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: KuCoin against Pacifica0.000%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+0.072%+$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 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
LongPacifica NATGAS3.00400.0100pay 0.0013% / 1h4m 18s$68K$33K10x
ShortKuCoin NATGASUSDTM3.00400.0364get 0.0182% / 4h3h 04m$1.0M$982K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$55.44
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$35.44
Costs to cover
0.200%
Break-even
2.5 days
Slippage unknown: Pacifica: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago1.66 bp15.4 bp −$15528.4 bp −$5,284doesn'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%1h2.8440−5.326%as long as short
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%1h3.0050+0.033%$6.0M$5.6M10xas long as short
Paradex NG-USD-PERP+0.0096%8h3.0066+0.086%$5K5xas long as short
Pacifica NATGASlong+0.0100%1h3.0040long leg$68K$33K10x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.133%$37K$218K50xas long as short
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+0.0208%1h3.0038−0.005%$110K$364K5xas long as short
KuCoin NATGASUSDTMshort+0.0364%4h3.00400.000%$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
HTX NATGAS-USDT+0.0495%4h3.0072+0.107%$107K$212K75xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0497% / S −0.0442%1h3.0055+0.050%$92K45xas 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+0.0612%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%1h3.0068+0.093%$56K$35K20xas long as short
Bitget NATGASUSDT+0.1038%4h3.0030−0.033%$9.9M$3.2M100xas long as short