Funding you earn now, next payment 03:00 UTC−0.0341%/8h= −37.3% APRpaid last 24h −0.067%
Price spread now: QFEX against KuCoin0.000%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1081.076% of the position
Funding, last 4 days (all we have)−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now 0.000%, 7d avg +0.020%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and QFEX is 0.020% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.112% in total (about -11.6% a year). A funding rate is set anew for every payment. 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 | 0.0360 | pay 0.0180% / 4h | 1h 21m | $1.1M | $1.1M | 20x |
| Short | QFEX NATGAS-USD | 3.0010 | 0.0019 | get 0.0002% / 1h | 21m 35s | $658K | $85K | 20x |
KuCoin NATGASUSDTM
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$71.58
- Price spread: 0.000% → +0.020%
- −$2.01
- Slippage, 4 orders
- −$85.56
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$181.15
- Costs to cover
- 1.076%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; QFEX: live order book, 28 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, 3 min ago | 1.67 bp | 45.4 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 28 min ago | 1.67 bp | 6.7 bp −$7 | 6.7 bp −$67 | 10.6 bp −$1,055 | 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 | 2.8436 | −5.245% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.073% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0019% | 1h | 3.0010 | 0.000% | $658K | $85K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0010 | 0.000% | $618K | $494K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | +0.033% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0038 | +0.093% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0065% | 8h | 3.0021 | +0.037% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0091% | 1h | 3.0005 | −0.017% | $6.0M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0004 | −0.020% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.033% | $37K | $215K | 50x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 27 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 | −0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | 0.000% | $1.5M | $95K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0104% | 1h | 3.0008 | −0.007% | $35K | — | 20x | as long as short |
| Extended XNG-USD | +0.0128% | 1h | 2.9996 | −0.046% | $110K | $444K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0254% | 4h | 3.0042 | +0.107% | $101K | $213K | 75x | as long as short |
| KuCoin NATGASUSDTMlong | +0.0360% | 4h | 3.0010 | long leg | $1.1M | $1.1M | 20x | |
| Aster NATGASUSDT | +0.0384% | 4h | 3.0013 | +0.010% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0406% | 4h | 3.0022 | +0.039% | $12K | $214K | 25x | as long as short |
| BloFin NG-USDT | +0.0406% | 8h | 2.9990 | −0.067% | $81K | $188K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0435% / S −0.0373% | 1h | 3.0015 | +0.017% | $92K | — | 45x | as long as short |
| OKX NG-USDT-SWAP | +0.0439% | 8h | 3.0020 | +0.033% | $853K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0453% | 8h | 3.0060 | +0.167% | $1.5M | $209K | 100x | as long as short |
| Variational Omni NATGAS | +0.0547% | 4h | 3.0019 | +0.029% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0596% | 4h | 3.0010 | 0.000% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0598% | 4h | 3.0019 | +0.029% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0968% | 4h | 2.9980 | −0.100% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0026 | +0.053% | $53K | $34K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
Extended XNG-USD
HTX NATGAS-USDT
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
OKX NG-USDT-SWAP
Gate NG_USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD