Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0824%/8h= +90.3% APRpaid last 24h +0.207%

Price spread now: Kraken Futures against HTX−0.053%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.735%+$73 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.053% cheaper against HTX than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.735% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NATGAS-USDT	3.0054	0.0037	pay 0.0019% / 4h	49m 47s	$117K	$216K	75x
Short	Kraken Futures PF_NATGASUSD	3.0038	0.0862	get 0.0108% / 1h	49m 47s	$56K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee Kraken FuturesbpOrdersPrice spread, now −0.053%Rate

Funding earned: $173.11
Price spread: −0.053% → 0.000%: −$5.34
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $145.78
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: HTX: live order book, 52 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 HTX live order book, 52 min ago	3.16 bp	11.1 bp −$11	20.9 bp −$209	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 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	2.8394	−5.523%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0042	−0.040%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0004%	1h	3.0020	−0.113%	$659K	$96K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0013	−0.136%	$630K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0007	−0.155%	$111K	$283K	5x	as long as short
HTX NATGAS-USDTlong	+0.0037%	4h	3.0054	long leg	$117K	$216K	75x
Vest NG-PERP	+0.0046%	1h	3.0030	−0.080%	—	$14K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0012	−0.140%	$6.0M	$5.3M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0010	−0.146%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0052%	8h	3.0036	−0.061%	$5K	—	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	+0.0096%	1h	3.0025	−0.096%	$35K	—	20x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0008	−0.153%	$68K	$30K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.180%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.180%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	−0.113%	$1.5M	$92K	10x	as long as short
GRVT NATGAS_USDT_Perp	+0.0128%	4h	3.0030	−0.079%	$15K	$222K	25x	as long as short
KuCoin NATGASUSDTM	+0.0204%	4h	3.0010	−0.146%	$1.0M	$892K	20x	as long as short
Aster NATGASUSDT	+0.0235%	4h	3.0018	−0.121%	$264K	$65K	50x	as long as short
Variational Omni NATGAS	+0.0450%	4h	3.0019	−0.116%	$318K	$393K	—	as long as short
Binance NATGASUSDT	+0.0475%	4h	3.0010	−0.146%	$10.3M	$28.5M	100x	as long as short
edgeX NATGASUSDC	+0.0501%	4h	3.0034	−0.068%	$85K	$212K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0573% / S −0.0584%	1h	3.0025	−0.096%	$88K	—	45x	as long as short
Gate NG_USDT	+0.0577%	8h	3.0040	−0.047%	$1.5M	$195K	100x	as long as short
OKX NG-USDT-SWAP	+0.0651%	8h	3.0010	−0.146%	$868K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0673%	8h	3.0040	−0.047%	$83K	$198K	20x	as long as short
Kraken Futures PF_NATGASUSDshort	+0.0862%	1h	3.0038	−0.053%	$56K	$36K	20x
Bitget NATGASUSDT	+0.0906%	4h	2.9990	−0.213%	$9.9M	$3.1M	100x	as long as short