Funding you earn now, next payment 06:00 UTC−0.0536%/8h= −58.7% APRpaid last 24h −0.130%
Price spread now: BloFin against Kraken Futures−0.153%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.302%−$30 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 −$16 a day on $10k at the current rate, and BloFin is 0.153% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 -0.302% in total (about -15.8% 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 | Kraken Futures PF_NATGASUSD | 3.0086 | 0.1181 | pay 0.0148% / 1h | 24m 08s | $56K | $35K | 20x |
| Short | BloFin NG-USDT | 3.0040 | 0.0644 | get 0.0644% / 8h | 2h 24m | $82K | $195K | 20x |
Kraken Futures PF_NATGASUSD
BloFin NG-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$112.62
- Price spread: −0.153% → 0.000%
- −$15.3
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$149.92
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 56 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 BloFin live order book, 56 min ago | 1.66 bp | 12.9 bp −$13 | 20.0 bp −$200 | 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 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 | 2.8461 | −5.401% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | −0.013% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0067 | −0.063% | $629K | $504K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0057 | −0.096% | $110K | $334K | 5x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0060 | −0.086% | $660K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0060 | −0.086% | — | $14K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 3.0062 | −0.080% | $35K | — | 20x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0070 | −0.053% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0069% | 8h | 3.0074 | −0.039% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0071% | 1h | 3.0058 | −0.093% | $6.0M | $5.6M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
QFEX NATGAS-USD
Vest NG-PERP
Hotstuff NATGAS-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0047 | −0.130% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.286% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.286% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | −0.086% | $1.5M | $93K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0211% | 4h | 3.0073 | −0.043% | $107K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0240% | 4h | 3.0041 | −0.151% | $13K | $212K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0354% | 4h | 3.0040 | −0.153% | $1.0M | $957K | 20x | as long as short |
| Aster NATGASUSDT | +0.0386% | 4h | 3.0080 | −0.021% | $264K | $75K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0521% / S −0.0467% | 1h | 3.0065 | −0.070% | $92K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0592% | 4h | 3.0050 | −0.120% | $317K | $432K | — | as long as short |
| Gate NG_USDT | +0.0596% | 8h | 3.0090 | +0.013% | $1.5M | $195K | 100x | as long as short |
| Binance NATGASUSDT | +0.0617% | 4h | 3.0065 | −0.071% | $10.3M | $28.3M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0638% | 4h | 3.0050 | −0.120% | $85K | $212K | 20x | as long as short |
| BloFin NG-USDTshort | +0.0644% | 8h | 3.0040 | −0.153% | $82K | $195K | 20x | |
| OKX NG-USDT-SWAP | +0.0656% | 8h | 3.0050 | −0.120% | $867K | $1.7M | 50x | as long as short |
| Bitget NATGASUSDT | +0.1016% | 4h | 3.0040 | −0.153% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSDlong | +0.1181% | 1h | 3.0086 | long leg | $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
Gate NG_USDT
Binance NATGASUSDT
edgeX NATGASUSDC
OKX NG-USDT-SWAP
Bitget NATGASUSDT