NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0272%/8h= −29.7% APRnext payment −$1.36 per $10,000 · paid last 24h −0.048%

Price spread now: KuCoin against edgeX−0.022%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$900.903% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.022%, 7d avg −0.042%

Together, before fees−0.007%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.020% dearer against edgeX than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.042%): +$2 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.104% in total) that is about 33 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.36 per $10,000. 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	edgeX NATGASUSDC	3.0067	0.0438	pay 0.0219% / 4h	31m 14s	$85K	$213K	20x
Short	KuCoin NATGASUSDTM	3.0060	0.0166	get 0.0083% / 4h	31m 14s	$1.0M	$885K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$57.02
Price spread: −0.022% → −0.042%: $2.04
Slippage, 4 orders: −$69.29
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$145.27
Costs to cover: 0.903%
Break-even: never at this rate

Slippage from edgeX: live order book, 6 min ago; KuCoin: live order book, 3 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 edgeX live order book, 6 min ago	13.31 bp	33.6 bp −$34	43.3 bp −$433	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.66 bp	15.2 bp −$15	535.0 bp −$5,350	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
Hotstuff NATGAS-PERP	−0.0088%	1h	3.0072	+0.018%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8455	−5.360%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0092	+0.085%	$2K	$2.4M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	3.0092	+0.085%	$117K	$217K	75x	as long as short
QFEX NATGAS-USD	+0.0004%	1h	3.0070	+0.011%	$660K	$96K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0080	+0.045%	$632K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0068	+0.004%	$111K	$271K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0070	+0.011%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0078	+0.038%	$6.0M	$5.2M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0088	+0.071%	$83K	$26K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NG-USD-PERP	+0.0051%	8h	3.0078	+0.039%	$5K	—	5x	as long as short
GRVT NATGAS_USDT_Perp	+0.0076%	4h	3.0050	−0.055%	$15K	$222K	25x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0071	+0.014%	$70K	$32K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.111%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.221%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0070	+0.011%	$1.5M	$91K	10x	as long as short
KuCoin NATGASUSDTMshort	+0.0166%	4h	3.0060	−0.022%	$1.0M	$885K	20x
Aster NATGASUSDT	+0.0183%	4h	3.0067	+0.001%	$265K	$65K	50x	as long as short
Variational Omni NATGAS	+0.0402%	4h	3.0069	+0.009%	$319K	$390K	—	as long as short
Binance NATGASUSDT	+0.0418%	4h	3.0070	+0.011%	$10.4M	$28.4M	100x	as long as short
edgeX NATGASUSDClong	+0.0438%	4h	3.0067	long leg	$85K	$213K	20x
Gate NG_USDT	+0.0578%	8h	3.0090	+0.078%	$1.5M	$195K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0578% / S −0.0591%	1h	3.0075	+0.028%	$88K	—	45x	as long as short
BloFin NG-USDT	+0.0611%	8h	3.0060	−0.022%	$82K	$198K	20x	as long as short
OKX NG-USDT-SWAP	+0.0613%	8h	3.0040	−0.088%	$852K	$1.8M	50x	as long as short
Kraken Futures PF_NATGASUSD	+0.0860%	1h	3.0090	+0.079%	$56K	$35K	20x	as long as short
Bitget NATGASUSDT	+0.0866%	4h	3.0040	−0.088%	$9.9M	$3.0M	100x	as long as short