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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRnext payment $0.09 per $10,000 · paid last 24h −0.009%
Price spread now: Extended against Pacifica+0.043%7-day average · you sell dearer than you buy
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+0.034%+$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · Extended: Active · farm boardneeds both histories
The price spread pays, funding is against you. Extended is 0.043% dearer against Pacifica than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NATGAS2.99850.0100pay 0.0013% / 1h42m 51s$68K$33K10x
ShortExtended XNG-USD2.99980.0032get 0.0004% / 1h42m 51s$110K$395K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$14.28
Price spread: +0.043% → 0.000%
$4.27
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$23.01
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Pacifica: no order-book sample; Extended: live order book, 10 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 Extended live order book, 10 min ago0.33 bp3.5 bp −$38.6 bp −$86doesn'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
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8401−5.283%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.156%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0009%1h3.0010+0.083%$668K$91K20xas long as short
Lighter NATGAS+0.0032%1h3.0004+0.063%$626K$501K10xas long as short
Extended XNG-USDshort+0.0032%1h2.9998+0.043%$110K$395K5x
Vest NG-PERP+0.0046%1h3.0010+0.083%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0039+0.180%$82K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0061%1h2.9998+0.043%$6.0M$5.7M10xas long as short
Paradex NG-USD-PERP+0.0077%8h3.0023+0.128%$5K5xas long as short
Pacifica NATGASlong+0.0100%1h2.9985long leg$68K$33K10x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000+0.050%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.050%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0010+0.083%$1.5M$93K10xas long as short
Hotstuff NATGAS-PERP+0.0184%1h3.0008+0.076%$35K20xas long as short
KuCoin NATGASUSDTM+0.0326%4h3.0010+0.083%$1.0M$1.0M20xas long as short
Aster NATGASUSDT+0.0376%4h3.0041+0.186%$264K$74K50xas long as short
HTX NATGAS-USDT+0.0466%4h3.0055+0.233%$107K$214K75xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0471% / S −0.0413%1h3.0015+0.100%$92K45xas long as short
BloFin NG-USDT+0.0528%8h3.0030+0.150%$81K$191K20xas long as short
Gate NG_USDT+0.0529%8h3.0050+0.216%$1.5M$192K100xas long as short
OKX NG-USDT-SWAP+0.0555%8h3.0010+0.083%$861K$1.7M50xas long as short
Variational Omni NATGAS+0.0576%4h3.0020+0.116%$316K$449Kas long as short
GRVT NATGAS_USDT_Perp+0.0596%4h3.0017+0.107%$12K$230K25xas long as short
Binance NATGASUSDT+0.0599%4h3.0010+0.083%$10.2M$28.4M100xas long as short
edgeX NATGASUSDC+0.0600%4h3.0046+0.202%$85K$213K20xas long as short
Kraken Futures PF_NATGASUSD+0.0856%1h3.0024+0.129%$53K$33K20xas long as short
Bitget NATGASUSDT+0.0982%4h2.9980−0.017%$9.9M$3.2M100xas long as short