KCEX lists EQT_USDT: natural gas producer perp rebuilt the 50.83 flush, long above 53.08

EQT_USDT is now live on KCEX as a USDT-margined perpetual. Max 25x, contract size 0.1, 0% maker and 0.01% taker.

About EQT

EQT Corp is one of the biggest natural gas producers in the US, with most of its output in the Appalachian Basin. The stock tends to trade with Henry Hub gas prices, so this perp is effectively a leveraged gas-equity proxy.

Today on KCEX (3:35 PM ET)

• Last 54.09, fair 54.17, +1.55% on the day.
• 24h high 54.73, 24h low 50.83 (the early flush).
• Turnover about 59.7K USDT, open interest 586 contracts (around 3.2K USDT).
• Funding -0.0199%, mildly negative.

Structure

The 50.83 wick was bought hard. Over the last 4 hours price has held above 53.08, with a 54.69 push at 2:45 PM ET. The latest 15m candles pulled back to about 54.1, still comfortably above that floor.

Call: LONG

A defended floor plus slightly negative funding favours dip buyers. A retest of 54.69 to 54.73 is the target, and a break of the 24h high opens room.

Invalidation: a 15m close below 53.08 loses the afternoon floor.

Gas headlines can gap this, and open interest is small. Size accordingly.