Funding you earn now, next payment 08:00 UTC−0.0811%/8h= −88.8% APRnext payment −$1.01 per $10,000 · paid last 24h −0.217%
Price spread now: Ondo Perps against Kraken Futures−0.125%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−0.538%−$54 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Ondo Perps is 0.125% cheaper against Kraken Futures than usual: you would sell low and buy high (−$13 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 -0.538% in total (about -28.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.01 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 | 3.0041 | 0.0862 | pay 0.0108% / 1h | 9m 12s | $56K | $35K | 20x |
| Short | Ondo Perps NATGAS-USD.P | 3.0003 | 0.0050 | get 0.0006% / 1h | 9m 12s | $82K | $26K | 10x |
Kraken Futures PF_NATGASUSD
Ondo Perps NATGAS-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$170.39
- Price spread: −0.125% → 0.000%
- −$12.51
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$197.9
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Ondo Perps: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Kraken Futures and Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0016% | 1h | 3.0026 | −0.049% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8394 | −5.481% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.005% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0025 | −0.052% | $117K | $216K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0010 | −0.102% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0033 | −0.025% | $631K | $495K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0018 | −0.075% | $109K | $273K | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0044% | 4h | 3.0005 | −0.118% | $15K | $222K | 25x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.035% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0031 | −0.032% | $6.0M | $5.2M | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
GRVT NATGAS_USDT_Perp
Vest NG-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NATGAS-USD.Pshort | +0.0050% | 1h | 3.0003 | −0.125% | $82K | $26K | 10x | |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0027 | −0.047% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0004 | −0.122% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.135% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.135% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.069% | $1.5M | $90K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0142% | 4h | 3.0010 | −0.102% | $1.0M | $867K | 20x | as long as short |
| Aster NATGASUSDT | +0.0153% | 4h | 3.0040 | −0.002% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGAS | +0.0349% | 4h | 3.0011 | −0.098% | $318K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0371% | 4h | 3.0032 | −0.029% | $10.4M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0385% | 4h | 3.0011 | −0.098% | $85K | $212K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0557% | 8h | 3.0000 | −0.135% | $802K | $1.8M | 50x | as long as short |
| Gate NG_USDT | +0.0571% | 8h | 3.0040 | −0.002% | $1.5M | $197K | 100x | as long as short |
| BloFin NG-USDT | +0.0584% | 8h | 3.0000 | −0.135% | $80K | $198K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0590% / S −0.0605% | 1h | 3.0025 | −0.052% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0828% | 4h | 3.0000 | −0.135% | $9.9M | $3.0M | 100x | as long as short |
| Kraken Futures PF_NATGASUSDlong | +0.0862% | 1h | 3.0041 | long leg | $56K | $35K | 20x |
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
OKX NG-USDT-SWAP
Gate NG_USDT
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT