NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1017%/8h= +111.4% APRnext payment +$1.27 per $10,000 · paid last 24h +0.170%

Price spread now: Kraken Futures against tradeXYZ+0.069%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.568%+$57 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Kraken Futures is 0.069% dearer against tradeXYZ than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.568% in total (about 29.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.27 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	tradeXYZ xyz:NATGAS	3.0005	0.0092	pay 0.0011% / 1h	21m 49s	$6.0M	$5.9M	10x
Short	Kraken Futures PF_NATGASUSD	3.0026	0.1109	get 0.0139% / 1h	21m 49s	$53K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against tradeXYZ. 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

Position, each leg$Hold fordaysFee tradeXYZbpFee Kraken FuturesbpOrdersPrice spread, now +0.069%Rate

Funding earned: $213.64
Price spread: +0.069% → 0.000%: $6.92
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $192.56
Costs to cover: 0.280%
Break-even: 0.7 days

Slippage unknown: tradeXYZ: live order book, 5 min ago; 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 tradeXYZ live order book, 5 min ago	0.17 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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 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	2.8436	−5.229%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0032	+0.090%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0010	+0.017%	$658K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0021	+0.053%	$619K	$494K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0020	+0.050%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0038	+0.110%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0066%	8h	3.0020	+0.051%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGASlong	+0.0092%	1h	3.0005	long leg	$6.0M	$5.9M	10x
Pacifica NATGAS	+0.0100%	1h	3.0016	+0.035%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.017%	$37K	$215K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.017%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0010	+0.017%	$1.5M	$95K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0112%	1h	3.0013	+0.027%	$35K	—	20x	as long as short
Extended XNG-USD	+0.0128%	1h	2.9996	−0.030%	$110K	$444K	5x	as long as short
HTX NATGAS-USDT	+0.0254%	4h	3.0042	+0.123%	$101K	$213K	75x	as long as short
KuCoin NATGASUSDTM	+0.0360%	4h	3.0010	+0.017%	$1.1M	$1.1M	20x	as long as short
Aster NATGASUSDT	+0.0382%	4h	3.0012	+0.022%	$265K	$73K	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0404%	4h	3.0027	+0.072%	$12K	$214K	25x	as long as short
BloFin NG-USDT	+0.0406%	8h	2.9990	−0.050%	$81K	$188K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0435% / S −0.0373%	1h	3.0015	+0.033%	$92K	—	45x	as long as short
OKX NG-USDT-SWAP	+0.0439%	8h	3.0020	+0.050%	$853K	$1.7M	50x	as long as short
Gate NG_USDT	+0.0451%	8h	3.0060	+0.183%	$1.5M	$209K	100x	as long as short
Variational Omni NATGAS	+0.0547%	4h	3.0019	+0.046%	$311K	$444K	—	as long as short
Binance NATGASUSDT	+0.0595%	4h	3.0010	+0.017%	$10.2M	$28.9M	100x	as long as short
edgeX NATGASUSDC	+0.0598%	4h	3.0019	+0.046%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.0966%	4h	2.9990	−0.050%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSDshort	+0.1109%	1h	3.0026	+0.069%	$53K	$34K	20x