Funding you earn now, next payment 04:00 UTC+0.0527%/8h= +57.7% APRpaid last 24h +0.115%
Price spread now: Kraken Futures against BloFin+0.054%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.276%+$28 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 +$16 a day on $10k at the current rate, and Kraken Futures is 0.054% dearer against BloFin 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 two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.276% in total (about 14.4% 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 | BloFin NG-USDT | 3.0050 | 0.0466 | pay 0.0466% / 8h | 4h 35m | $80K | $189K | 20x |
| Short | Kraken Futures PF_NATGASUSD | 3.0066 | 0.0993 | get 0.0124% / 1h | 35m 47s | $54K | $34K | 20x |
BloFin NG-USDT
Kraken Futures PF_NATGASUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $110.62
- Price spread: +0.054% → 0.000%
- $5.44
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $94.06
- Costs to cover
- 0.220%
- Break-even
- 1.0 days
Slippage unknown: BloFin: live order book, 62 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 BloFin live order book, 62 min ago | 1.67 bp | 10.2 bp −$10 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| 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 26 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.073% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0040 | −0.033% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0048 | −0.007% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0038 | −0.040% | $110K | $433K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0050 | 0.000% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | 0.000% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0080 | +0.100% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0056 | +0.020% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0045 | −0.017% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.166% | $37K | $216K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 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 | −0.166% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0050 | 0.000% | $1.5M | $94K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0111% | 1h | 3.0052 | +0.007% | $6.0M | $5.9M | 10x | as long as short |
| HTX NATGAS-USDT | +0.0215% | 4h | 3.0074 | +0.080% | $105K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0344% | 4h | 3.0050 | 0.000% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0368% | 4h | 3.0040 | −0.033% | $1.1M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0406% | 4h | 3.0044 | −0.021% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0449% / S −0.0388% | 1h | 3.0055 | +0.017% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0455% | 8h | 3.0080 | +0.100% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDTlong | +0.0466% | 8h | 3.0050 | long leg | $80K | $189K | 20x | |
| OKX NG-USDT-SWAP | +0.0485% | 8h | 3.0050 | 0.000% | $855K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0601% | 4h | 3.0050 | −0.001% | $312K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0618% | 4h | 3.0060 | +0.032% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0622% | 4h | 3.0050 | 0.000% | $10.2M | $28.6M | 100x | as long as short |
| Kraken Futures PF_NATGASUSDshort | +0.0993% | 1h | 3.0066 | +0.054% | $54K | $34K | 20x | |
| Bitget NATGASUSDT | +0.1002% | 4h | 3.0030 | −0.067% | $9.9M | $3.3M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
tradeXYZ xyz:NATGAS
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT