NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1117%/8h= −122.3% APRnext payment −$1.40 per $10,000 · paid last 24h −0.146%

Price spread now: ApeX Omni against Kraken Futures−0.183%75s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.421%−$42 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and ApeX Omni is 0.183% cheaper against Kraken Futures than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 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 -0.421% in total (about -21.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.40 per $10,000. 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	Kraken Futures PF_NATGASUSD	2.9955	0.1217	pay 0.0152% / 1h	36m 10s	$52K	$39K	20x
Short	ApeX Omni NATGASUSDT	2.9900	0.0100	get 0.0013% / 1h	36m 10s	$36K	$216K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.183%Rate

Funding earned: −$234.64
Price spread: −0.183% → 0.000%: −$18.28
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$272.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; ApeX Omni: live order book, 40 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 40 min ago	16.69 bp	60.3 bp −$60	267.3 bp −$2,673	doesn't fit	doesn't fit

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	2.9962	+0.024%	$2K	$2.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	2.9960	+0.018%	$98K	$214K	75x	as long as short
Hotstuff NATGAS-PERP	+0.0016%	1h	2.9936	−0.063%	$35K	—	20x	as long as short
QFEX NATGAS-USD	+0.0030%	1h	2.9930	−0.083%	$657K	$86K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9951	−0.013%	$619K	$416K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9930	−0.083%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9932	−0.076%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9958	+0.011%	$84K	$43K	10x	as long as short
Paradex NG-USD-PERP	+0.0075%	8h	2.9940	−0.050%	$5K	—	5x	as long as short
GRVT NATGAS_USDT_Perp	+0.0082%	4h	2.9933	−0.073%	$13K	$238K	25x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	2.9939	−0.052%	$68K	$33K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	2.9930	−0.083%	$1.0M	$1.2M	20x	as long as short
ApeX Omni NATGASUSDTshort	+0.0100%	1h	2.9900	−0.183%	$36K	$216K	50x
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.183%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9950	−0.016%	$1.5M	$97K	10x	as long as short
Extended XNG-USD	+0.0128%	1h	2.9926	−0.098%	$110K	$471K	5x	as long as short
OKX NG-USDT-SWAP	+0.0191%	8h	2.9940	−0.049%	$857K	$1.7M	50x	as long as short
Gate NG_USDT	+0.0192%	8h	2.9970	+0.051%	$1.5M	$285K	100x	as long as short
Aster NATGASUSDT	+0.0204%	4h	2.9947	−0.027%	$265K	$105K	50x	as long as short
BloFin NG-USDT	+0.0207%	8h	2.9940	−0.049%	$80K	$189K	20x	as long as short
Variational Omni NATGAS	+0.0226%	4h	2.9942	−0.044%	$311K	$443K	—	as long as short
Binance NATGASUSDT	+0.0316%	4h	2.9945	−0.032%	$10.1M	$30.2M	100x	as long as short
edgeX NATGASUSDC	+0.0351%	4h	2.9941	−0.044%	$85K	$212K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9945	−0.033%	$93K	—	45x	as long as short
Bitget NATGASUSDT	+0.0406%	4h	2.9910	−0.149%	$10.0M	$3.9M	100x	as long as short
Kraken Futures PF_NATGASUSDlong	+0.1217%	1h	2.9955	long leg	$52K	$39K	20x