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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.18 per $10,000 · paid last 24h +0.007%
Price spread now: Pacifica against Hotstuff−0.043%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Pacifica: Active · farm boardneeds both histories
Funding pays, the price is against you. Pacifica is 0.043% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff NATGAS-PERP3.0087−0.0040get 0.0005% / 1h16m 13s$35K20x
ShortPacifica NATGAS3.00740.0100get 0.0013% / 1h16m 13s$68K$33K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Hotstuff. 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
$29.4
Price spread: −0.043% → 0.000%
−$4.32
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$12.08
Costs to cover
0.130%
Break-even
4.1 days
Slippage unknown: Hotstuff: no order-book sample; Pacifica: no order-book sample. 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 Hotstuff no order-book sample
Sell Pacifica no order-book sample
Hotstuff and 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
Hotstuff NATGAS-PERPlong−0.0040%1h3.0087long leg$35K20x
SunX NATGAS-USDT0.0000%4h3.0112+0.083%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0002%1h3.0080−0.023%$660K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0091+0.013%$630K$502K10xas long as short
Extended XNG-USD+0.0032%1h3.0076−0.038%$111K$283K5xas long as short
Vest NG-PERP+0.0046%1h3.0090+0.010%$14K10xas long as short
HTX NATGAS-USDT+0.0049%4h3.0110+0.076%$108K$206K75xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0089+0.007%$6.0M$5.4M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0112+0.083%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0054%8h3.0102+0.051%$5K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGASshort+0.0100%1h3.0074−0.043%$68K$33K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.043%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.289%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0090+0.010%$1.5M$93K10xas long as short
GRVT NATGAS_USDT_Perp+0.0140%4h3.0078−0.029%$22K$211K25xas long as short
KuCoin NATGASUSDTM+0.0232%4h3.0050−0.123%$1.0M$911K20xas long as short
Aster NATGASUSDT+0.0268%4h3.0106+0.063%$265K$68K50xas long as short
Variational Omni NATGAS+0.0493%4h3.0070−0.057%$319K$393Kas long as short
Binance NATGASUSDT+0.0513%4h3.0090+0.010%$10.3M$28.6M100xas long as short
edgeX NATGASUSDC+0.0533%4h3.0070−0.057%$85K$213K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0558% / S −0.0566%1h3.0095+0.027%$88K45xas long as short
Gate NG_USDT+0.0607%8h3.0100+0.043%$1.5M$196K100xas long as short
OKX NG-USDT-SWAP+0.0653%8h3.0100+0.043%$878K$1.8M50xas long as short
BloFin NG-USDT+0.0660%8h3.0070−0.057%$83K$198K20xas long as short
Bitget NATGASUSDT+0.0942%4h3.0060−0.090%$9.9M$3.1M100xas long as short
Kraken Futures PF_NATGASUSD+0.0986%1h3.0107+0.068%$56K$36K20xas long as short