NATGAS

Alert

Funding spread now, next payment 19:00 UTC−0.0323%/8h

paid, last 24h−0.072%paid, last 4 days+0.003%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.003% in total (about 0.3% a year). A funding rate is set anew for every payment. 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	Kraken Futures PF_NATGASUSD	3.0027	0.0423	pay 0.0053% / 1h	43m 17s	$52K	$56K	20x
Short	KuCoin NATGASUSDTM	3.0000	0.0100	get 0.0050% / 4h	1h 43m	$974K	$1.0M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee KuCoinbpOrdersRate

Funding earned: −$67.74
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$89.74
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 8 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.089%
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 Kraken Futures no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 8 min ago	3.33 bp	17.7 bp −$18	323.4 bp −$3,234	doesn't fit	doesn't fit

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
Hotstuff NATGAS-PERP	−0.0032%	1h	$35K	—	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	$223K	75x	as long as short
QFEX NATGAS-USD	+0.0002%	1h	$659K	$142K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	$620K	$407K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	$104K	$1.4M	5x	as long as short
Vest NG-PERP	+0.0046%	1h	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	$5.8M	$6.1M	10x	as long as short
Paradex NG-USD-PERP	+0.0050%	8h	$5K	—	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Ondo Perps NATGAS-USD.P	+0.0050%	1h	$87K	$70K	10x	as long as short
Aster NATGASUSDT	+0.0080%	4h	$265K	$103K	50x	as long as short
Pacifica NATGAS	+0.0100%	1h	$82K	$21K	10x	as long as short
KuCoin NATGASUSDTMshort	+0.0100%	4h	$974K	$1.0M	20x
ApeX Omni NATGASUSDT	+0.0100%	1h	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	$3K	$278	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	$1.5M	$93K	10x	as long as short
Variational Omni NATGAS	+0.0140%	4h	$663K	$147K	—	as long as short
edgeX NATGASUSDC	+0.0177%	4h	$85K	$214K	20x	as long as short
Binance NATGASUSDT	+0.0177%	4h	$10.0M	$30.5M	100x	as long as short
BloFin NG-USDT	+0.0233%	8h	$85K	$190K	20x	as long as short
OKX NG-USDT-SWAP	+0.0238%	8h	$895K	$1.7M	50x	as long as short
Gate NG_USDT	+0.0345%	8h	$1.5M	$375K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0412% / S −0.0333%	1h	$93K	—	45x	as long as short
Kraken Futures PF_NATGASUSDlong	+0.0423%	1h	$52K	$56K	20x
Bitget NATGASUSDT	+0.0696%	4h	$10.0M	$4.2M	100x	as long as short