Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h +0.210%

Price spread now: Kraken Futures against HTX−0.025%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.775%+$78 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.025% cheaper against HTX than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NATGAS-USDT	2.9968	0	get 0.0000% / 4h	7m 25s	$118K	$218K	75x
Short	Kraken Futures PF_NATGASUSD	2.9960	0.0241	get 0.0030% / 1h	7m 25s	$53K	$48K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now −0.025%Rate

Funding earned: $50.59
Price spread: −0.025% → 0.000%: −$2.52
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $26.07
Costs to cover: 0.220%
Break-even: 3.4 days

Slippage unknown: HTX: live order book, 32 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 HTX live order book, 32 min ago	2.49 bp	8.5 bp −$8	22.9 bp −$229	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 exchanges

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	−0.1600%	1h	2.9944	−0.080%	$36K	$599	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8325	−5.483%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9982	+0.047%	$2K	$1.6M	20x	as long as short
HTX NATGAS-USDTlong	0.0000%	4h	2.9968	long leg	$118K	$218K	75x
QFEX NATGAS-USD	+0.0003%	1h	2.9950	−0.060%	$593K	$101K	20x	as long as short
GRVT NATGAS_USDT_Perp	+0.0004%	4h	2.9945	−0.077%	$20K	$214K	25x	as long as short
Lighter NATGAS	+0.0032%	1h	2.9954	−0.047%	$646K	$707K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9941	−0.090%	$123K	$308K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9940	−0.093%	—	$14K	10x	as long as short
Paradex NG-USD-PERP	+0.0050%	8h	2.9945	−0.076%	$5K	—	5x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9919	−0.164%	$84K	$28K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0057%	1h	2.9947	−0.070%	$6.0M	$4.5M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9946	−0.073%	$68K	$36K	10x	as long as short
KuCoin NATGASUSDTM	+0.0100%	4h	2.9940	−0.093%	$1.1M	$721K	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.107%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.107%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9950	−0.060%	$1.5M	$95K	10x	as long as short
Aster NATGASUSDT	+0.0161%	4h	2.9979	+0.037%	$258K	$70K	50x	as long as short
Variational Omni NATGAS	+0.0238%	4h	2.9937	−0.104%	$355K	$419K	—	as long as short
Kraken Futures PF_NATGASUSDshort	+0.0241%	1h	2.9960	−0.025%	$53K	$48K	20x
Binance NATGASUSDT	+0.0301%	4h	2.9958	−0.035%	$10.0M	$32.0M	100x	as long as short
edgeX NATGASUSDC	+0.0305%	4h	2.9942	−0.088%	$85K	$211K	20x	as long as short
OKX NG-USDT-SWAP	+0.0366%	8h	2.9950	−0.060%	$837K	$1.8M	50x	as long as short
BloFin NG-USDT	+0.0375%	8h	2.9950	−0.060%	$81K	$201K	20x	as long as short
Gate NG_USDT	+0.0399%	8h	2.9980	+0.040%	$1.5M	$163K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0403% / S −0.0375%	1h	2.9965	−0.010%	$88K	—	45x	as long as short
Bitget NATGASUSDT	+0.0818%	4h	2.9920	−0.160%	$9.9M	$2.5M	100x	as long as short