Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.061%

Price spread now: BloFin against Pacifica−0.027%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$23 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. BloFin is 0.027% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NATGAS	2.9998	0.0100	pay 0.0013% / 1h	22m 39s	$68K	$33K	10x
Short	BloFin NG-USDT	2.9990	0.0200	get 0.0200% / 8h	7h 22m	$81K	$189K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $20.96
Price spread: −0.027% → 0.000%: −$2.67
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.71
Costs to cover: 0.200%
Break-even: 7.6 days

Slippage unknown: Pacifica: no order-book sample; BloFin: live order book, 42 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 BloFin live order book, 42 min ago	1.67 bp	10.5 bp −$10	18.5 bp −$185	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 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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8374	−5.414%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0042	+0.147%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0015%	1h	3.0010	+0.040%	$659K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0017	+0.063%	$617K	$414K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0008	+0.032%	$112K	$452K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	+0.040%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0010	+0.040%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0046	+0.160%	$84K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0055%	8h	3.0027	+0.096%	$5K	—	5x	as long as short
Aster NATGASUSDT	+0.0083%	4h	3.0030	+0.107%	$266K	$73K	50x	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	2.9998	long leg	$68K	$33K	10x
KuCoin NATGASUSDTM	+0.0100%	4h	3.0010	+0.040%	$1.0M	$1.1M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.007%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.007%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.073%	$1.5M	$95K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0112%	1h	3.0011	+0.043%	$35K	—	20x	as long as short
Variational Omni NATGAS	+0.0154%	4h	3.0030	+0.107%	$312K	$443K	—	as long as short
BloFin NG-USDTshort	+0.0200%	8h	2.9990	−0.027%	$81K	$189K	20x
HTX NATGAS-USDT	+0.0220%	4h	3.0054	+0.187%	$98K	$211K	75x	as long as short
OKX NG-USDT-SWAP	+0.0221%	8h	3.0020	+0.073%	$863K	$1.7M	50x	as long as short
Binance NATGASUSDT	+0.0250%	4h	3.0020	+0.073%	$10.1M	$29.5M	100x	as long as short
edgeX NATGASUSDC	+0.0261%	4h	3.0032	+0.114%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.0328%	4h	2.9980	−0.060%	$10.0M	$3.5M	100x	as long as short
GRVT NATGAS_USDT_Perp	+0.0378%	4h	3.0030	+0.107%	$25K	$214K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0409% / S −0.0346%	1h	3.0025	+0.090%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0457%	8h	3.0040	+0.140%	$1.5M	$255K	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1001%	1h	3.0026	+0.092%	$52K	$36K	20x	as long as short