Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.049%
Price spread now: KuCoin against Binance−0.100%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 7 days+0.078%+$8 · spread now −0.100%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.051% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 3.0030 | 0.0162 | pay 0.0081% / 4h | 1h 45m | $10.0M | $32.6M | 100x |
| Short | KuCoin NATGASUSDTM | 3.0000 | 0.0132 | get 0.0066% / 4h | 1h 45m | $1.1M | $799K | 20x |
Binance NATGASUSDT
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.35
- Price spread: −0.100% → −0.049%
- −$5.13
- Slippage, 4 orders
- −$28.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$61.79
- Costs to cover
- 0.503%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 2 min ago.
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 Binance live order book, 4 min ago | 1.66 bp | 6.7 bp −$7 | 9.0 bp −$90 | 33.6 bp −$3,357 | 121.7 bp −$60.8K |
| Sell KuCoin live order book, 2 min ago | 1.67 bp | 17.8 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.027% | $35K | — | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | −0.0077% | 1h | 3.0029 | −0.004% | $54K | $46K | 20x | as long as short |
| QFEX NATGAS-USD | −0.0004% | 1h | 3.0020 | −0.033% | $661K | $99K | 20x | as long as short |
| Aster NATGASUSDT | 0.0000% | 4h | 3.0000 | −0.099% | $258K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | 0.0000% | 4h | 3.0030 | 0.000% | $19K | $208K | 25x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8386 | −5.475% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.073% | $2K | $1.7M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0044 | +0.047% | $118K | $220K | 75x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0019 | −0.037% | $650K | $791K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0017 | −0.045% | $122K | $368K | 5x | as long as short |
Hotstuff NATGAS-PERP
Kraken Futures PF_NATGASUSD
QFEX NATGAS-USD
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
Lighter NATGAS
Extended XNG-USDShow 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 | 0.000% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0021 | −0.030% | $6.0M | $4.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9960 | −0.233% | $84K | $28K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0025 | −0.016% | $5K | — | 5x | as long as short |
| Variational Omni NATGAS | +0.0086% | 4h | 2.9977 | −0.175% | $355K | $426K | — | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0013 | −0.057% | $68K | $39K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.433% | $36K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.100% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | 0.000% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0132% | 4h | 3.0000 | −0.100% | $1.1M | $799K | 20x | |
| edgeX NATGASUSDC | +0.0157% | 4h | 2.9982 | −0.159% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDTlong | +0.0162% | 4h | 3.0030 | long leg | $10.0M | $32.6M | 100x | |
| Gate NG_USDT | +0.0274% | 8h | 3.0050 | +0.067% | $1.5M | $200K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0350% | 8h | 3.0010 | −0.067% | $833K | $2.0M | 50x | as long as short |
| BloFin NG-USDT | +0.0366% | 8h | 3.0020 | −0.033% | $80K | $202K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0493% / S −0.0486% | 1h | 3.0035 | +0.017% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0706% | 4h | 3.0010 | −0.067% | $9.9M | $2.9M | 100x | as long as short |
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Variational Omni NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
edgeX NATGASUSDC
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT