Funding you earn now, next payment 04:00 UTC−0.0095%/8h= −10.5% APRpaid last 24h −0.019%
Price spread now: KuCoin against BloFin−0.033%65s7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as 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−$600.598% of the position
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.033%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.029% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NG-USDT | 3.0000 | 0.0481 | pay 0.0481% / 8h | 5h 00m | $80K | $188K | 20x |
| Short | KuCoin NATGASUSDTM | 2.9990 | 0.0386 | get 0.0193% / 4h | 1h 00m | $1.1M | $1.1M | 20x |
BloFin NG-USDT
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$20.05
- Price spread: −0.033% → −0.004%
- −$2.91
- Slippage, 4 orders
- −$35.82
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$82.78
- Costs to cover
- 0.598%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 37 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 BloFin live order book, 37 min ago | 1.67 bp | 10.2 bp −$10 | 17.2 bp −$172 | 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 | −5.250% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.107% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0000 | 0.000% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0008 | +0.027% | $618K | $495K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0008 | +0.027% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.033% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0028 | +0.093% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0060% | 8h | 3.0016 | +0.054% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0093% | 1h | 3.0008 | +0.027% | $6.0M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9978 | −0.073% | $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
tradeXYZ xyz:NATGAS
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 | 0.000% | $37K | $214K | 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 | 3.0010 | +0.033% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USD | +0.0128% | 1h | 2.9995 | −0.017% | $110K | $445K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0239% | 4h | 3.0028 | +0.093% | $105K | $216K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0382% | 4h | 3.0002 | +0.008% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0386% | 4h | 2.9990 | −0.033% | $1.1M | $1.1M | 20x | |
| Aster NATGASUSDT | +0.0410% | 4h | 3.0002 | +0.006% | $265K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0443% / S −0.0382% | 1h | 3.0015 | +0.050% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0460% | 8h | 3.0040 | +0.133% | $1.5M | $211K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0480% | 8h | 3.0000 | 0.000% | $853K | $1.7M | 50x | as long as short |
| BloFin NG-USDTlong | +0.0481% | 8h | 3.0000 | long leg | $80K | $188K | 20x | |
| Variational Omni NATGAS | +0.0595% | 4h | 3.0009 | +0.029% | $311K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0617% | 4h | 2.9999 | −0.003% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0623% | 4h | 3.0016 | +0.052% | $10.2M | $28.9M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0996% | 4h | 2.9980 | −0.067% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0025 | +0.083% | $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
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD