Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0298%/8h= +32.6% APRnext payment +$0.37 per $10,000 · paid last 24h +0.244%
Price spread now: Kraken Futures against gTrade (Gains Network)+5.691%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 1 day (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 5.691% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$569 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NATGAS/USD2.8356L 0.0000% / S 0.0000%get 0.0000% / 1h9m 50s
ShortKraken Futures PF_NATGASUSD2.99700.0298get 0.0037% / 1h9m 50s$54K$46K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$62.57
Price spread: +5.691% → 0.000%
$569.13
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$611.69
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell Kraken Futures no order-book sample
gTrade (Gains Network) and 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff NATGAS-PERP−0.0088%1h2.9988+5.755%$35K20xas long as short
GRVT NATGAS_USDT_Perp0.0000%4h2.9960+5.658%$20K$208K25xas long as short
gTrade (Gains Network) NATGAS/USDlongL 0.0000% / S 0.0000%1h2.8356long leg
SunX NATGAS-USDT0.0000%4h2.9992+5.770%$2K$1.8M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9990+5.762%$118K$221K75xas long as short
QFEX NATGAS-USD+0.0024%1h2.9970+5.692%$660K$98K20xas long as short
Lighter NATGAS+0.0032%1h2.9976+5.713%$681K$758K10xas long as short
Extended XNG-USD+0.0032%1h2.9977+5.716%$141K$349K5xas long as short
Aster NATGASUSDT+0.0040%4h2.9997+5.787%$258K$74K50xas long as short
Vest NG-PERP+0.0046%1h2.9990+5.762%$14K10xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NATGAS+0.0050%1h2.9975+5.710%$6.0M$4.9M10xas long as short
Ondo Perps NATGAS-USD.P+0.0050%1h2.9954+5.635%$84K$28K10xas long as short
Paradex NG-USD-PERP+0.0052%8h2.9980+5.728%$5K5xas long as short
Pacifica NATGAS+0.0100%1h2.9968+5.685%$68K$39K10xas long as short
ApeX Omni NATGASUSDT+0.0100%1h3.0000+5.798%$37K$214K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+5.798%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9970+5.692%$1.5M$92K10xas long as short
Variational Omni NATGAS+0.0176%4h2.9968+5.686%$355K$429Kas long as short
KuCoin NATGASUSDTM+0.0178%4h2.9970+5.692%$1.1M$816K20xas long as short
Binance NATGASUSDT+0.0224%4h2.9960+5.657%$9.7M$31.7M100xas long as short
edgeX NATGASUSDC+0.0269%4h2.9963+5.666%$85K$212K20xas long as short
Gate NG_USDT+0.0272%8h3.0000+5.798%$1.5M$205K100xas long as short
Kraken Futures PF_NATGASUSDshort+0.0298%1h2.9970+5.691%$54K$46K20x
OKX NG-USDT-SWAP+0.0401%8h2.9970+5.692%$836K$2.0M50xas long as short
BloFin NG-USDT+0.0418%8h2.9970+5.692%$77K$198K20xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0538% / S −0.0542%1h2.9975+5.710%$88K45xas long as short
Bitget NATGASUSDT+0.0756%4h2.9940+5.586%$9.9M$2.9M100xas long as short