Funding you earn now, next payment 04:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.78 per $10,000 · paid last 24h +0.049%
Price spread now: KuCoin against HTX−0.120%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$540.538% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.120%, 7d avg −0.094%
=Funding pays, the price is against you. KuCoin is 0.026% cheaper against HTX than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of −0.094%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX NATGAS-USDT | 3.0076 | 0.0216 | pay 0.0108% / 4h | 34m 13s | $105K | $212K | 75x |
| Short | KuCoin NATGASUSDTM | 3.0040 | 0.0372 | get 0.0186% / 4h | 34m 13s | $1.1M | $1.0M | 20x |
HTX NATGAS-USDT
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against HTX. 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
- $32.79
- Price spread: −0.120% → −0.094%
- −$2.57
- Slippage, 4 orders
- −$29.79
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$23.57
- Costs to cover
- 0.538%
- Break-even
- 12.0 days
Slippage from HTX: live order book, 22 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 HTX live order book, 22 min ago | 3.50 bp | 9.5 bp −$9 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, just now | 1.66 bp | 15.3 bp −$15 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | −0.013% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0040 | −0.120% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0047 | −0.096% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0038 | −0.127% | $110K | $432K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0053 | −0.076% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | −0.086% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0040 | −0.120% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0056 | −0.067% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0045 | −0.103% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.253% | $37K | $216K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDTShow 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 | −0.253% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | −0.053% | $1.5M | $94K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0115% | 1h | 3.0053 | −0.076% | $6.0M | $5.9M | 10x | as long as short |
| HTX NATGAS-USDTlong | +0.0216% | 4h | 3.0076 | long leg | $105K | $212K | 75x | |
| GRVT NATGAS_USDT_Perp | +0.0348% | 4h | 3.0041 | −0.116% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0372% | 4h | 3.0040 | −0.120% | $1.1M | $1.0M | 20x | |
| Aster NATGASUSDT | +0.0407% | 4h | 3.0043 | −0.110% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0453% / S −0.0393% | 1h | 3.0055 | −0.070% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0458% | 8h | 3.0080 | +0.013% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0490% | 8h | 3.0050 | −0.086% | $855K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0510% | 8h | 3.0050 | −0.086% | $80K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0601% | 4h | 3.0050 | −0.087% | $312K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0623% | 4h | 3.0051 | −0.084% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0624% | 4h | 3.0056 | −0.067% | $10.2M | $28.6M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0993% | 1h | 3.0068 | −0.028% | $54K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1004% | 4h | 3.0030 | −0.153% | $9.9M | $3.3M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
tradeXYZ xyz:NATGAS
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT