Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.0005 | +0.2183 | pay 0.0273% / 1h | 45m 25s | $783K | $184K | 20x | Long Kraken Futures | |
| SHORT | 3.0030 | −0.0121 | pay 0.0015% / 1h | 45m 25s | $329K | $441K | 50x | Short TxFlow5% off |
Price gap+0.084%
Funding gap−0.2304% /8h
The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $69 a day and eats that in about 2 hours. At the last 7 days' pace that is about 12 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$93−0.2304% /8h now · paid −0.929% over the last 7D
Price+$7spread +0.084% now, avg +0.016% → +0.068% if it goes back
Costs−$690.693% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.929% in total, about −0.0443%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.084%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNATGAS on 29 exchanges
lowest funding firstBefore you open
3 ok · 3 to watch- Watch: Thin at this size27.8 / 7.9 bpAt $10k entering Kraken Futures costs 27.8 bp, fee and slippage, 3.5× TxFlow’s.
- Note: Margin at max leverage$500 + $200Kraken Futures 20x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$69.13Long Kraken Futures: 24 payments, −$65.49; short TxFlow: 24 payments, −$3.64.
- OK: Entry gap works for you+0.084% vs +0.016%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$329K vs $783K OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow Season 1Volume here counts toward the points program.
- Watch: KYCKraken Futures Yes · TxFlow NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0443%/8h × 21 periods−$92.94
Price spread+0.084% → +0.016% (7d avg)+$6.79
Slippage, 4 orderslive order books−$50.31
Fee Kraken Futures bp × 2 orders−$10.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$155.46
Costs to cover0.693%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 35 min ago; TxFlow: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures3.7027.8 bp−$28125.7 bp−$1,257doesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.377.9 bp−$87.9 bp−$7933.0 bp−$3,304164.9 bp−$82.4K
Closing costs about the same again.
NATGAS news
posts that mention NATGAS or Natural gas, from every exchange| 10-26 12:25 | Kalshi | Other | JUST IN: Natural gas futures fall to lowest since April @Kalshi on X ↗ |
| 10-24 13:38 | ApeX Omni | Other | “We must save our wealth, our natural resources.” says @prabowo. Days later Indonesia cut the gas to @singapore. So why did US $NATGAS FALL 6%? Why Indonesia cut gas to Singapore, and what it really did to the markets👇 @OfficialApeXdex on X ↗ |
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| 09-17 19:02 | tradeXYZ | Other | CVX references 1 share of Chevron Corporation common stock (NYSE: CVX), quoted in USD. Chevron produces crude oil and natural gas and manufactures transportation fuels, lubricants, and petrochemicals. @tradexyz on X ↗ |

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