Funding you earn now, next payment 04:00 UTC−0.0893%/8h= −97.8% APRpaid last 24h −0.176%
Price spread now: Orderly against Kraken Futures−0.225%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 −$27 a day on $10k at the current rate, and Orderly is 0.225% cheaper against Kraken Futures than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NATGASUSD | 3.0068 | 0.0993 | pay 0.0124% / 1h | 33m 42s | $54K | $34K | 20x |
| Short | Orderly PERP_NATGAS_USDC_mythos | 3.0000 | 0.0100 | get 0.0100% / 8h | 4h 33m | $3K | $544 | 10x |
Kraken Futures PF_NATGASUSD
Orderly PERP_NATGAS_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$187.52
- Price spread: −0.225% → 0.000%
- −$22.49
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$226.01
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Orderly: 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Kraken Futures and Orderly: 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: 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.015% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0040 | −0.092% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0049 | −0.062% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0038 | −0.099% | $110K | $429K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0053 | −0.049% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | −0.059% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0040 | −0.092% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0056 | −0.039% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0045 | −0.075% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.225% | $37K | $216K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythosshort | +0.0100% | 8h | 3.0000 | −0.225% | $3K | $544 | 10x | |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | −0.025% | $1.5M | $94K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0117% | 1h | 3.0053 | −0.049% | $6.0M | $5.9M | 10x | as long as short |
| HTX NATGAS-USDT | +0.0216% | 4h | 3.0076 | +0.028% | $105K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0348% | 4h | 3.0041 | −0.088% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0372% | 4h | 3.0040 | −0.092% | $1.1M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0408% | 4h | 3.0043 | −0.082% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0453% / S −0.0393% | 1h | 3.0055 | −0.042% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0458% | 8h | 3.0080 | +0.041% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0490% | 8h | 3.0050 | −0.059% | $855K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0510% | 8h | 3.0050 | −0.059% | $80K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0601% | 4h | 3.0050 | −0.059% | $312K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0623% | 4h | 3.0051 | −0.056% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0625% | 4h | 3.0057 | −0.034% | $10.2M | $28.6M | 100x | as long as short |
| Kraken Futures PF_NATGASUSDlong | +0.0993% | 1h | 3.0068 | long leg | $54K | $34K | 20x | |
| Bitget NATGASUSDT | +0.1004% | 4h | 3.0030 | −0.125% | $9.9M | $3.3M | 100x | as long as short |
Phemex NGUSDT
tradeXYZ xyz:NATGAS
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT