Funding you earn now, next payment 07:00 UTC−0.0886%/8h= −97.0% APRnext payment −$1.11 per $10,000 · paid last 24h −0.201%
Price spread now: Pacifica against Kraken Futures−0.151%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−0.543%−$54 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Pacifica is 0.151% 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 current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.543% in total (about -28.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 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 | 3.0093 | 0.0986 | pay 0.0123% / 1h | 46m 39s | $56K | $35K | 20x |
| Short | Pacifica NATGAS | 3.0047 | 0.0100 | get 0.0013% / 1h | 46m 39s | $68K | $33K | 10x |
Kraken Futures PF_NATGASUSD
Pacifica NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$186.11
- Price spread: −0.151% → 0.000%
- −$15.14
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$219.25
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Pacifica: 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 Pacifica no order-book sample | — | — | — | — | — |
Kraken Futures and Pacifica: 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 | 2.8460 | −5.426% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | −0.003% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0060 | −0.109% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0076 | −0.056% | $629K | $501K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0065 | −0.092% | $111K | $332K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0032% | 4h | 3.0085 | −0.026% | $107K | $207K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | −0.076% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0060 | −0.109% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0058% | 8h | 3.0088 | −0.017% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0065% | 1h | 3.0072 | −0.069% | $6.0M | $5.5M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-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 NATGASshort | +0.0100% | 1h | 3.0047 | −0.151% | $68K | $33K | 10x | |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.308% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0100 | +0.024% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0080 | −0.043% | $1.5M | $93K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0120% | 1h | 3.0072 | −0.069% | $35K | — | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0128% | 4h | 3.0094 | +0.005% | $22K | $210K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0282% | 4h | 3.0070 | −0.076% | $1.0M | $933K | 20x | as long as short |
| Aster NATGASUSDT | +0.0295% | 4h | 3.0095 | +0.008% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGAS | +0.0521% | 4h | 3.0090 | −0.009% | $318K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0536% | 4h | 3.0080 | −0.043% | $10.3M | $28.6M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0542% / S −0.0545% | 1h | 3.0075 | −0.059% | $88K | — | 45x | as long as short |
| edgeX NATGASUSDC | +0.0551% | 4h | 3.0073 | −0.065% | $85K | $213K | 20x | as long as short |
| Gate NG_USDT | +0.0631% | 8h | 3.0100 | +0.024% | $1.5M | $195K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0651% | 8h | 3.0070 | −0.076% | $870K | $1.8M | 50x | as long as short |
| BloFin NG-USDT | +0.0680% | 8h | 3.0070 | −0.076% | $82K | $195K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0962% | 4h | 3.0050 | −0.142% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSDlong | +0.0986% | 1h | 3.0093 | long leg | $56K | $35K | 20x |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
edgeX NATGASUSDC
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Bitget NATGASUSDT