Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.056%

Price spread now: Paradex against KuCoin+0.153%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.153% dearer against KuCoin than usual: you sell high and buy low (spread +0.153% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NATGASUSDTM	3.0020	0.0102	pay 0.0051% / 4h	2h 34m	$1.0M	$1.1M	20x
Short	Paradex NG-USD-PERP	3.0066	0.0074	get 0.0074% / 8h	6h 34m	$5K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$5.87
Price spread: +0.153% → 0.000%: $15.3
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.57
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; Paradex: no order-book sample. Net counts fees only.

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, 6 min ago	3.33 bp	42.3 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8381	−5.460%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0062	+0.140%	$2K	$2.5M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0030	+0.033%	$658K	$86K	20x	as long as short
Hotstuff NATGAS-PERP	+0.0024%	1h	3.0032	+0.040%	$35K	—	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0020	0.000%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0010	−0.033%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0061	+0.137%	$82K	$27K	10x	as long as short
Paradex NG-USD-PERPshort	+0.0074%	8h	3.0066	+0.153%	$5K	—	5x
Lighter NATGAS	+0.0080%	1h	3.0026	+0.020%	$618K	$445K	10x	as long as short
Extended XNG-USD	+0.0096%	1h	3.0003	−0.057%	$110K	$450K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	3.0028	+0.027%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.067%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.067%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	+0.033%	$1.5M	$95K	10x	as long as short
KuCoin NATGASUSDTMlong	+0.0102%	4h	3.0020	long leg	$1.0M	$1.1M	20x
Aster NATGASUSDT	+0.0187%	4h	3.0012	−0.026%	$265K	$73K	50x	as long as short
HTX NATGAS-USDT	+0.0280%	4h	3.0039	+0.063%	$98K	$213K	75x	as long as short
Variational Omni NATGAS	+0.0316%	4h	3.0040	+0.068%	$312K	$443K	—	as long as short
OKX NG-USDT-SWAP	+0.0333%	8h	3.0020	0.000%	$868K	$1.7M	50x	as long as short
edgeX NATGASUSDC	+0.0364%	4h	3.0040	+0.067%	$85K	$212K	20x	as long as short
Binance NATGASUSDT	+0.0390%	4h	3.0030	+0.033%	$10.1M	$29.1M	100x	as long as short
GRVT NATGAS_USDT_Perp	+0.0406%	4h	3.0040	+0.065%	$12K	$214K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0419% / S −0.0355%	1h	3.0025	+0.017%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0426%	8h	3.0050	+0.100%	$1.5M	$219K	100x	as long as short
Bitget NATGASUSDT	+0.0620%	4h	3.0000	−0.067%	$9.9M	$3.5M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0825%	1h	3.0047	+0.088%	$54K	$37K	20x	as long as short