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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0341%/8h= +37.3% APRpaid last 24h +0.101%
Price spread now: edgeX against Pacifica−0.026%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+0.176%+$18 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · edgeX: Active · farm boardneeds both histories
Funding pays, the price is against you. edgeX is 0.026% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.176% in total) that is about 25 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.176% in total (about 9.2% 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
LongPacifica NATGAS3.00620.0100pay 0.0013% / 1h34m 54s$70K$32K10x
ShortedgeX NATGASUSDC3.00540.0441get 0.0220% / 4h34m 54s$85K$212K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$71.53
Price spread: −0.026% → 0.000%
−$2.61
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$51.92
Costs to cover
0.170%
Break-even
1.9 days
Slippage unknown: Pacifica: no order-book sample; edgeX: live order book, 2 min ago. 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 Pacifica no order-book sample
Sell edgeX live order book, 2 min ago13.31 bp21.1 bp −$2129.3 bp −$293doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP−0.0072%1h3.0070+0.027%$35K20xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8436−5.408%as long as short
SunX NATGAS-USDT0.0000%4h3.0082+0.067%$2K$2.4M20xas long as short
HTX NATGAS-USDT0.0000%4h3.0081+0.064%$117K$216K75xas long as short
QFEX NATGAS-USD+0.0004%1h3.0060−0.006%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0066+0.014%$631K$494K10xas long as short
Extended XNG-USD+0.0032%1h3.0057−0.016%$111K$271K5xas long as short
Vest NG-PERP+0.0046%1h3.0070+0.027%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0051−0.036%$6.0M$5.2M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0081+0.064%$83K$26K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex NG-USD-PERP+0.0052%8h3.0073+0.036%$5K5xas long as short
GRVT NATGAS_USDT_Perp+0.0084%4h3.0039−0.075%$15K$222K25xas long as short
Pacifica NATGASlong+0.0100%1h3.0062long leg$70K$32K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.127%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.206%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060−0.006%$1.5M$91K10xas long as short
KuCoin NATGASUSDTM+0.0174%4h3.0050−0.040%$1.0M$886K20xas long as short
Aster NATGASUSDT+0.0191%4h3.0055−0.022%$265K$65K50xas long as short
Variational Omni NATGAS+0.0402%4h3.0069+0.024%$319K$390Kas long as short
Binance NATGASUSDT+0.0427%4h3.0050−0.040%$10.4M$28.5M100xas long as short
edgeX NATGASUSDCshort+0.0441%4h3.0054−0.026%$85K$212K20x
GMX NATGAS/USD [ETH-USDC]L +0.0576% / S −0.0588%1h3.0065+0.010%$88K45xas long as short
Gate NG_USDT+0.0581%8h3.0090+0.094%$1.5M$195K100xas long as short
OKX NG-USDT-SWAP+0.0624%8h3.0050−0.040%$854K$1.8M50xas long as short
BloFin NG-USDT+0.0643%8h3.0060−0.006%$82K$198K20xas long as short
Kraken Futures PF_NATGASUSD+0.0861%1h3.0078+0.054%$56K$36K20xas long as short
Bitget NATGASUSDT+0.0872%4h3.0040−0.073%$9.9M$3.0M100xas long as short