Funding you earn now, next payment 08:00 UTC+0.0255%/8h= +28.0% APRnext payment +$1.28 per $10,000 · paid last 24h +0.045%
Price spread now: Binance against KuCoin+0.050%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now +0.050%, 7d avg +0.051%
=The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.28 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 | KuCoin NATGASUSDTM | 3.0060 | 0.0278 | pay 0.0139% / 4h | 1h 38m | $1.0M | $927K | 20x |
| Short | Binance NATGASUSDT | 3.0075 | 0.0533 | get 0.0267% / 4h | 1h 38m | $10.3M | $28.6M | 100x |
KuCoin NATGASUSDTM
Binance NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $53.61
- Price spread: +0.050% → +0.051%
- −$0.04
- Slippage, 4 orders
- −$25.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $5.58
- Costs to cover
- 0.480%
- Break-even
- 6.3 days
Slippage from KuCoin: live order book, 6 min ago; Binance: 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 KuCoin live order book, 6 min ago | 3.33 bp | 19.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.66 bp | 6.7 bp −$7 | 11.1 bp −$111 | 36.8 bp −$3,683 | 124.5 bp −$62.2K |
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 | 3.0092 | +0.106% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0060 | 0.000% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0069 | +0.030% | $629K | $502K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0059 | −0.003% | $111K | $281K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0040% | 4h | 3.0084 | +0.080% | $107K | $205K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | +0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0089 | +0.096% | $83K | $26K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0056% | 1h | 3.0068 | +0.027% | $35K | — | 20x | as long as short |
| Paradex NG-USD-PERP | +0.0057% | 8h | 3.0083 | +0.076% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0068% | 1h | 3.0068 | +0.027% | $6.0M | $5.5M | 10x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Hotstuff NATGAS-PERP
Paradex NG-USD-PERP
tradeXYZ xyz:NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0050 | −0.033% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.133% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0100 | +0.133% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | +0.033% | $1.5M | $93K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0134% | 4h | 3.0063 | +0.009% | $22K | $210K | 25x | as long as short |
| KuCoin NATGASUSDTMlong | +0.0278% | 4h | 3.0060 | long leg | $1.0M | $927K | 20x | |
| Aster NATGASUSDT | +0.0290% | 4h | 3.0095 | +0.116% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGAS | +0.0512% | 4h | 3.0070 | +0.032% | $317K | $432K | — | as long as short |
| Binance NATGASUSDTshort | +0.0533% | 4h | 3.0075 | +0.050% | $10.3M | $28.6M | 100x | |
| edgeX NATGASUSDC | +0.0535% | 4h | 3.0067 | +0.024% | $85K | $212K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0547% / S −0.0552% | 1h | 3.0075 | +0.050% | $88K | — | 45x | as long as short |
| BloFin NG-USDT | +0.0632% | 8h | 3.0080 | +0.067% | $82K | $195K | 20x | as long as short |
| Gate NG_USDT | +0.0634% | 8h | 3.0100 | +0.133% | $1.5M | $196K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0652% | 8h | 3.0080 | +0.067% | $876K | $1.8M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0958% | 4h | 3.0050 | −0.033% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0085 | +0.084% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
Variational Omni NATGAS
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
BloFin NG-USDT
Gate NG_USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD