Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Paradex against Pacifica+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Paradex

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.041% dearer against Pacifica than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NATGAS	3.0013	0.0100	pay 0.0013% / 1h	44m 54s	$68K	$39K	10x
Short	Paradex NG-USD-PERP	3.0025	0.0051	get 0.0051% / 8h	5h 44m	$5K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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

Position, each leg$Hold fordaysFee PacificabpFee ParadexbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$10.23
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Pacifica and Paradex: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	−0.1600%	1h	3.0022	+0.030%	$35K	—	20x	as long as short
Kraken Futures PF_NATGASUSD	−0.0077%	1h	3.0020	+0.022%	$54K	$46K	20x	as long as short
QFEX NATGAS-USD	−0.0004%	1h	3.0020	+0.023%	$661K	$99K	20x	as long as short
Aster NATGASUSDT	0.0000%	4h	3.0000	−0.043%	$258K	$74K	50x	as long as short
GRVT NATGAS_USDT_Perp	0.0000%	4h	3.0034	+0.069%	$19K	$200K	25x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8355	−5.524%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0042	+0.097%	$2K	$1.7M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	3.0040	+0.090%	$118K	$220K	75x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0006	−0.023%	$650K	$791K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0010	−0.010%	$122K	$368K	5x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest NG-PERP	+0.0046%	1h	3.0030	+0.057%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0005	−0.027%	$6.0M	$4.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0013	0.000%	$84K	$28K	10x	as long as short
Paradex NG-USD-PERPshort	+0.0051%	8h	3.0025	+0.041%	$5K	—	5x
Variational Omni NATGAS	+0.0088%	4h	3.0027	+0.048%	$356K	$426K	—	as long as short
Pacifica NATGASlong	+0.0100%	1h	3.0013	long leg	$68K	$39K	10x
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.290%	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.043%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.023%	$1.5M	$93K	10x	as long as short
KuCoin NATGASUSDTM	+0.0132%	4h	3.0000	−0.043%	$1.1M	$798K	20x	as long as short
Binance NATGASUSDT	+0.0164%	4h	3.0028	+0.051%	$10.0M	$32.6M	100x	as long as short
edgeX NATGASUSDC	+0.0177%	4h	3.0026	+0.043%	$85K	$212K	20x	as long as short
Gate NG_USDT	+0.0271%	8h	3.0050	+0.123%	$1.5M	$200K	100x	as long as short
BloFin NG-USDT	+0.0329%	8h	3.0020	+0.023%	$80K	$202K	20x	as long as short
OKX NG-USDT-SWAP	+0.0349%	8h	3.0010	−0.010%	$833K	$2.0M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0493% / S −0.0486%	1h	3.0025	+0.040%	$88K	—	45x	as long as short
Bitget NATGASUSDT	+0.0706%	4h	2.9990	−0.077%	$9.9M	$2.9M	100x	as long as short