Funding you earn now, next payment 08:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.33 per $10,000 · paid last 24h +0.053%
Price spread now: KuCoin against Phemex−0.033%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1071.066% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.033%, 7d avg −0.037%
=The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 3.0070 | 0.0100 | pay 0.0050% / 4h | 31m 16s | $1.5M | $91K | 10x |
| Short | KuCoin NATGASUSDTM | 3.0060 | 0.0166 | get 0.0083% / 4h | 31m 16s | $1.0M | $885K | 20x |
Phemex NGUSDT
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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
- $13.86
- Price spread: −0.033% → −0.037%
- $0.4
- Slippage, 4 orders
- −$82.62
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$92.35
- Costs to cover
- 1.066%
- Break-even
- 53.6 days
Slippage from Phemex: live order book, 2 min ago; KuCoin: live order book, 3 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 Phemex live order book, 2 min ago | 1.66 bp | 35.3 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.66 bp | 15.2 bp −$15 | 535.0 bp −$5,350 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0088% | 1h | 3.0072 | +0.007% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8455 | −5.371% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.073% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.073% | $117K | $217K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0070 | 0.000% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0079 | +0.030% | $632K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0068 | −0.007% | $111K | $271K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | 0.000% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0078 | +0.027% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0088 | +0.060% | $83K | $26K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0078 | +0.027% | $5K | — | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0076% | 4h | 3.0050 | −0.067% | $15K | $222K | 25x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0071 | +0.002% | $70K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.100% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.233% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTlong | +0.0100% | 4h | 3.0070 | long leg | $1.5M | $91K | 10x | |
| KuCoin NATGASUSDTMshort | +0.0166% | 4h | 3.0060 | −0.033% | $1.0M | $885K | 20x | |
| Aster NATGASUSDT | +0.0183% | 4h | 3.0069 | −0.002% | $265K | $65K | 50x | as long as short |
| Variational Omni NATGAS | +0.0402% | 4h | 3.0069 | −0.003% | $319K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0418% | 4h | 3.0078 | +0.027% | $10.4M | $28.4M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0438% | 4h | 3.0067 | −0.011% | $85K | $213K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0578% / S −0.0590% | 1h | 3.0075 | +0.017% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0578% | 8h | 3.0090 | +0.067% | $1.5M | $195K | 100x | as long as short |
| BloFin NG-USDT | +0.0615% | 8h | 3.0060 | −0.033% | $82K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0617% | 8h | 3.0040 | −0.100% | $854K | $1.8M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0860% | 1h | 3.0090 | +0.067% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0866% | 4h | 3.0040 | −0.100% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
GRVT NATGAS_USDT_Perp
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT