Funding you earn now, next payment 01:00 UTC−0.0244%/8h= −26.8% APRpaid last 24h −0.097%
Price spread now: QFEX against Gate−0.067%7-day average −0.044% · 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−$60as in the Price arb table
costs, in and out, $10k−$580.576% of the position
Funding, last 3 days (all we have)−0.123%−$12 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.067%, 7d avg −0.044%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and QFEX is 0.023% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NG_USDT | 2.9990 | 0.0259 | pay 0.0259% / 8h | 7h 53m | $1.5M | $254K | 100x |
| Short | QFEX NATGAS-USD | 2.9970 | 0.0015 | get 0.0002% / 1h | 53m 08s | $658K | $86K | 20x |
Gate NG_USDT
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Gate. 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
- −$51.33
- Price spread: −0.067% → −0.044%
- −$2.31
- Slippage, 4 orders
- −$32.61
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$111.25
- Costs to cover
- 0.576%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; QFEX: live order book, 6 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 Gate live order book, 4 min ago | 1.67 bp | 22.6 bp −$23 | 64.4 bp −$644 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 3.34 bp | 8.3 bp −$8 | 8.3 bp −$83 | 12.6 bp −$1,264 | 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 | 2.8339 | −5.505% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0002 | +0.040% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0015% | 1h | 2.9970 | −0.067% | $658K | $86K | 20x | |
| Extended XNG-USD | +0.0032% | 1h | 2.9966 | −0.080% | $110K | $453K | 5x | as long as short |
| Aster NATGASUSDT | +0.0033% | 4h | 2.9960 | −0.100% | $265K | $73K | 50x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9970 | −0.067% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9972 | −0.060% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9993 | +0.010% | $84K | $42K | 10x | as long as short |
| Lighter NATGAS | +0.0056% | 1h | 2.9995 | +0.017% | $617K | $412K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0060% | 8h | 2.9990 | −0.001% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Extended XNG-USD
Aster NATGASUSDT
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Lighter NATGAS
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NATGAS | +0.0061% | 4h | 2.9971 | −0.064% | $311K | $443K | — | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9975 | −0.050% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 2.9970 | −0.067% | $1.0M | $1.2M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.300% | $36K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9980 | −0.033% | $1.5M | $95K | 10x | as long as short |
| BloFin NG-USDT | +0.0127% | 8h | 2.9970 | −0.067% | $80K | $189K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0128% | 1h | 2.9975 | −0.050% | $35K | — | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0142% | 8h | 2.9970 | −0.067% | $857K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0169% | 4h | 2.9971 | −0.064% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDT | +0.0173% | 4h | 2.9980 | −0.033% | $10.1M | $29.7M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0196% | 4h | 2.9950 | −0.133% | $10.0M | $3.5M | 100x | as long as short |
| HTX NATGAS-USDT | +0.0247% | 4h | 3.0000 | +0.033% | $98K | $211K | 75x | as long as short |
| Gate NG_USDTlong | +0.0259% | 8h | 2.9990 | long leg | $1.5M | $254K | 100x | |
| GMX NATGAS/USD [ETH-USDC] | L +0.0406% / S −0.0333% | 1h | 2.9985 | −0.017% | $93K | — | 45x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0484% | 4h | 2.9969 | −0.070% | $25K | $241K | 25x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1002% | 1h | 2.9991 | +0.003% | $52K | $39K | 20x | as long as short |
Variational Omni NATGAS
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
BloFin NG-USDT
Hotstuff NATGAS-PERP
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
HTX NATGAS-USDT
GMX NATGAS/USD [ETH-USDC]
GRVT NATGAS_USDT_Perp
Kraken Futures PF_NATGASUSD