NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0328%/8h= −35.9% APRnext payment −$1.64 per $10,000 · paid last 24h −0.083%

Price spread now: SunX against KuCoin+0.070%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$780.785% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.070%, 7d avg +0.103%

Together, before fees−0.258%−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.103%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NATGASUSDTM	3.0010	0.0328	pay 0.0164% / 4h	3h 42m	$1.0M	$1.0M	20x
Short	SunX NATGAS-USDT	3.0031	0	get 0.0000% / 4h	3h 42m	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$68.88
Price spread: +0.070% → +0.103%: −$3.34
Slippage, 4 orders: −$58.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$150.69
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; SunX: live order book, 5 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, 2 min ago	1.67 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	14.98 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit

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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8406	−5.345%	—	—	—	as long as short
SunX NATGAS-USDTshort	0.0000%	4h	3.0031	+0.070%	$2K	$2.4M	20x
QFEX NATGAS-USD	+0.0009%	1h	3.0010	0.000%	$668K	$91K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0006	−0.013%	$626K	$501K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9999	−0.036%	$110K	$395K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	0.000%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0039	+0.097%	$82K	$26K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0060%	1h	3.0004	−0.020%	$6.0M	$5.7M	10x	as long as short
Paradex NG-USD-PERP	+0.0076%	8h	3.0017	+0.025%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9983	−0.090%	$68K	$33K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.033%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.033%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0010	0.000%	$1.5M	$93K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0208%	1h	3.0006	−0.013%	$35K	—	20x	as long as short
KuCoin NATGASUSDTMlong	+0.0328%	4h	3.0010	long leg	$1.0M	$1.0M	20x
Aster NATGASUSDT	+0.0376%	4h	3.0040	+0.099%	$264K	$74K	50x	as long as short
HTX NATGAS-USDT	+0.0430%	4h	3.0056	+0.153%	$107K	$214K	75x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0471% / S −0.0413%	1h	3.0015	+0.017%	$92K	—	45x	as long as short
BloFin NG-USDT	+0.0528%	8h	3.0030	+0.067%	$81K	$191K	20x	as long as short
Gate NG_USDT	+0.0529%	8h	3.0050	+0.133%	$1.5M	$192K	100x	as long as short
OKX NG-USDT-SWAP	+0.0556%	8h	3.0010	0.000%	$861K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0576%	4h	3.0020	+0.032%	$316K	$449K	—	as long as short
GRVT NATGAS_USDT_Perp	+0.0596%	4h	3.0017	+0.024%	$12K	$230K	25x	as long as short
Binance NATGASUSDT	+0.0599%	4h	3.0010	0.000%	$10.2M	$28.4M	100x	as long as short
edgeX NATGASUSDC	+0.0600%	4h	3.0046	+0.119%	$85K	$213K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0856%	1h	3.0024	+0.048%	$53K	$33K	20x	as long as short
Bitget NATGASUSDT	+0.0980%	4h	2.9980	−0.100%	$9.9M	$3.2M	100x	as long as short