NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.040%

Price spread now: KuCoin against Phemex−0.033%50s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$970.967% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.033%, 7d avg −0.037%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NGUSDT	2.9950	0.0100	pay 0.0050% / 4h	6m 24s	$1.5M	$95K	10x
Short	KuCoin NATGASUSDTM	2.9940	0.0100	get 0.0050% / 4h	6m 24s	$1.1M	$720K	20x

Funding history

latest

Range statsloading…

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now −0.033%Rate

Slippage from Phemex: live order book, 5 min ago; KuCoin: live order book, 1 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 5 min ago	1.67 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	3.34 bp	17.7 bp −$18	357.1 bp −$3,571	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	−0.1600%	1h	2.9949	−0.003%	$36K	$599	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8316	−5.456%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9971	+0.070%	$2K	$1.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	2.9969	+0.063%	$118K	$217K	75x	as long as short
QFEX NATGAS-USD	+0.0003%	1h	2.9950	0.000%	$593K	$101K	20x	as long as short
GRVT NATGAS_USDT_Perp	+0.0004%	4h	2.9945	−0.017%	$20K	$214K	25x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9948	−0.007%	$646K	$707K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9925	−0.082%	$123K	$308K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9940	−0.033%	—	$14K	10x	as long as short
Paradex NG-USD-PERP	+0.0050%	8h	2.9947	−0.009%	$5K	—	5x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9963	+0.043%	$84K	$28K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0060%	1h	2.9949	−0.003%	$6.0M	$4.5M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9935	−0.050%	$68K	$36K	10x	as long as short
KuCoin NATGASUSDTMshort	+0.0100%	4h	2.9940	−0.033%	$1.1M	$720K	20x
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.167%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.167%	$3K	$544	10x	as long as short
Phemex NGUSDTlong	+0.0100%	4h	2.9950	long leg	$1.5M	$95K	10x
Aster NATGASUSDT	+0.0164%	4h	2.9978	+0.095%	$258K	$70K	50x	as long as short
Variational Omni NATGAS	+0.0238%	4h	2.9937	−0.044%	$355K	$419K	—	as long as short
Kraken Futures PF_NATGASUSD	+0.0241%	1h	2.9952	+0.007%	$53K	$48K	20x	as long as short
Binance NATGASUSDT	+0.0304%	4h	2.9960	+0.033%	$10.0M	$31.9M	100x	as long as short
edgeX NATGASUSDC	+0.0305%	4h	2.9942	−0.028%	$85K	$211K	20x	as long as short
OKX NG-USDT-SWAP	+0.0366%	8h	2.9940	−0.033%	$835K	$1.8M	50x	as long as short
BloFin NG-USDT	+0.0379%	8h	2.9960	+0.033%	$81K	$201K	20x	as long as short
Gate NG_USDT	+0.0401%	8h	2.9970	+0.067%	$1.5M	$163K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0403% / S −0.0375%	1h	2.9965	+0.050%	$88K	—	45x	as long as short
Bitget NATGASUSDT	+0.0820%	4h	2.9920	−0.100%	$9.9M	$2.5M	100x	as long as short