Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.019%

Price spread now: KuCoin against Gate−0.166%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$740.737% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.166%, 7d avg −0.099%

Together, before fees−0.247%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.067% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.099%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NG_USDT	3.0050	0.0531	pay 0.0531% / 8h	3h 39m	$1.5M	$192K	100x
Short	KuCoin NATGASUSDTM	3.0000	0.0326	get 0.0163% / 4h	3h 39m	$1.0M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.166%Rate

Funding earned: −$43.05
Price spread: −0.166% → −0.099%: −$6.7
Slippage, 4 orders: −$46.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$123.42
Costs to cover: 0.737%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, just now.

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 Gate live order book, 3 min ago	1.66 bp	20.3 bp −$20	54.8 bp −$548	doesn't fit	doesn't fit
Sell KuCoin live order book, just now	3.33 bp	14.9 bp −$15	529.8 bp −$5,298	doesn't fit	doesn't fit

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	2.8396	−5.504%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0032	−0.060%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0010	−0.133%	$668K	$91K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0004	−0.153%	$626K	$501K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9998	−0.173%	$110K	$395K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	−0.133%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9999	−0.170%	$82K	$26K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0054%	1h	3.0005	−0.150%	$6.0M	$5.7M	10x	as long as short
Paradex NG-USD-PERP	+0.0074%	8h	3.0023	−0.089%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9985	−0.217%	$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	−0.166%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.166%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0010	−0.133%	$1.5M	$93K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0136%	1h	3.0011	−0.130%	$35K	—	20x	as long as short
KuCoin NATGASUSDTMshort	+0.0326%	4h	3.0000	−0.166%	$1.0M	$1.0M	20x
Aster NATGASUSDT	+0.0374%	4h	3.0037	−0.042%	$263K	$74K	50x	as long as short
HTX NATGAS-USDT	+0.0386%	4h	3.0055	+0.017%	$107K	$213K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0468%	4h	3.0020	−0.100%	$12K	$230K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0472% / S −0.0414%	1h	3.0015	−0.116%	$92K	—	45x	as long as short
Gate NG_USDTlong	+0.0531%	8h	3.0050	long leg	$1.5M	$192K	100x
BloFin NG-USDT	+0.0538%	8h	3.0020	−0.100%	$81K	$193K	20x	as long as short
OKX NG-USDT-SWAP	+0.0558%	8h	3.0020	−0.100%	$863K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0576%	4h	3.0020	−0.101%	$316K	$449K	—	as long as short
Binance NATGASUSDT	+0.0597%	4h	3.0012	−0.127%	$10.2M	$28.4M	100x	as long as short
edgeX NATGASUSDC	+0.0600%	4h	3.0010	−0.134%	$85K	$212K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0856%	1h	3.0032	−0.060%	$55K	$35K	20x	as long as short
Bitget NATGASUSDT	+0.0978%	4h	2.9990	−0.200%	$9.9M	$3.2M	100x	as long as short