Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0326%/8h= +35.7% APRpaid last 24h +0.056%

Price spread now: KuCoin against Paradex−0.054%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. KuCoin is 0.054% cheaper against Paradex than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NG-USD-PERP	3.0016	0.0060	pay 0.0060% / 8h	5h 00m	$5K	—	5x
Short	KuCoin NATGASUSDTM	3.0000	0.0386	get 0.0193% / 4h	1h 00m	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Paradex. 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 ParadexbpFee KuCoinbpOrdersPrice spread, now −0.054%Rate

Funding earned: $68.52
Price spread: −0.054% → 0.000%: −$5.41
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $47.11
Costs to cover: 0.160%
Break-even: 2.2 days

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
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

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−5.301%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0032	+0.052%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0000	−0.054%	$658K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9998	−0.061%	$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	−0.021%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0028	+0.039%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERPlong	+0.0060%	8h	3.0016	long leg	$5K	—	5x
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	−0.127%	$68K	$33K	10x	as long as short

Show 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	−0.054%	$37K	$214K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.054%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0000	−0.054%	$1.5M	$95K	10x	as long as short
Extended XNG-USD	+0.0128%	1h	2.9991	−0.084%	$110K	$445K	5x	as long as short
HTX NATGAS-USDT	+0.0239%	4h	3.0030	+0.046%	$105K	$216K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0382%	4h	3.0002	−0.046%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTMshort	+0.0386%	4h	3.0000	−0.054%	$1.1M	$1.1M	20x
Aster NATGASUSDT	+0.0410%	4h	3.0000	−0.055%	$265K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0442% / S −0.0381%	1h	3.0015	−0.004%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0460%	8h	3.0040	+0.079%	$1.5M	$211K	100x	as long as short
OKX NG-USDT-SWAP	+0.0480%	8h	3.0000	−0.054%	$853K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0481%	8h	3.0000	−0.054%	$80K	$188K	20x	as long as short
Variational Omni NATGAS	+0.0595%	4h	3.0009	−0.025%	$311K	$444K	—	as long as short
edgeX NATGASUSDC	+0.0617%	4h	2.9999	−0.057%	$85K	$213K	20x	as long as short
Binance NATGASUSDT	+0.0623%	4h	3.0010	−0.021%	$10.2M	$28.9M	100x	as long as short
Bitget NATGASUSDT	+0.0996%	4h	2.9980	−0.121%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1109%	1h	3.0025	+0.030%	$53K	$34K	20x	as long as short