NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.41 per $10,000 · paid last 24h +0.047%

Price spread now: Binance against KuCoin+0.017%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1121.122% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 2 days (all we have)+0.035%+$4 · spread now +0.017%, 7d avg +0.038%

Together, before fees+0.103%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.038%). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.067% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NATGASUSDTM	2.9950	0.0100	pay 0.0050% / 4h	14m 51s	$1.0M	$1.2M	20x
Short	Binance NATGASUSDT	2.9955	0.0182	get 0.0091% / 4h	14m 51s	$10.1M	$29.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee BinancebpOrdersPrice spread, now +0.017%Rate

Funding earned: $17.28
Price spread: +0.017% → +0.038%: −$2.06
Slippage, 4 orders: −$90.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.98
Costs to cover: 1.122%
Break-even: 46.3 days

Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 12 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, 5 min ago	3.34 bp	51.1 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.67 bp	6.7 bp −$7	8.7 bp −$87	35.8 bp −$3,575	137.1 bp −$68.5K

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
GRVT NATGAS_USDT_Perp	0.0000%	4h	2.9948	−0.006%	$13K	$238K	25x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8306	−5.489%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9947	−0.010%	$2K	$2.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	2.9987	+0.124%	$98K	$212K	75x	as long as short
QFEX NATGAS-USD	+0.0030%	1h	2.9950	0.000%	$657K	$86K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9968	+0.060%	$616K	$419K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9950	0.000%	—	$378	10x	as long as short
Extended XNG-USD	+0.0048%	1h	2.9943	−0.022%	$110K	$453K	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9947	−0.010%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9973	+0.077%	$84K	$43K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	+0.0056%	1h	2.9952	+0.007%	$35K	—	20x	as long as short
Aster NATGASUSDT	+0.0058%	4h	2.9960	+0.033%	$265K	$73K	50x	as long as short
Paradex NG-USD-PERP	+0.0066%	8h	2.9953	+0.010%	$5K	—	5x	as long as short
Variational Omni NATGAS	+0.0080%	4h	2.9951	+0.002%	$311K	$443K	—	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9951	+0.004%	$68K	$33K	10x	as long as short
KuCoin NATGASUSDTMlong	+0.0100%	4h	2.9950	long leg	$1.0M	$1.2M	20x
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.167%	$36K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.167%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9950	0.000%	$1.5M	$97K	10x	as long as short
OKX NG-USDT-SWAP	+0.0127%	8h	2.9960	+0.033%	$856K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0157%	8h	2.9960	+0.033%	$80K	$189K	20x	as long as short
Gate NG_USDT	+0.0171%	8h	2.9980	+0.100%	$1.5M	$285K	100x	as long as short
Binance NATGASUSDTshort	+0.0182%	4h	2.9955	+0.017%	$10.1M	$29.9M	100x
edgeX NATGASUSDC	+0.0208%	4h	2.9951	+0.002%	$85K	$213K	20x	as long as short
Bitget NATGASUSDT	+0.0274%	4h	2.9930	−0.067%	$10.0M	$3.7M	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9955	+0.017%	$93K	—	45x	as long as short
Kraken Futures PF_NATGASUSD	+0.1217%	1h	2.9970	+0.068%	$52K	$39K	20x	as long as short