Funding you earn now, next payment 04:00 UTC−0.0250%/8h= −27.4% APRnext payment −$1.25 per $10,000 · paid last 24h −0.045%
Price spread now: KuCoin against edgeX−0.065%68s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$930.932% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.065%, 7d avg −0.043%
=Together, before fees−0.008%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.022% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.043%). Swap the legs. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.25 per $10,000. 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 | edgeX NATGASUSDC | 3.0060 | 0.0618 | pay 0.0309% / 4h | 36m 27s | $85K | $212K | 20x |
| Short | KuCoin NATGASUSDTM | 3.0040 | 0.0368 | get 0.0184% / 4h | 36m 27s | $1.1M | $1.0M | 20x |
edgeX NATGASUSDC
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against edgeX. 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
- −$52.53
- Price spread: −0.065% → −0.043%
- −$2.24
- Slippage, 4 orders
- −$72.21
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$147.98
- Costs to cover
- 0.932%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 20 min ago; KuCoin: live order book, 3 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 edgeX live order book, 20 min ago | 13.34 bp | 33.7 bp −$34 | 43.4 bp −$434 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.66 bp | 22.1 bp −$22 | 558.5 bp −$5,585 | doesn't fit | doesn't fit |
NATGAS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.041% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0040 | −0.065% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0050 | −0.032% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0037 | −0.076% | $110K | $434K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0050 | −0.032% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | −0.032% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0080 | +0.068% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0056 | −0.012% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0045 | −0.049% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.198% | $37K | $216K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.198% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0050 | −0.032% | $1.5M | $94K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0110% | 1h | 3.0051 | −0.029% | $6.0M | $5.9M | 10x | as long as short |
| HTX NATGAS-USDT | +0.0214% | 4h | 3.0073 | +0.045% | $105K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0344% | 4h | 3.0050 | −0.032% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0368% | 4h | 3.0040 | −0.065% | $1.1M | $1.0M | 20x | |
| Aster NATGASUSDT | +0.0406% | 4h | 3.0041 | −0.060% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0449% / S −0.0388% | 1h | 3.0055 | −0.015% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0455% | 8h | 3.0080 | +0.068% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDT | +0.0466% | 8h | 3.0050 | −0.032% | $80K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0485% | 8h | 3.0050 | −0.032% | $855K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0594% | 4h | 3.0059 | −0.001% | $312K | $444K | — | as long as short |
| edgeX NATGASUSDClong | +0.0618% | 4h | 3.0060 | long leg | $85K | $212K | 20x | |
| Binance NATGASUSDT | +0.0622% | 4h | 3.0050 | −0.032% | $10.2M | $28.6M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0993% | 1h | 3.0065 | +0.017% | $54K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1002% | 4h | 3.0020 | −0.132% | $9.9M | $3.3M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
tradeXYZ xyz:NATGAS
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT