Funding you earn now, next payment 03:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.042%
Price spread now: ApeX Omni against KuCoin0.000%112s7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as 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−$1811.812% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now 0.000%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and ApeX Omni is 0.039% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 112 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 7 days it paid -0.062% in total (about -3.2% 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 | KuCoin NATGASUSDTM | 3.0000 | 0.0384 | pay 0.0192% / 4h | 59m 42s | $1.1M | $1.1M | 20x |
| Short | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | get 0.0013% / 1h | 59m 42s | $37K | $214K | 50x |
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against KuCoin. 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
- −$59.64
- Price spread: 0.000% → +0.039%
- −$3.89
- Slippage, 4 orders
- −$159.2
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$244.73
- Costs to cover
- 1.812%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 61 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 KuCoin live order book, 5 min ago | 1.67 bp | 17.6 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 61 min ago | 33.33 bp | 68.0 bp −$68 | 270.1 bp −$2,701 | 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 | 3.0009 | +0.030% | $619K | $494K | 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 | +0.0059% | 8h | 3.0021 | +0.071% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0063% | 1h | 3.0009 | +0.030% | $6.0M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9981 | −0.063% | $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 NATGASUSDTshort | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $214K | 50x | |
| 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 | 2.9998 | −0.007% | $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 NATGASUSDTMlong | +0.0384% | 4h | 3.0000 | long leg | $1.1M | $1.1M | 20x | |
| Aster NATGASUSDT | +0.0411% | 4h | 3.0003 | +0.011% | $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 | $188K | 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-USDT | +0.0481% | 8h | 3.0000 | 0.000% | $80K | $188K | 20x | as long as short |
| 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 | +0.0625% | 4h | 3.0016 | +0.053% | $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 |
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