Funding you earn now, next payment 07:00 UTC−0.0490%/8h= −53.7% APRpaid last 24h −0.122%
Price spread now: QFEX against Binance−0.033%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 4 days (all we have)−0.165%−$17 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.033%, 7d avg −0.042%
=The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.165% in total (about -16.3% 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 | Binance NATGASUSDT | 3.0070 | 0.0492 | pay 0.0246% / 4h | 1h 00m | $10.3M | $28.5M | 100x |
| Short | QFEX NATGAS-USD | 3.0060 | 0.0002 | get 0.0000% / 1h | 0m 14s | $660K | $96K | 20x |
Binance NATGASUSDT
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Binance. 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
- −$102.9
- Price spread: −0.033% → −0.042%
- $0.84
- Slippage, 4 orders
- −$9.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$132.04
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; QFEX: live order book, 20 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 Binance live order book, 11 min ago | 1.66 bp | 6.7 bp −$7 | 10.5 bp −$105 | 37.6 bp −$3,758 | 133.0 bp −$66.5K |
| Sell QFEX live order book, 20 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 | 2.8461 | −5.351% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.040% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0002% | 1h | 3.0060 | −0.033% | $660K | $96K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0073 | +0.010% | $629K | $502K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0061 | −0.030% | $111K | $283K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0044% | 4h | 3.0089 | +0.063% | $116K | $215K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | 0.000% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0073 | +0.010% | $6.0M | $5.3M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0076 | +0.020% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0076 | +0.018% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0061 | −0.030% | $68K | $31K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.100% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.233% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | 0.000% | $1.5M | $92K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0136% | 4h | 3.0055 | −0.051% | $15K | $222K | 25x | as long as short |
| Hotstuff NATGAS-PERP | +0.0184% | 1h | 3.0060 | −0.033% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0204% | 4h | 3.0050 | −0.067% | $1.0M | $898K | 20x | as long as short |
| Aster NATGASUSDT | +0.0250% | 4h | 3.0094 | +0.079% | $265K | $68K | 50x | as long as short |
| Variational Omni NATGAS | +0.0472% | 4h | 3.0060 | −0.034% | $318K | $393K | — | as long as short |
| Binance NATGASUSDTlong | +0.0492% | 4h | 3.0070 | long leg | $10.3M | $28.5M | 100x | |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0058 | −0.041% | $85K | $213K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0567% / S −0.0577% | 1h | 3.0075 | +0.017% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0586% | 8h | 3.0090 | +0.067% | $1.5M | $197K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0655% | 8h | 3.0080 | +0.033% | $877K | $1.8M | 50x | as long as short |
| BloFin NG-USDT | +0.0661% | 8h | 3.0050 | −0.067% | $83K | $198K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0920% | 4h | 3.0050 | −0.067% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0087 | +0.058% | $56K | $36K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD