Funding you earn now, next payment 08:00 UTC+0.0270%/8h= +29.6% APRnext payment +$1.35 per $10,000 · paid last 24h +0.045%
Price spread now: Binance against KuCoin+0.055%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$480.485% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now +0.055%, 7d avg +0.050%
=The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.35 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 | KuCoin NATGASUSDTM | 3.0010 | 0.0328 | pay 0.0164% / 4h | 3h 37m | $1.0M | $1.0M | 20x |
| Short | Binance NATGASUSDT | 3.0026 | 0.0598 | get 0.0299% / 4h | 3h 37m | $10.2M | $28.4M | 100x |
KuCoin NATGASUSDTM
Binance NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $56.79
- Price spread: +0.055% → +0.050%
- $0.49
- Slippage, 4 orders
- −$26.47
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $8.81
- Costs to cover
- 0.485%
- Break-even
- 5.9 days
Slippage from KuCoin: live order book, 2 min ago; Binance: 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 KuCoin live order book, 2 min ago | 3.33 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.66 bp | 7.7 bp −$8 | 11.6 bp −$116 | 39.2 bp −$3,924 | 130.8 bp −$65.4K |
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 | 2.8405 | −5.348% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0041 | +0.103% | $2K | $2.4M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 3.0009 | −0.003% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0020 | +0.033% | $669K | $91K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0003 | −0.023% | $626K | $501K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.041% | $110K | $391K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | 0.000% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9999 | −0.037% | $82K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0061% | 1h | 3.0009 | −0.003% | $6.0M | $5.7M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0073% | 8h | 3.0024 | +0.045% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9991 | −0.063% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.033% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.033% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTMlong | +0.0328% | 4h | 3.0010 | long leg | $1.0M | $1.0M | 20x | |
| Aster NATGASUSDT | +0.0376% | 4h | 3.0039 | +0.096% | $263K | $74K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0390% | 4h | 3.0054 | +0.147% | $107K | $213K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0444% | 4h | 3.0019 | +0.031% | $12K | $230K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0472% / S −0.0414% | 1h | 3.0025 | +0.050% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0531% | 8h | 3.0050 | +0.133% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDT | +0.0538% | 8h | 3.0020 | +0.033% | $81K | $193K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0559% | 8h | 3.0010 | 0.000% | $862K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0576% | 4h | 3.0020 | +0.032% | $316K | $449K | — | as long as short |
| edgeX NATGASUSDC | +0.0598% | 4h | 3.0012 | +0.007% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDTshort | +0.0598% | 4h | 3.0026 | +0.055% | $10.2M | $28.4M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.0856% | 1h | 3.0038 | +0.092% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0978% | 4h | 2.9990 | −0.067% | $9.9M | $3.2M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT