NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0942%/8h= +103.2% APRnext payment +$1.18 per $10,000 · paid last 24h +0.184%

Price spread now: Kraken Futures against Ondo Perps+0.122%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.479%+$48 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Kraken Futures is 0.122% dearer against Ondo Perps than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.479% in total (about 25.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.18 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	Ondo Perps NATGAS-USD.P	3.0040	0.0050	pay 0.0006% / 1h	32m 46s	$83K	$26K	10x
Short	Kraken Futures PF_NATGASUSD	3.0077	0.0993	get 0.0124% / 1h	32m 46s	$54K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Ondo Perps. 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 Ondo PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.122%Rate

Funding earned: $197.88
Price spread: +0.122% → 0.000%: $12.16
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $195.03
Costs to cover: 0.150%
Break-even: 0.1 days

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Ondo Perps and 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	2.8476	−5.206%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0082	+0.140%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0022%	1h	3.0050	+0.033%	$659K	$85K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0051	+0.037%	$619K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0042	+0.005%	$110K	$427K	5x	as long as short
Hotstuff NATGAS-PERP	+0.0040%	1h	3.0058	+0.060%	$35K	—	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0050	+0.033%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.Plong	+0.0050%	1h	3.0040	long leg	$83K	$26K	10x
Paradex NG-USD-PERP	+0.0055%	8h	3.0063	+0.075%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0045	+0.017%	$68K	$33K	10x	as long as short

Show 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	−0.133%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.133%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0060	+0.067%	$1.5M	$94K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0119%	1h	3.0056	+0.053%	$6.0M	$5.9M	10x	as long as short
HTX NATGAS-USDT	+0.0217%	4h	3.0070	+0.100%	$105K	$212K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0348%	4h	3.0041	+0.002%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTM	+0.0374%	4h	3.0040	0.000%	$1.1M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0410%	4h	3.0045	+0.018%	$266K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0453% / S −0.0393%	1h	3.0065	+0.083%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0460%	8h	3.0080	+0.133%	$1.5M	$192K	100x	as long as short
BloFin NG-USDT	+0.0468%	8h	3.0050	+0.033%	$80K	$188K	20x	as long as short
OKX NG-USDT-SWAP	+0.0492%	8h	3.0050	+0.033%	$855K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0601%	4h	3.0050	+0.032%	$312K	$444K	—	as long as short
Binance NATGASUSDT	+0.0627%	4h	3.0060	+0.067%	$10.2M	$28.6M	100x	as long as short
edgeX NATGASUSDC	+0.0635%	4h	3.0050	+0.032%	$85K	$213K	20x	as long as short
Kraken Futures PF_NATGASUSDshort	+0.0993%	1h	3.0077	+0.122%	$54K	$34K	20x
Bitget NATGASUSDT	+0.1006%	4h	3.0030	−0.033%	$9.9M	$3.3M	100x	as long as short