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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h +0.073%
Price spread now: Gate against Pacifica+0.120%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+0.316%+$32 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Gate is 0.120% dearer against Pacifica than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NATGAS3.00040.0100pay 0.0013% / 1h17m 33s$68K$33K10x
ShortGate NG_USDT3.00400.0435get 0.0435% / 8h6h 17m$1.5M$219K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$70.35
Price spread: +0.120% → 0.000%
$12
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$59.35
Costs to cover
0.230%
Break-even
1.1 days
Slippage unknown: Pacifica: no order-book sample; Gate: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica no order-book sample
Sell Gate live order book, 5 min ago1.66 bp18.5 bp −$1951.6 bp −$516doesn'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 26 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%1h2.8374−5.433%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.093%$2K$2.5M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0010+0.020%$658K$86K20xas long as short
Hotstuff NATGAS-PERP+0.0024%1h3.0006+0.007%$35K20xas long as short
Lighter NATGAS+0.0032%1h3.0020+0.053%$618K$445K10xas long as short
Vest NG-PERP+0.0046%1h3.0010+0.020%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0006+0.007%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9998−0.020%$82K$27K10xas long as short
Paradex NG-USD-PERP+0.0074%8h3.0018+0.047%$5K5xas long as short
Extended XNG-USD+0.0080%1h2.9997−0.022%$110K$449K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGASlong+0.0100%1h3.0004long leg$68K$33K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.013%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.013%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0010+0.020%$1.5M$95K10xas long as short
KuCoin NATGASUSDTM+0.0166%4h3.0010+0.020%$1.0M$1.1M20xas long as short
Aster NATGASUSDT+0.0230%4h3.0008+0.014%$265K$73K50xas long as short
HTX NATGAS-USDT+0.0278%4h3.0028+0.080%$98K$212K75xas long as short
OKX NG-USDT-SWAP+0.0358%8h3.0000−0.013%$859K$1.7M50xas long as short
Variational Omni NATGAS+0.0370%4h3.0009+0.018%$311K$444Kas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0422% / S −0.0359%1h3.0025+0.070%$92K45xas long as short
GRVT NATGAS_USDT_Perp+0.0426%4h3.0018+0.046%$12K$214K25xas long as short
Gate NG_USDTshort+0.0435%8h3.0040+0.120%$1.5M$219K100x
edgeX NATGASUSDC+0.0436%4h3.0009+0.018%$85K$213K20xas long as short
Binance NATGASUSDT+0.0438%4h3.0015+0.038%$10.2M$29.1M100xas long as short
Bitget NATGASUSDT+0.0694%4h2.9980−0.080%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.0825%1h3.0031+0.091%$53K$38K20xas long as short