2.9960	+0.101%	$1.5M	$284K	100x	as long as short
OKX NG-USDT-SWAP	+0.0216%	8h	2.9930	0.000%	$856K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0246%	8h	2.9930	0.000%	$80K	$189K	20x	as long as short
Aster NATGASUSDT	+0.0269%	4h	2.9941	+0.038%	$265K	$105K	50x	as long as short
Variational Omni NATGAS	+0.0298%	4h	2.9931	+0.005%	$311K	$443K	—	as long as short
Binance NATGASUSDT	+0.0372%	4h	2.9930	0.000%	$10.1M	$30.3M	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0405% / S −0.0333%	1h	2.9935	+0.017%	$93K	—	45x	as long as short
edgeX NATGASUSDC	+0.0434%	4h	2.9931	+0.004%	$85K	$212K	20x	as long as short
Bitget NATGASUSDTshort	+0.0488%	4h	2.9900	−0.100%	$10.0M	$3.9M	100x
Kraken Futures PF_NATGASUSD	+0.1218%	1h	2.9945	+0.051%	$52K	$39K	20x	as long as short