Funding you earn now, next payment 08:00 UTC−0.0469%/8h= −51.3% APRpaid last 24h −0.008%
Price spread now: KuCoin against BloFin−0.033%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$590.587% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.033%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.030% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.153% in total (about -8.0% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NG-USDT | 3.0060 | 0.0643 | pay 0.0643% / 8h | 34m 57s | $82K | $198K | 20x |
| Short | KuCoin NATGASUSDTM | 3.0050 | 0.0174 | get 0.0087% / 4h | 34m 57s | $1.0M | $886K | 20x |
BloFin NG-USDT
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$98.45
- Price spread: −0.033% → −0.003%
- −$3.02
- Slippage, 4 orders
- −$34.69
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$160.16
- Costs to cover
- 0.587%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 36 min ago; KuCoin: live order book, 10 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 BloFin live order book, 36 min ago | 3.32 bp | 14.6 bp −$15 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 1.66 bp | 16.8 bp −$17 | 534.3 bp −$5,343 | doesn't fit | doesn't fit |
NATGAS on 27 venues
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 | −0.0072% | 1h | 3.0070 | +0.033% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8436 | −5.403% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.073% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0081 | +0.070% | $117K | $216K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0060 | 0.000% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0066 | +0.020% | $631K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0057 | −0.009% | $111K | $271K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | +0.033% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0051 | −0.030% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0081 | +0.070% | $83K | $26K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0052% | 8h | 3.0073 | +0.042% | $5K | — | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0084% | 4h | 3.0039 | −0.068% | $15K | $222K | 25x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0062 | +0.006% | $70K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.133% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.200% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | 0.000% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0174% | 4h | 3.0050 | −0.033% | $1.0M | $886K | 20x | |
| Aster NATGASUSDT | +0.0191% | 4h | 3.0055 | −0.016% | $265K | $65K | 50x | as long as short |
| Variational Omni NATGAS | +0.0402% | 4h | 3.0069 | +0.030% | $319K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0427% | 4h | 3.0050 | −0.033% | $10.4M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0441% | 4h | 3.0054 | −0.020% | $85K | $212K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0576% / S −0.0588% | 1h | 3.0065 | +0.017% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0581% | 8h | 3.0090 | +0.100% | $1.5M | $195K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0624% | 8h | 3.0050 | −0.033% | $854K | $1.8M | 50x | as long as short |
| BloFin NG-USDTlong | +0.0643% | 8h | 3.0060 | long leg | $82K | $198K | 20x | |
| Kraken Futures PF_NATGASUSD | +0.0861% | 1h | 3.0078 | +0.060% | $56K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0872% | 4h | 3.0040 | −0.067% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
GRVT NATGAS_USDT_Perp
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT