Funding you earn now, next payment 04:00 UTC−0.0268%/8h= −29.4% APRnext payment −$1.34 per $10,000 · paid last 24h −0.045%
Price spread now: KuCoin against edgeX−0.065%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$880.885% of the position
Funding, last 7 days−0.085%−$8 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.065%, 7d avg −0.044%
=Together, before fees+0.056%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.021% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.044%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.34 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 | edgeX NATGASUSDC | 3.0009 | 0.0440 | pay 0.0220% / 4h | 2h 13m | $85K | $213K | 20x |
| Short | KuCoin NATGASUSDTM | 2.9990 | 0.0172 | get 0.0086% / 4h | 2h 13m | $1.0M | $1.1M | 20x |
edgeX NATGASUSDC
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against edgeX. 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
- −$56.32
- Price spread: −0.065% → −0.044%
- −$2.09
- Slippage, 4 orders
- −$67.49
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$146.9
- Costs to cover
- 0.885%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 54 min ago; KuCoin: live order book, 2 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 edgeX live order book, 54 min ago | 13.33 bp | 33.6 bp −$34 | 42.9 bp −$429 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 1.67 bp | 16.3 bp −$16 | 517.6 bp −$5,176 | 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 | 2.8359 | −5.500% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0011 | +0.005% | $2K | $2.5M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 2.9987 | −0.075% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 2.9990 | −0.065% | $658K | $86K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0001 | −0.028% | $618K | $445K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9990 | −0.065% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9983 | −0.088% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0030 | +0.068% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0072% | 8h | 2.9999 | −0.034% | $5K | — | 5x | as long as short |
| Extended XNG-USD | +0.0072% | 1h | 2.9976 | −0.110% | $110K | $449K | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Extended XNG-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9993 | −0.055% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.031% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.031% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0000 | −0.031% | $1.5M | $95K | 10x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0172% | 4h | 2.9990 | −0.065% | $1.0M | $1.1M | 20x | |
| Aster NATGASUSDT | +0.0238% | 4h | 2.9986 | −0.079% | $265K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0247% | 4h | 3.0005 | −0.015% | $98K | $212K | 75x | as long as short |
| OKX NG-USDT-SWAP | +0.0355% | 8h | 3.0000 | −0.031% | $860K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0384% | 4h | 3.0009 | 0.000% | $311K | $444K | — | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0416% | 4h | 3.0019 | +0.031% | $12K | $214K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0423% / S −0.0360% | 1h | 2.9995 | −0.048% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0431% | 8h | 3.0020 | +0.035% | $1.5M | $219K | 100x | as long as short |
| edgeX NATGASUSDClong | +0.0440% | 4h | 3.0009 | long leg | $85K | $213K | 20x | |
| Binance NATGASUSDT | +0.0450% | 4h | 2.9990 | −0.065% | $10.2M | $29.1M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0702% | 4h | 2.9980 | −0.098% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0826% | 1h | 3.0007 | −0.009% | $53K | $38K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
Binance NATGASUSDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD