Funding you earn now, next payment 12:00 UTC−0.0228%/8h= −24.9% APRpaid last 24h −0.028%
Price spread now: KuCoin against OKX−0.067%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$610.607% of the position
Funding, last 7 days−0.208%−$21 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now −0.067%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.056% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX NG-USDT-SWAP | 3.0000 | 0.0348 | pay 0.0348% / 8h | 5h 26m | $834K | $2.0M | 50x |
| Short | KuCoin NATGASUSDTM | 2.9980 | 0.0120 | get 0.0060% / 4h | 1h 26m | $1.1M | $784K | 20x |
OKX NG-USDT-SWAP
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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
- −$47.82
- Price spread: −0.067% → −0.011%
- −$5.59
- Slippage, 4 orders
- −$38.73
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$114.14
- Costs to cover
- 0.607%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 1 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 OKX live order book, 3 min ago | 1.67 bp | 9.5 bp −$10 | 20.6 bp −$206 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 1.67 bp | 20.7 bp −$21 | doesn't fit | 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 | 2.9981 | −0.063% | $35K | — | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | −0.0077% | 1h | 3.0004 | +0.013% | $54K | $46K | 20x | as long as short |
| QFEX NATGAS-USD | −0.0004% | 1h | 2.9990 | −0.033% | $660K | $93K | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | 0.0000% | 4h | 3.0005 | +0.018% | $19K | $200K | 25x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8354 | −5.487% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0022 | +0.073% | $2K | $1.7M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0024 | +0.080% | $118K | $220K | 75x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9987 | −0.043% | $648K | $793K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9976 | −0.079% | $122K | $368K | 5x | as long as short |
| Aster NATGASUSDT | +0.0035% | 4h | 3.0000 | 0.000% | $258K | $74K | 50x | as long as short |
Hotstuff NATGAS-PERP
Kraken Futures PF_NATGASUSD
QFEX NATGAS-USD
GRVT NATGAS_USDT_Perp
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Aster NATGASUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NG-PERP | +0.0046% | 1h | 2.9990 | −0.033% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9977 | −0.077% | $6.0M | $4.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0024 | +0.080% | $84K | $28K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 2.9990 | −0.033% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9960 | −0.133% | $68K | $39K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9990 | −0.033% | $1.5M | $93K | 10x | as long as short |
| Variational Omni NATGAS | +0.0116% | 4h | 3.0008 | +0.026% | $356K | $420K | — | as long as short |
| KuCoin NATGASUSDTMshort | +0.0120% | 4h | 2.9980 | −0.067% | $1.1M | $784K | 20x | |
| edgeX NATGASUSDC | +0.0198% | 4h | 2.9998 | −0.007% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0201% | 4h | 2.9986 | −0.047% | $10.0M | $32.6M | 100x | as long as short |
| Gate NG_USDT | +0.0265% | 8h | 3.0020 | +0.067% | $1.5M | $200K | 100x | as long as short |
| OKX NG-USDT-SWAPlong | +0.0348% | 8h | 3.0000 | long leg | $834K | $2.0M | 50x | |
| BloFin NG-USDT | +0.0364% | 8h | 2.9990 | −0.033% | $80K | $201K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0448% / S −0.0430% | 1h | 3.0005 | +0.017% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0734% | 4h | 2.9960 | −0.133% | $9.9M | $2.8M | 100x | as long as short |
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Gate NG_USDT
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT