Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.056%

Price spread now: KuCoin against Paradex−0.056%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on KuCoin

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

Funding pays, the price is against you. KuCoin is 0.056% cheaper against Paradex than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NG-USD-PERP	3.0027	0.0055	pay 0.0055% / 8h	7h 22m	$5K	—	5x
Short	KuCoin NATGASUSDTM	3.0010	0.0100	get 0.0050% / 4h	3h 22m	$1.0M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Paradex. 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 ParadexbpFee KuCoinbpOrdersPrice spread, now −0.056%Rate

Funding earned: $9.45
Price spread: −0.056% → 0.000%: −$5.61
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.16
Costs to cover: 0.160%
Break-even: 16.0 days

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 3 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	1.66 bp	14.6 bp −$15	541.5 bp −$5,415	doesn't fit	doesn't fit

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 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	2.8381	−5.481%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0041	+0.047%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0015%	1h	3.0010	−0.056%	$659K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0016	−0.036%	$617K	$414K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0009	−0.060%	$112K	$452K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	−0.056%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0008	−0.063%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0046	+0.064%	$84K	$26K	10x	as long as short
Paradex NG-USD-PERPlong	+0.0055%	8h	3.0027	long leg	$5K	—	5x
Aster NATGASUSDT	+0.0083%	4h	3.0030	+0.011%	$266K	$73K	50x	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	2.9998	−0.096%	$68K	$33K	10x	as long as short
KuCoin NATGASUSDTMshort	+0.0100%	4h	3.0010	−0.056%	$1.0M	$1.1M	20x
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.089%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.089%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	−0.023%	$1.5M	$95K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0112%	1h	3.0011	−0.053%	$35K	—	20x	as long as short
Variational Omni NATGAS	+0.0154%	4h	3.0030	+0.011%	$312K	$443K	—	as long as short
BloFin NG-USDT	+0.0200%	8h	2.9990	−0.123%	$81K	$189K	20x	as long as short
HTX NATGAS-USDT	+0.0201%	4h	3.0054	+0.090%	$98K	$210K	75x	as long as short
OKX NG-USDT-SWAP	+0.0221%	8h	3.0020	−0.023%	$863K	$1.7M	50x	as long as short
Binance NATGASUSDT	+0.0250%	4h	3.0026	−0.003%	$10.1M	$29.6M	100x	as long as short
edgeX NATGASUSDC	+0.0261%	4h	3.0032	+0.017%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.0328%	4h	2.9990	−0.123%	$10.0M	$3.5M	100x	as long as short
GRVT NATGAS_USDT_Perp	+0.0378%	4h	3.0030	+0.011%	$25K	$214K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0410% / S −0.0346%	1h	3.0025	−0.006%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0457%	8h	3.0040	+0.044%	$1.5M	$255K	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1001%	1h	3.0027	+0.001%	$52K	$36K	20x	as long as short