Funding you earn now, next payment 06:00 UTC+0.0611%/8h= +66.9% APRpaid last 24h +0.093%
Price spread now: Kraken Futures against Binance+0.053%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.374%+$37 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.053% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.374% in total (about 19.5% 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 | Binance NATGASUSDT | 3.0057 | 0.0570 | pay 0.0285% / 4h | 2h 04m | $10.3M | $28.5M | 100x |
| Short | Kraken Futures PF_NATGASUSD | 3.0073 | 0.1181 | get 0.0148% / 1h | 4m 47s | $56K | $35K | 20x |
Binance NATGASUSDT
Kraken Futures PF_NATGASUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- $128.35
- Price spread: +0.053% → 0.000%
- $5.31
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $113.66
- Costs to cover
- 0.200%
- Break-even
- 0.8 days
Slippage unknown: Binance: live order book, 7 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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 Binance live order book, 7 min ago | 1.66 bp | 6.7 bp −$7 | 9.8 bp −$98 | 38.3 bp −$3,827 | 138.6 bp −$69.3K |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 2.8455 | −5.330% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.050% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0061 | +0.013% | $629K | $504K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0051 | −0.022% | $110K | $333K | 5x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0050 | −0.023% | $660K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0060 | +0.010% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0089 | +0.106% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0052% | 1h | 3.0053 | −0.014% | $6.0M | $5.5M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0062% | 8h | 3.0073 | +0.052% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0064% | 1h | 3.0061 | +0.013% | $35K | — | 20x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERP
Hotstuff NATGAS-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0058 | +0.002% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.143% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.190% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0050 | −0.023% | $1.5M | $93K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0114% | 4h | 3.0075 | +0.060% | $107K | $211K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0154% | 4h | 3.0061 | +0.014% | $13K | $212K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0312% | 4h | 3.0050 | −0.023% | $1.0M | $944K | 20x | as long as short |
| Aster NATGASUSDT | +0.0328% | 4h | 3.0086 | +0.096% | $265K | $75K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0530% / S −0.0531% | 1h | 3.0055 | −0.007% | $88K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0548% | 4h | 3.0060 | +0.009% | $317K | $432K | — | as long as short |
| Binance NATGASUSDTlong | +0.0570% | 4h | 3.0057 | long leg | $10.3M | $28.5M | 100x | |
| edgeX NATGASUSDC | +0.0599% | 4h | 3.0070 | +0.043% | $85K | $212K | 20x | as long as short |
| Gate NG_USDT | +0.0615% | 8h | 3.0090 | +0.110% | $1.5M | $196K | 100x | as long as short |
| BloFin NG-USDT | +0.0629% | 8h | 3.0060 | +0.010% | $81K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0654% | 8h | 3.0060 | +0.010% | $868K | $1.7M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0976% | 4h | 3.0030 | −0.090% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSDshort | +0.1181% | 1h | 3.0073 | +0.053% | $56K | $35K | 20x |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
edgeX NATGASUSDC
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT