Funding you earn now, next payment 00:00 UTC−0.1026%/8h= −112.4% APRpaid last 24h −0.039%
Price spread now: OKX against Kraken Futures−0.049%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.025%−$3 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 −$31 a day on $10k at the current rate, and OKX is 0.049% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% 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 | 2.9955 | 0.1217 | pay 0.0152% / 1h | 36m 07s | $52K | $39K | 20x |
| Short | OKX NG-USDT-SWAP | 2.9940 | 0.0191 | get 0.0191% / 8h | 36m 07s | $857K | $1.7M | 50x |
Kraken Futures PF_NATGASUSD
OKX NG-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$215.55
- Price spread: −0.049% → 0.000%
- −$4.93
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$240.48
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago | 1.67 bp | 10.6 bp −$11 | 18.2 bp −$182 | 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 |
SunX NATGAS-USDT
HTX NATGAS-USDT
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
GRVT NATGAS_USDT_PerpShow 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 NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.183% | $36K | $216K | 50x | as long as short |
| 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-SWAPshort | +0.0191% | 8h | 2.9940 | −0.049% | $857K | $1.7M | 50x | |
| 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 |
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
Gate NG_USDT
Aster NATGASUSDT
BloFin NG-USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT