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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.042%
Price spread now: KuCoin against Pacifica−0.007%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+0.062%+$6 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% 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 NATGAS3.00120.0100pay 0.0013% / 1h24m 30s$68K$33K10x
ShortKuCoin NATGASUSDTM3.00100.0354get 0.0177% / 4h1h 24m$1.1M$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$53.34
Price spread: −0.007% → 0.000%
−$0.67
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$32.67
Costs to cover
0.200%
Break-even
2.7 days
Slippage unknown: Pacifica: no order-book sample; KuCoin: 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 KuCoin live order book, 10 min ago1.67 bp20.4 bp −$20528.0 bp −$5,280doesn'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
SunX NATGAS-USDT0.0000%4h3.0041+0.097%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0010−0.007%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0020+0.027%$619K$494K10xas long as short
Vest NG-PERP+0.0046%1h3.0020+0.027%$37810xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0038+0.087%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0066%8h3.0026+0.047%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0096%1h3.0014+0.007%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0097%1h3.0010−0.007%$6.0M$5.9M10xas long as short
Pacifica NATGASlong+0.0100%1h3.0012long leg$68K$33K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.040%$37K$216K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.040%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0020+0.027%$1.5M$95K10xas long as short
Extended XNG-USD+0.0112%1h3.0001−0.035%$110K$444K5xas long as short
HTX NATGAS-USDT+0.0251%4h3.0042+0.100%$101K$213K75xas long as short
KuCoin NATGASUSDTMshort+0.0354%4h3.0010−0.007%$1.1M$1.1M20x
Aster NATGASUSDT+0.0375%4h3.0017+0.017%$265K$73K50xas long as short
GRVT NATGAS_USDT_Perp+0.0404%4h3.0027+0.048%$12K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0434% / S −0.0372%1h3.0025+0.043%$92K45xas long as short
OKX NG-USDT-SWAP+0.0435%8h3.0020+0.027%$853K$1.7M50xas long as short
BloFin NG-USDT+0.0443%8h2.9990−0.073%$81K$188K20xas long as short
Gate NG_USDT+0.0446%8h3.0060+0.160%$1.5M$209K100xas long as short
Variational Omni NATGAS+0.0547%4h3.0019+0.023%$311K$444Kas long as short
edgeX NATGASUSDC+0.0579%4h3.0019+0.023%$85K$211K20xas long as short
Binance NATGASUSDT+0.0589%4h3.0020+0.027%$10.2M$28.9M100xas long as short
Bitget NATGASUSDT+0.0960%4h3.0000−0.040%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.1109%1h3.0032+0.067%$53K$34K20xas long as short