Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.024%
Price spread now: QFEX against ApeX Omni+0.033%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1221.219% of the position
Funding, last 4 days (all we have)−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.033%, 7d avg −0.012%
=The price spread pays, funding is against you. QFEX is 0.045% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.012%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | pay 0.0013% / 1h | 49m 08s | $37K | $216K | 50x |
| Short | QFEX NATGAS-USD | 3.0010 | 0.0004 | get 0.0001% / 1h | 49m 08s | $659K | $96K | 20x |
ApeX Omni NATGASUSDT
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against ApeX Omni. 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
- −$20.09
- Price spread: +0.033% → −0.012%
- $4.52
- Slippage, 4 orders
- −$101.91
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$137.48
- Costs to cover
- 1.219%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 52 min ago; QFEX: live order book, 31 min ago.
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 ApeX Omni live order book, 52 min ago | 16.64 bp | 51.5 bp −$52 | 263.5 bp −$2,635 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 31 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 12.5 bp −$1,250 | doesn't fit |
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 | 2.8384 | −5.387% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0031 | +0.103% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0004% | 1h | 3.0010 | +0.033% | $659K | $96K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0023 | +0.077% | $630K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0013 | +0.042% | $111K | $283K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0036% | 4h | 3.0044 | +0.147% | $117K | $216K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | +0.067% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0008 | +0.027% | $6.0M | $5.3M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0010 | +0.033% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0052% | 8h | 3.0023 | +0.078% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0014 | +0.047% | $35K | — | 20x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9997 | −0.010% | $68K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDTlong | +0.0100% | 1h | 3.0000 | long leg | $37K | $216K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | +0.033% | $1.5M | $92K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0122% | 4h | 3.0020 | +0.068% | $15K | $222K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0202% | 4h | 3.0010 | +0.033% | $1.0M | $892K | 20x | as long as short |
| Aster NATGASUSDT | +0.0235% | 4h | 3.0022 | +0.072% | $264K | $65K | 50x | as long as short |
| Variational Omni NATGAS | +0.0450% | 4h | 3.0019 | +0.064% | $318K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0475% | 4h | 3.0010 | +0.033% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0484% | 4h | 3.0020 | +0.065% | $85K | $212K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0573% / S −0.0585% | 1h | 3.0015 | +0.050% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0577% | 8h | 3.0030 | +0.100% | $1.5M | $195K | 100x | as long as short |
| BloFin NG-USDT | +0.0629% | 8h | 3.0010 | +0.033% | $83K | $197K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0651% | 8h | 3.0010 | +0.033% | $868K | $1.7M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0862% | 1h | 3.0030 | +0.100% | $55K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0902% | 4h | 2.9990 | −0.033% | $9.9M | $3.1M | 100x | as long as short |
Hotstuff NATGAS-PERP
Pacifica NATGAS
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT