Funding you earn now, next payment 23:00 UTC+0.0415%/8h= +45.4% APRpaid last 24h +0.134%
Price spread now: Kraken Futures against Orderly+0.148%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.148% dearer against Orderly than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NATGAS_USDC_mythos | 2.9900 | 0.0100 | pay 0.0100% / 8h | 1h 24m | $3K | $544 | 10x |
| Short | Kraken Futures PF_NATGASUSD | 2.9944 | 0.0515 | get 0.0064% / 1h | 24m 05s | $52K | $44K | 20x |
Orderly PERP_NATGAS_USDC_mythos
Kraken Futures PF_NATGASUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Orderly. 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
- $87.16
- Price spread: +0.148% → 0.000%
- $14.84
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $86
- Costs to cover
- 0.160%
- Break-even
- 0.1 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Orderly and 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0048% | 1h | 2.9914 | +0.047% | $35K | — | 20x | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9908 | +0.027% | $2K | $2.6M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9915 | +0.050% | $618K | $411K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9910 | +0.033% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9921 | +0.070% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9908 | +0.027% | $84K | $50K | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9907 | +0.022% | $68K | $34K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | 0.000% | $36K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythoslong | +0.0100% | 8h | 2.9900 | long leg | $3K | $544 | 10x | |
| Phemex NGUSDT | +0.0100% | 4h | 2.9930 | +0.100% | $1.5M | $100K | 10x | as long as short |
Hotstuff NATGAS-PERP
SunX NATGAS-USDT
Lighter NATGAS
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Pacifica NATGAS
ApeX Omni NATGASUSDT
Phemex NGUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0127% | 8h | 2.9922 | +0.074% | $5K | — | 5x | as long as short |
| Extended XNG-USD | +0.0160% | 1h | 2.9905 | +0.018% | $110K | $1.2M | 5x | as long as short |
| QFEX NATGAS-USD | +0.0160% | 1h | 2.9920 | +0.067% | $656K | $86K | 20x | as long as short |
| Gate NG_USDT | +0.0232% | 8h | 2.9950 | +0.167% | $1.5M | $307K | 100x | as long as short |
| KuCoin NATGASUSDTM | +0.0242% | 4h | 2.9920 | +0.067% | $1.0M | $1.2M | 20x | as long as short |
| HTX NATGAS-USDT | +0.0259% | 4h | 2.9953 | +0.177% | $98K | $214K | 75x | as long as short |
| OKX NG-USDT-SWAP | +0.0329% | 8h | 2.9920 | +0.067% | $855K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0330% | 8h | 2.9920 | +0.067% | $80K | $189K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0406% / S −0.0333% | 1h | 2.9935 | +0.117% | $93K | — | 45x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0440% | 4h | 2.9916 | +0.052% | $13K | $246K | 25x | as long as short |
| Kraken Futures PF_NATGASUSDshort | +0.0515% | 1h | 2.9944 | +0.148% | $52K | $44K | 20x | |
| Aster NATGASUSDT | +0.0574% | 4h | 2.9940 | +0.134% | $265K | $105K | 50x | as long as short |
| Variational Omni NATGAS | +0.0608% | 4h | 2.9921 | +0.071% | $311K | $446K | — | as long as short |
| Binance NATGASUSDT | +0.0650% | 4h | 2.9930 | +0.100% | $10.1M | $31.1M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0711% | 4h | 2.9921 | +0.071% | $85K | $211K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0866% | 4h | 2.9900 | 0.000% | $10.0M | $4.0M | 100x | as long as short |
Paradex NG-USD-PERP
Extended XNG-USD
QFEX NATGAS-USD
Gate NG_USDT
KuCoin NATGASUSDTM
HTX NATGAS-USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT