NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.042%

Price spread now: Phemex against KuCoin+0.033%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1491.488% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.033%, 7d avg +0.036%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NATGASUSDTM	3.0030	0.0100	pay 0.0050% / 4h	2h 35m	$1.0M	$1.1M	20x
Short	Phemex NGUSDT	3.0040	0.0100	get 0.0050% / 4h	2h 35m	$1.5M	$94K	10x

Funding history

latest

Range statsloading…

Phemex against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee KuCoinbpFee PhemexbpOrdersPrice spread, now +0.033%Rate

Slippage from KuCoin: live order book, 4 min ago; Phemex: live order book, 2 min ago.

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, 4 min ago	3.33 bp	42.3 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	1.66 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit

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	−0.0024%	1h	3.0027	−0.010%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8400	−5.428%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0062	+0.107%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0030	0.000%	$659K	$86K	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	0.000%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0030	0.000%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0061	+0.103%	$82K	$27K	10x	as long as short
Paradex NG-USD-PERP	+0.0067%	8h	3.0065	+0.117%	$5K	—	5x	as long as short
Extended XNG-USD	+0.0072%	1h	3.0017	−0.044%	$110K	$450K	5x	as long as short
Lighter NATGAS	+0.0080%	1h	3.0039	+0.030%	$618K	$444K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	3.0035	+0.017%	$68K	$33K	10x	as long as short
KuCoin NATGASUSDTMlong	+0.0100%	4h	3.0030	long leg	$1.0M	$1.1M	20x
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.100%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.100%	$3K	$544	10x	as long as short
Phemex NGUSDTshort	+0.0100%	4h	3.0040	+0.033%	$1.5M	$94K	10x
Aster NATGASUSDT	+0.0182%	4h	3.0025	−0.018%	$266K	$73K	50x	as long as short
HTX NATGAS-USDT	+0.0265%	4h	3.0061	+0.103%	$98K	$213K	75x	as long as short
BloFin NG-USDT	+0.0307%	8h	2.9980	−0.167%	$81K	$188K	20x	as long as short
Variational Omni NATGAS	+0.0316%	4h	3.0040	+0.034%	$312K	$443K	—	as long as short
OKX NG-USDT-SWAP	+0.0330%	8h	3.0020	−0.033%	$868K	$1.7M	50x	as long as short
edgeX NATGASUSDC	+0.0364%	4h	3.0040	+0.033%	$85K	$212K	20x	as long as short
Binance NATGASUSDT	+0.0387%	4h	3.0040	+0.033%	$10.1M	$29.1M	100x	as long as short
GRVT NATGAS_USDT_Perp	+0.0406%	4h	3.0040	+0.032%	$12K	$214K	25x	as long as short
Gate NG_USDT	+0.0419%	8h	3.0060	+0.100%	$1.5M	$219K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0420% / S −0.0356%	1h	3.0045	+0.050%	$92K	—	45x	as long as short
Bitget NATGASUSDT	+0.0602%	4h	3.0010	−0.067%	$9.9M	$3.5M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0824%	1h	3.0065	+0.116%	$54K	$37K	20x	as long as short