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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0248%/8h= +27.1% APRpaid last 24h +0.068%
Price spread now: OKX against Pacifica+0.045%49s7-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+0.282%+$28 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 +$7 a day on $10k at the current rate, and OKX is 0.045% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NATGAS2.99960.0100pay 0.0013% / 1h43m 45s$68K$39K10x
ShortOKX NG-USDT-SWAP3.00100.0348get 0.0348% / 8h5h 43m$833K$2.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$52.02
Price spread: +0.045% → 0.000%
$4.54
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
$38.57
Costs to cover
0.180%
Break-even
1.8 days
Slippage unknown: Pacifica: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago1.67 bp10.2 bp −$1020.8 bp −$208doesn'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 exchanges

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−0.1600%1h3.0005+0.029%$35K20xas long as short
Kraken Futures PF_NATGASUSD−0.0077%1h3.0028+0.107%$54K$46K20xas long as short
QFEX NATGAS-USD−0.0004%1h3.0020+0.079%$661K$99K20xas long as short
Aster NATGASUSDT0.0000%4h3.0000+0.012%$258K$74K50xas long as short
GRVT NATGAS_USDT_Perp0.0000%4h3.0034+0.124%$19K$200K25xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8355−5.472%as long as short
SunX NATGAS-USDT0.0000%4h2.9994−0.008%$2K$1.7M20xas long as short
HTX NATGAS-USDT0.0000%4h3.0047+0.169%$118K$220K75xas long as short
Lighter NATGAS+0.0032%1h3.0022+0.085%$649K$793K10xas long as short
Extended XNG-USD+0.0032%1h3.0018+0.071%$122K$368K5xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest NG-PERP+0.0046%1h3.0030+0.112%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0017+0.069%$6.0M$4.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0013+0.055%$84K$28K10xas long as short
Paradex NG-USD-PERP+0.0051%8h3.0025+0.096%$5K5xas long as short
Variational Omni NATGAS+0.0088%4h3.0027+0.103%$356K$426Kas long as short
Pacifica NATGASlong+0.0100%1h2.9996long leg$68K$39K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.345%$37K$215K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.012%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0030+0.112%$1.5M$94K10xas long as short
KuCoin NATGASUSDTM+0.0130%4h3.0000+0.012%$1.1M$798K20xas long as short
Binance NATGASUSDT+0.0169%4h3.0036+0.132%$10.0M$32.7M100xas long as short
edgeX NATGASUSDC+0.0177%4h3.0026+0.099%$85K$212K20xas long as short
Gate NG_USDT+0.0268%8h3.0060+0.212%$1.5M$200K100xas long as short
BloFin NG-USDT+0.0329%8h3.0020+0.079%$80K$202K20xas long as short
OKX NG-USDT-SWAPshort+0.0348%8h3.0010+0.045%$833K$2.0M50x
GMX NATGAS/USD [ETH-USDC]L +0.0493% / S −0.0486%1h3.0025+0.095%$88K45xas long as short
Bitget NATGASUSDT+0.0708%4h3.0000+0.012%$9.9M$2.9M100xas long as short