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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −11.0% APRnext payment $0.13 per $10,000 · paid last 24h −0.030%
Price spread now: gTrade (Gains Network) against Pacifica−5.397%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 1 day (all we have)no history yet
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 5.397% cheaper against Pacifica than usual: you would sell low and buy high (−$540 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NATGAS3.00000.0100pay 0.0013% / 1h23m 38s$68K$33K10x
ShortgTrade (Gains Network) NATGAS/USD2.8381L 0.0000% / S 0.0000%pay 0.0000% / 1h23m 38s

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$21.04
Price spread: −5.397% → 0.000%
−$539.67
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$578.71
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Pacifica: no order-book sample; gTrade (Gains Network): 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 Pacifica no order-book sample
Sell gTrade (Gains Network) no order-book sample
Pacifica and gTrade (Gains Network): 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/USDshortL 0.0000% / S 0.0000%1h2.8381−5.397%
SunX NATGAS-USDT0.0000%4h3.0062+0.207%$2K$2.6M20xas long as short
QFEX NATGAS-USD+0.0015%1h3.0010+0.033%$659K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0011+0.037%$617K$414K10xas long as short
Extended XNG-USD+0.0032%1h3.0007+0.025%$112K$452K5xas long as short
Vest NG-PERP+0.0046%1h3.0030+0.100%$37810xas long as short
tradeXYZ xyz:NATGAS+0.0050%1h3.0005+0.017%$5.9M$5.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0046+0.153%$84K$26K10xas long as short
Paradex NG-USD-PERP+0.0055%8h3.0022+0.073%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0064%1h3.0026+0.087%$35K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NATGASUSDT+0.0082%4h3.0030+0.100%$266K$73K50xas long as short
Pacifica NATGASlong+0.0100%1h3.0000long leg$68K$33K10x
KuCoin NATGASUSDTM+0.0100%4h3.0010+0.033%$1.0M$1.1M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.00000.000%$37K$216K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.00000.000%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h3.0030+0.100%$1.5M$95K10xas long as short
Variational Omni NATGAS+0.0154%4h3.0030+0.100%$312K$443Kas long as short
OKX NG-USDT-SWAP+0.0217%8h3.0020+0.067%$863K$1.7M50xas long as short
BloFin NG-USDT+0.0222%8h2.9990−0.033%$80K$189K20xas long as short
HTX NATGAS-USDT+0.0224%4h3.0052+0.173%$98K$211K75xas long as short
Binance NATGASUSDT+0.0249%4h3.0025+0.085%$10.1M$29.5M100xas long as short
edgeX NATGASUSDC+0.0255%4h3.0020+0.068%$85K$211K20xas long as short
Bitget NATGASUSDT+0.0328%4h2.9980−0.067%$10.0M$3.5M100xas long as short
GRVT NATGAS_USDT_Perp+0.0364%4h3.0020+0.067%$25K$214K25xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0409% / S −0.0346%1h3.0035+0.117%$92K45xas long as short
Gate NG_USDT+0.0469%8h3.0040+0.133%$1.5M$255K100xas long as short
Kraken Futures PF_NATGASUSD+0.1001%1h3.0041+0.136%$52K$36K20xas long as short