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

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against Phemex−0.073%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 7 days0.000%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.073% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NGUSDT3.00200.0100pay 0.0050% / 4h1h 51m$1.5M$95K10x
ShortPacifica NATGAS2.99980.0100get 0.0013% / 1h51m 23s$68K$33K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Phemex. 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
$0
Price spread: −0.073% → 0.000%
−$7.33
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$27.33
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 2 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 Phemex live order book, 2 min ago1.67 bp32.3 bp −$32doesn'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
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8385−5.446%as long as short
SunX NATGAS-USDT0.0000%4h3.0032+0.040%$2K$2.4M20xas long as short
QFEX NATGAS-USD+0.0019%1h3.0010−0.033%$658K$85K20xas long as short
Lighter NATGAS+0.0032%1h3.0022+0.007%$619K$445K10xas long as short
Extended XNG-USD+0.0032%1h2.9998−0.074%$110K$442K5xas long as short
Vest NG-PERP+0.0046%1h3.0010−0.033%$37810xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h3.0031+0.037%$82K$26K10xas long as short
Paradex NG-USD-PERP+0.0063%8h3.0020+0.001%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0072%1h3.0010−0.033%$35K20xas long as short
tradeXYZ xyz:NATGAS+0.0092%1h3.0009−0.037%$5.9M$5.9M10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NATGASshort+0.0100%1h2.9998−0.073%$68K$33K10x
ApeX Omni NATGASUSDT+0.0100%1h3.0000−0.067%$37K$218K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000−0.067%$3K$54410xas long as short
Phemex NGUSDTlong+0.0100%4h3.0020long leg$1.5M$95K10x
HTX NATGAS-USDT+0.0220%4h3.0031+0.037%$98K$211K75xas long as short
KuCoin NATGASUSDTM+0.0266%4h3.0010−0.033%$1.0M$1.1M20xas long as short
Aster NATGASUSDT+0.0283%4h3.0007−0.042%$265K$73K50xas long as short
GRVT NATGAS_USDT_Perp+0.0370%4h3.0010−0.033%$12K$214K25xas long as short
OKX NG-USDT-SWAP+0.0384%8h3.00200.000%$862K$1.7M50xas long as short
Gate NG_USDT+0.0408%8h3.0040+0.067%$1.5M$208K100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0427% / S −0.0364%1h3.0015−0.017%$92K45xas long as short
Variational Omni NATGAS+0.0440%4h3.0010−0.033%$311K$444Kas long as short
Binance NATGASUSDT+0.0502%4h3.0015−0.017%$10.2M$28.9M100xas long as short
edgeX NATGASUSDC+0.0510%4h3.0010−0.033%$85K$212K20xas long as short
Bitget NATGASUSDT+0.0816%4h3.0000−0.067%$9.9M$3.4M100xas long as short
Kraken Futures PF_NATGASUSD+0.1109%1h3.0024+0.013%$53K$36K20xas long as short