Funding you earn now, next payment 04:00 UTC−0.0554%/8h= −60.7% APRnext payment −$2.77 per $10,000 · paid last 24h −0.171%
Price spread now: KuCoin against Bitget+0.033%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days−0.866%−$87 on $10k
+Price spread, last 7 days−0.112%−$11 · spread now +0.033%, 7d avg −0.004%
=The price spread pays, funding is against you. KuCoin is 0.038% dearer against Bitget than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.004%): +$4 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 5 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 3.0000 | 0.0822 | pay 0.0411% / 4h | 1h 50m | $9.9M | $3.4M | 100x |
| Short | KuCoin NATGASUSDTM | 3.0010 | 0.0268 | get 0.0134% / 4h | 1h 50m | $1.0M | $1.1M | 20x |
Bitget NATGASUSDT
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$116.34
- Price spread: +0.033% → −0.004%
- $3.77
- Slippage, 4 orders
- −$32.22
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$168.79
- Costs to cover
- 0.562%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 4 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 Bitget live order book, 3 min ago | 1.67 bp | 11.4 bp −$11 | 21.7 bp −$217 | 72.6 bp −$7,264 | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 3.33 bp | 18.7 bp −$19 | 529.3 bp −$5,293 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8385 | −5.383% | — | — | — | 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 | 3.0010 | +0.033% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0026 | +0.087% | $619K | $445K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0001 | +0.004% | $110K | $442K | 5x | 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 | 3.0031 | +0.103% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0026 | +0.088% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0076% | 1h | 3.0011 | +0.037% | $5.9M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9998 | −0.007% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.067% | $1.5M | $95K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0218% | 4h | 3.0029 | +0.097% | $98K | $211K | 75x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0268% | 4h | 3.0010 | +0.033% | $1.0M | $1.1M | 20x | |
| Hotstuff NATGAS-PERP | +0.0272% | 1h | 3.0022 | +0.073% | $35K | — | 20x | as long as short |
| Aster NATGASUSDT | +0.0285% | 4h | 3.0011 | +0.036% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0370% | 4h | 3.0010 | +0.033% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0384% | 8h | 3.0020 | +0.067% | $862K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0403% | 8h | 3.0040 | +0.133% | $1.5M | $208K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0427% / S −0.0364% | 1h | 3.0015 | +0.050% | $92K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0459% | 4h | 3.0009 | +0.030% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0504% | 4h | 3.0010 | +0.033% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0010 | +0.034% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDTlong | +0.0822% | 4h | 3.0000 | long leg | $9.9M | $3.4M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0023 | +0.077% | $53K | $36K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
Hotstuff NATGAS-PERP
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD