Funding you earn now, next payment 05:00 UTC+0.0353%/8h= +38.7% APRpaid last 24h +0.077%
Price spread now: KuCoin against QFEX−0.100%56s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1061.061% of the position
Funding, last 4 days (all we have)+0.127%+$13 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.100%, 7d avg −0.020%
=Funding pays, the price is against you. KuCoin is 0.080% cheaper against QFEX than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.020%). If the spread goes back, that is −$8 on $10k: about 18 hours of funding at the current rate (+$11 a day). At the pace of the last 4 days (+0.127% in total) that is about 2.3 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.127% in total (about 12.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NATGAS-USD | 3.0050 | 0.0009 | pay 0.0001% / 1h | 13m 42s | $659K | $96K | 20x |
| Short | KuCoin NATGASUSDTM | 3.0020 | 0.0362 | get 0.0181% / 4h | 3h 13m | $1.0M | $988K | 20x |
QFEX NATGAS-USD
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against QFEX. 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
- $74.19
- Price spread: −0.100% → −0.020%
- −$8.02
- Slippage, 4 orders
- −$84.11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$39.94
- Costs to cover
- 1.061%
- Break-even
- 10.8 days
Slippage from QFEX: live order book, 16 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 QFEX live order book, 16 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 12.4 bp −$1,236 | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 1.66 bp | 41.8 bp −$42 | 606.0 bp −$6,060 | doesn't fit | doesn't fit |
NATGAS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.106% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDlong | +0.0009% | 1h | 3.0050 | long leg | $659K | $96K | 20x | |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0057 | +0.023% | $35K | — | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0055 | +0.017% | $629K | $503K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | 0.000% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0082 | +0.106% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0092% | 1h | 3.0050 | 0.000% | $6.0M | $5.7M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0097% | 8h | 3.0086 | +0.120% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0051 | +0.003% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.166% | $37K | $218K | 50x | as long as short |
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.166% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | +0.067% | $1.5M | $92K | 10x | as long as short |
| Extended XNG-USD | +0.0208% | 1h | 3.0041 | −0.030% | $110K | $364K | 5x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0362% | 4h | 3.0020 | −0.100% | $1.0M | $988K | 20x | |
| Aster NATGASUSDT | +0.0420% | 4h | 3.0060 | +0.033% | $264K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0474% | 4h | 3.0050 | +0.001% | $13K | $223K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0486% / S −0.0429% | 1h | 3.0065 | +0.050% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDT | +0.0536% | 4h | 3.0081 | +0.103% | $106K | $211K | 75x | as long as short |
| Gate NG_USDT | +0.0555% | 8h | 3.0100 | +0.166% | $1.5M | $193K | 100x | as long as short |
| BloFin NG-USDT | +0.0572% | 8h | 3.0060 | +0.033% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0597% | 8h | 3.0060 | +0.033% | $867K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0627% | 4h | 3.0060 | +0.032% | $312K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0646% | 4h | 3.0052 | +0.007% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0653% | 4h | 3.0060 | +0.033% | $10.3M | $28.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0854% | 1h | 3.0078 | +0.092% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1024% | 4h | 3.0040 | −0.033% | $9.9M | $3.2M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
HTX NATGAS-USDT
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT