Settings8H · net · $10k
Funding arb · Price arb /

NATGAS

RWAall NATGAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.1171%/8h= −128.2% APRnext payment $1.46 per $10,000 · paid last 24h −0.162%
Price spread now: Vest against Kraken Futures−0.027%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Vest is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_NATGASUSD2.99680.1217pay 0.0152% / 1h13m 38s$52K$39K20x
ShortVest NG-PERP2.99600.0046get 0.0006% / 1h13m 38s$37810x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$245.94
Price spread: −0.027% → 0.000%
−$2.67
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
−$260.61
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Vest: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample
Sell Vest no order-book sample
Kraken Futures and Vest: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT NATGAS_USDT_Perp0.0000%4h2.9948−0.066%$13K$238K25xas long as short
gTrade (Gains Network) NATGAS/USDL 0.0000% / S 0.0000%1h2.8305−5.549%as long as short
SunX NATGAS-USDT0.0000%4h2.9972+0.013%$2K$2.6M20xas long as short
HTX NATGAS-USDT0.0000%4h2.9987+0.063%$98K$212K75xas long as short
QFEX NATGAS-USD+0.0030%1h2.9950−0.060%$657K$86K20xas long as short
Lighter NATGAS+0.0032%1h2.99680.000%$616K$419K10xas long as short
Extended XNG-USD+0.0040%1h2.9943−0.082%$110K$453K5xas long as short
Aster NATGASUSDT+0.0041%4h2.9960−0.027%$265K$73K50xas long as short
Vest NG-PERPshort+0.0046%1h2.9960−0.027%$37810x
tradeXYZ xyz:NATGAS+0.0050%1h2.9947−0.070%$5.9M$6.0M10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NATGAS-USD.P+0.0050%1h2.9973+0.017%$84K$43K10xas long as short
Paradex NG-USD-PERP+0.0065%8h2.9955−0.044%$5K5xas long as short
Hotstuff NATGAS-PERP+0.0072%1h2.9951−0.057%$35K20xas long as short
Variational Omni NATGAS+0.0080%4h2.9951−0.058%$311K$443Kas long as short
Pacifica NATGAS+0.0100%1h2.9951−0.055%$68K$33K10xas long as short
KuCoin NATGASUSDTM+0.0100%4h2.9950−0.060%$1.0M$1.2M20xas long as short
ApeX Omni NATGASUSDT+0.0100%1h2.9900−0.227%$36K$217K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.0100%8h3.0000+0.107%$3K$54410xas long as short
Phemex NGUSDT+0.0100%4h2.9950−0.060%$1.5M$97K10xas long as short
OKX NG-USDT-SWAP+0.0124%8h2.9950−0.060%$856K$1.7M50xas long as short
BloFin NG-USDT+0.0157%8h2.9960−0.027%$80K$189K20xas long as short
Gate NG_USDT+0.0167%8h2.9980+0.040%$1.5M$285K100xas long as short
Binance NATGASUSDT+0.0167%4h2.9951−0.057%$10.1M$29.9M100xas long as short
edgeX NATGASUSDC+0.0208%4h2.9951−0.058%$85K$213K20xas long as short
Bitget NATGASUSDT+0.0260%4h2.9930−0.127%$10.0M$3.7M100xas long as short
GMX NATGAS/USD [ETH-USDC]L +0.0406% / S −0.0333%1h2.9955−0.043%$93K45xas long as short
Kraken Futures PF_NATGASUSDlong+0.1217%1h2.9968long leg$52K$39K20x