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−0.0264%/8h= −28.9% APRpaid last 24h −0.053%
Price spread now: Pacifica against KuCoin0.000%46s7-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−0.072%−$7 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 two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.8% 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
LongKuCoin NATGASUSDTM3.00400.0364pay 0.0182% / 4h3h 04m$1.0M$982K20x
ShortPacifica NATGAS3.00400.0100get 0.0013% / 1h4m 49s$68K$33K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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
−$55.44
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$75.44
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 5 min ago; 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 KuCoin live order book, 5 min ago1.66 bp16.0 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Pacifica no order-book sample
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%4h3.0072+0.107%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0009%1h3.00400.000%$659K$96K20xas long as short
Lighter NATGAS+0.0032%1h3.0045+0.017%$629K$503K10xas long as short
Hotstuff NATGAS-PERP+0.0032%1h3.0047+0.023%$35K20xas long as short
Vest NG-PERP+0.0046%1h3.0050+0.033%$14K10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0080+0.133%$83K$26K10xas long as short
tradeXYZ xyz:NATGAS+0.0095%1h3.0051+0.037%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0097%8h3.0061+0.069%$5K5xas long as short
Pacifica NATGASshort+0.0100%1h3.00400.000%$68K$33K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.133%$37K$218K50xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.133%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0050+0.033%$1.5M$93K10xas long as short
Extended XNG-USD+0.0216%1h3.0037−0.011%$110K$364K5xas long as short
KuCoin NATGASUSDTMlong+0.0364%4h3.0040long leg$1.0M$982K20x
Aster NATGASUSDT+0.0432%4h3.0060+0.067%$264K$74K50xas long as short
GRVT NATGAS_USDT_Perp+0.0448%4h3.0050+0.033%$13K$223K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0497% / S −0.0441%1h3.0055+0.050%$92K45xas long as short
HTX NATGAS-USDT+0.0506%4h3.0073+0.110%$107K$212K75xas long as short
Gate NG_USDT+0.0556%8h3.0090+0.166%$1.5M$193K100xas long as short
BloFin NG-USDT+0.0603%8h3.0060+0.067%$81K$195K20xas long as short
OKX NG-USDT-SWAP+0.0611%8h3.0050+0.033%$867K$1.7M50xas long as short
Variational Omni NATGAS+0.0642%4h3.0060+0.066%$317K$449Kas long as short
Binance NATGASUSDT+0.0665%4h3.0050+0.033%$10.3M$28.2M100xas long as short
edgeX NATGASUSDC+0.0676%4h3.0070+0.098%$85K$212K20xas long as short
Kraken Futures PF_NATGASUSD+0.0855%1h3.0067+0.089%$56K$35K20xas long as short
Bitget NATGASUSDT+0.1038%4h3.0030−0.033%$9.9M$3.2M100xas long as short