Funding you earn now, next payment 03:00 UTC+0.0293%/8h= +32.1% APRpaid last 24h +0.047%
Price spread now: KuCoin against tradeXYZ−0.027%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$620.619% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 7 days−0.055%−$6 · spread now −0.027%, 7d avg +0.004%
=Together, before fees+0.084%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.031% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.004%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.139% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.2% 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 | tradeXYZ xyz:NATGAS | 3.0008 | 0.0093 | pay 0.0012% / 1h | 0m 56s | $6.0M | $5.9M | 10x |
| Short | KuCoin NATGASUSDTM | 3.0000 | 0.0386 | get 0.0193% / 4h | 1h 00m | $1.1M | $1.1M | 20x |
tradeXYZ xyz:NATGAS
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against tradeXYZ. 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
- $61.58
- Price spread: −0.027% → +0.004%
- −$3.1
- Slippage, 4 orders
- −$31.9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$3.43
- Costs to cover
- 0.619%
- Break-even
- 7.4 days
Slippage from tradeXYZ: live order book, 7 min ago; KuCoin: live order book, 4 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 tradeXYZ live order book, 7 min ago | 0.33 bp | 10.1 bp −$10 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 1.67 bp | 22.4 bp −$22 | 538.8 bp −$5,388 | 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 | 2.8425 | −5.275% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.080% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0000 | −0.027% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9998 | −0.033% | $618K | $495K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0008 | 0.000% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.007% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0028 | +0.067% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0060% | 8h | 3.0016 | +0.027% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0093% | 1h | 3.0008 | long leg | $6.0M | $5.9M | 10x | |
| Pacifica NATGAS | +0.0100% | 1h | 2.9978 | −0.100% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGASShow 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 | −0.027% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.027% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0000 | −0.027% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USD | +0.0128% | 1h | 2.9991 | −0.055% | $110K | $445K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0239% | 4h | 3.0030 | +0.073% | $105K | $216K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0382% | 4h | 3.0002 | −0.019% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0386% | 4h | 3.0000 | −0.027% | $1.1M | $1.1M | 20x | |
| Aster NATGASUSDT | +0.0409% | 4h | 3.0001 | −0.023% | $265K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0442% / S −0.0381% | 1h | 3.0015 | +0.023% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0459% | 8h | 3.0040 | +0.107% | $1.5M | $211K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0479% | 8h | 3.0000 | −0.027% | $853K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0481% | 8h | 3.0000 | −0.027% | $80K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0595% | 4h | 3.0009 | +0.003% | $311K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0617% | 4h | 2.9999 | −0.030% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0622% | 4h | 3.0015 | +0.023% | $10.2M | $28.9M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0994% | 4h | 2.9980 | −0.093% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0025 | +0.058% | $53K | $34K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD