Funding you earn now, next payment 11:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.040%
Price spread now: ApeX Omni against KuCoin+0.333%52s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$191as 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−$1831.833% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)−0.350%−$35 · spread now +0.333%, 7d avg +0.028%
=The price spread pays, funding is against you. ApeX Omni is 0.305% dearer against KuCoin than usual: you sell high and buy low (spread +0.333% now, against its 7-day average of +0.028%): +$31 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NATGASUSDTM | 3.0000 | 0.0130 | pay 0.0065% / 4h | 1h 44m | $1.1M | $798K | 20x |
| Short | ApeX Omni NATGASUSDT | 3.0100 | 0.0100 | get 0.0013% / 1h | 44m 41s | $37K | $215K | 50x |
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against KuCoin. 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
- −$6.3
- Price spread: +0.333% → +0.028%
- $30.51
- Slippage, 4 orders
- −$161.33
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$159.12
- Costs to cover
- 1.833%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: live order book, 64 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 KuCoin live order book, 3 min ago | 1.67 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 64 min ago | 33.33 bp | 75.1 bp −$75 | 298.6 bp −$2,986 | 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 | +0.073% | $35K | — | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | −0.0077% | 1h | 3.0020 | +0.066% | $54K | $46K | 20x | as long as short |
| QFEX NATGAS-USD | −0.0004% | 1h | 3.0020 | +0.067% | $661K | $99K | 20x | as long as short |
| Aster NATGASUSDT | 0.0000% | 4h | 3.0000 | 0.000% | $258K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | 0.0000% | 4h | 3.0034 | +0.112% | $19K | $200K | 25x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8355 | −5.483% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.140% | $2K | $1.7M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0040 | +0.133% | $118K | $220K | 75x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0016 | +0.053% | $649K | $793K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0014 | +0.047% | $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 | +0.100% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0014 | +0.047% | $6.0M | $4.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0013 | +0.043% | $84K | $28K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0025 | +0.084% | $5K | — | 5x | as long as short |
| Variational Omni NATGAS | +0.0088% | 4h | 3.0027 | +0.091% | $356K | $426K | — | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9996 | −0.012% | $68K | $39K | 10x | as long as short |
| ApeX Omni NATGASUSDTshort | +0.0100% | 1h | 3.0100 | +0.333% | $37K | $215K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.067% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTMlong | +0.0130% | 4h | 3.0000 | long leg | $1.1M | $798K | 20x | |
| Binance NATGASUSDT | +0.0167% | 4h | 3.0020 | +0.067% | $10.0M | $32.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0177% | 4h | 3.0026 | +0.087% | $85K | $212K | 20x | as long as short |
| Gate NG_USDT | +0.0268% | 8h | 3.0050 | +0.167% | $1.5M | $200K | 100x | as long as short |
| BloFin NG-USDT | +0.0329% | 8h | 3.0020 | +0.067% | $80K | $202K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0349% | 8h | 3.0010 | +0.033% | $833K | $2.0M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0493% / S −0.0486% | 1h | 3.0025 | +0.083% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0708% | 4h | 3.0000 | 0.000% | $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
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT