NATGAS

Alert

Funding spread now, next payment 17:00 UTC+0.0629%/8h

next payment, per $10,000+$0.79paid, last 24h+0.119%paid, last 4 days+0.018%to open and closeno order book

Long on Extended Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.018% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.79 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	Extended XNG-USD	2.9935	0.0032	pay 0.0004% / 1h	8m 05s	$109K	$1.4M	5x
Short	Kraken Futures PF_NATGASUSD	2.9957	0.0661	get 0.0083% / 1h	8m 05s	$53K	$57K	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Kraken FuturesbpOrdersRate

Funding earned: $132.04
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $117.04
Break-even: 0.8 days

Slippage unknown: Extended: live order book, 2 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.073%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Extended live order book, 2 min ago	0.83 bp	3.5 bp −$3	7.3 bp −$73	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 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX NATGAS-USD	0.0000%	1h	$657K	$138K	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	$2K	$2.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	$97K	$224K	75x	as long as short
Hotstuff NATGAS-PERP	+0.0008%	1h	$35K	—	20x	as long as short
Aster NATGASUSDT	+0.0022%	4h	$264K	$102K	50x	as long as short
Lighter NATGAS	+0.0032%	1h	$619K	$403K	10x	as long as short
Extended XNG-USDlong	+0.0032%	1h	$109K	$1.4M	5x
Variational Omni NATGAS	+0.0045%	4h	$664K	$146K	—	as long as short
Vest NG-PERP	+0.0046%	1h	—	$378	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
tradeXYZ xyz:NATGAS	+0.0050%	1h	$5.7M	$5.8M	10x	as long as short
Paradex NG-USD-PERP	+0.0050%	8h	$5K	—	5x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	$87K	$67K	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	$82K	$18K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	$1.0M	$973K	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	$37K	$219K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	$3K	$12	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	$1.5M	$86K	10x	as long as short
Binance NATGASUSDT	+0.0111%	4h	$10.0M	$28.3M	100x	as long as short
edgeX NATGASUSDC	+0.0113%	4h	$85K	$213K	20x	as long as short
OKX NG-USDT-SWAP	+0.0277%	8h	$894K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0282%	8h	$85K	$178K	20x	as long as short
Gate NG_USDT	+0.0341%	8h	$1.5M	$376K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0547% / S −0.0638%	1h	$82K	—	45x	as long as short
Bitget NATGASUSDT	+0.0630%	4h	$9.9M	$4.0M	100x	as long as short
Kraken Futures PF_NATGASUSDshort	+0.0661%	1h	$53K	$57K	20x