Funding you earn now, next payment 03:00 UTC−0.0725%/8h= −79.4% APRpaid last 24h −0.123%
Price spread now: KuCoin against Kraken Futures−0.083%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.429%−$43 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and KuCoin is 0.083% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.429% in total (about -22.3% 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 | 3.0025 | 0.1109 | pay 0.0139% / 1h | 59m 36s | $53K | $34K | 20x |
| Short | KuCoin NATGASUSDTM | 3.0000 | 0.0384 | get 0.0192% / 4h | 59m 36s | $1.1M | $1.1M | 20x |
Kraken Futures PF_NATGASUSD
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Kraken Futures. 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
- −$152.29
- Price spread: −0.083% → 0.000%
- −$8.3
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$182.59
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 5 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 5 min ago | 1.67 bp | 22.4 bp −$22 | 538.8 bp −$5,388 | 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 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 | 2.8425 | −5.329% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.024% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0000 | −0.083% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0009 | −0.053% | $619K | $494K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0012 | −0.043% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | −0.016% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0009 | −0.053% | $6.0M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0028 | +0.010% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0059% | 8h | 3.0021 | −0.012% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9981 | −0.145% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Hotstuff NATGAS-PERP
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.083% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.083% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | −0.050% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USD | +0.0128% | 1h | 2.9998 | −0.090% | $110K | $445K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0239% | 4h | 3.0028 | +0.010% | $105K | $216K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0380% | 4h | 3.0001 | −0.081% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0384% | 4h | 3.0000 | −0.083% | $1.1M | $1.1M | 20x | |
| Aster NATGASUSDT | +0.0411% | 4h | 3.0003 | −0.073% | $265K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0443% / S −0.0382% | 1h | 3.0015 | −0.033% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0460% | 8h | 3.0040 | +0.050% | $1.5M | $188K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0480% | 8h | 3.0000 | −0.083% | $853K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0481% | 8h | 3.0000 | −0.083% | $80K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0595% | 4h | 3.0009 | −0.053% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0625% | 4h | 3.0015 | −0.032% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0639% | 4h | 3.0009 | −0.053% | $85K | $213K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0996% | 4h | 2.9980 | −0.150% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSDlong | +0.1109% | 1h | 3.0025 | long leg | $53K | $34K | 20x |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT