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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.056%
Price spread now: Aster against Pacifica+0.097%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−0.040%−$4 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.097% dearer against Pacifica than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% 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 NATGAS3.00600.0100pay 0.0013% / 1h2m 18s$68K$33K10x
ShortAster NATGASUSDT3.00890.0324get 0.0162% / 4h2h 02m$265K$75K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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
$46.99
Price spread: +0.097% → 0.000%
$9.71
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
$40.7
Costs to cover
0.160%
Break-even
0.9 days
Slippage unknown: Pacifica: no order-book sample; Aster: live order book, 45 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 Aster live order book, 45 min ago4.99 bp15.3 bp −$1515.6 bp −$156doesn'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 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%1h2.8465−5.305%as long as short
SunX NATGAS-USDT0.0000%4h3.0082+0.074%$2K$2.4M20xas long as short
Lighter NATGAS+0.0032%1h3.0068+0.028%$629K$504K10xas long as short
Extended XNG-USD+0.0032%1h3.0058−0.005%$110K$332K5xas long as short
QFEX NATGAS-USD+0.0033%1h3.0050−0.032%$660K$96K20xas long as short
Vest NG-PERP+0.0046%1h3.0070+0.035%$14K10xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0060+0.001%$6.0M$5.5M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0070+0.035%$83K$26K10xas long as short
Paradex NG-USD-PERP+0.0061%8h3.0076+0.056%$5K5xas long as short
HTX NATGAS-USDT+0.0099%4h3.0082+0.074%$107K$211K75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGASlong+0.0100%1h3.0060long leg$68K$33K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0100+0.134%$37K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.198%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0060+0.001%$1.5M$93K10xas long as short
Hotstuff NATGAS-PERP+0.0128%1h3.0051−0.029%$35K20xas long as short
GRVT NATGAS_USDT_Perp+0.0154%4h3.0061+0.005%$13K$212K25xas long as short
KuCoin NATGASUSDTM+0.0306%4h3.0050−0.032%$1.0M$944K20xas long as short
Aster NATGASUSDTshort+0.0324%4h3.0089+0.097%$265K$75K50x
GMX NATGAS/USD [ETH-USDC]L +0.0532% / S −0.0533%1h3.0065+0.018%$88K45xas long as short
Variational Omni NATGAS+0.0548%4h3.00600.000%$317K$432Kas long as short
Binance NATGASUSDT+0.0563%4h3.0064+0.014%$10.3M$28.5M100xas long as short
edgeX NATGASUSDC+0.0582%4h3.0055−0.016%$85K$212K20xas long as short
Gate NG_USDT+0.0621%8h3.0090+0.101%$1.5M$196K100xas long as short
BloFin NG-USDT+0.0645%8h3.0060+0.001%$81K$195K20xas long as short
OKX NG-USDT-SWAP+0.0655%8h3.0050−0.032%$868K$1.7M50xas long as short
Bitget NATGASUSDT+0.0968%4h3.0040−0.065%$9.9M$3.2M100xas long as short
Kraken Futures PF_NATGASUSD+0.1181%1h3.0084+0.080%$56K$35K20xas long as short