Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.059%

Price spread now: KuCoin against Vest−0.067%7-day average — · you buy dearer than you sell

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

Long on Vest Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. KuCoin is 0.067% cheaper against Vest than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 16 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	Vest NG-PERP	3.0020	0.0046	pay 0.0006% / 1h	59m 19s	—	$378	10x
Short	KuCoin NATGASUSDTM	3.0000	0.0384	get 0.0192% / 4h	59m 19s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Vest. 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 VestbpFee KuCoinbpOrdersPrice spread, now −0.067%Rate

Funding earned: $71.05
Price spread: −0.067% → 0.000%: −$6.66
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $50.38
Costs to cover: 0.140%
Break-even: 2.0 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, just now. 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 Vest no order-book sample	—	—	—	—	—
Sell KuCoin live order book, just now	1.67 bp	43.0 bp −$43	591.1 bp −$5,911	doesn't fit	doesn't fit

Vest: 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 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	3.0032	+0.040%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0000	−0.067%	$658K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0009	−0.037%	$619K	$494K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0032%	1h	3.0012	−0.027%	$35K	—	20x	as long as short
Vest NG-PERPlong	+0.0046%	1h	3.0020	long leg	—	$378	10x
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0009	−0.037%	$6.0M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0028	+0.027%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0059%	8h	3.0021	+0.004%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9981	−0.129%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.067%	$37K	$214K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.067%	$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	−0.074%	$110K	$445K	5x	as long as short
HTX NATGAS-USDT	+0.0239%	4h	3.0028	+0.027%	$105K	$216K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0380%	4h	3.0001	−0.064%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTMshort	+0.0384%	4h	3.0000	−0.067%	$1.1M	$1.1M	20x
Aster NATGASUSDT	+0.0411%	4h	3.0005	−0.050%	$265K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0443% / S −0.0382%	1h	3.0015	−0.017%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0460%	8h	3.0040	+0.067%	$1.5M	$188K	100x	as long as short
OKX NG-USDT-SWAP	+0.0481%	8h	3.0000	−0.067%	$853K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0481%	8h	3.0000	−0.067%	$80K	$188K	20x	as long as short
Variational Omni NATGAS	+0.0595%	4h	3.0009	−0.037%	$311K	$444K	—	as long as short
Binance NATGASUSDT	+0.0625%	4h	3.0015	−0.016%	$10.2M	$28.9M	100x	as long as short
edgeX NATGASUSDC	+0.0639%	4h	3.0009	−0.037%	$85K	$213K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0994%	1h	3.0025	+0.018%	$53K	$34K	20x	as long as short
Bitget NATGASUSDT	+0.0996%	4h	2.9980	−0.133%	$9.9M	$3.4M	100x	as long as short