Funding you earn now, next payment 08:00 UTC−0.0569%/8h= −62.3% APRnext payment −$0.71 per $10,000 · paid last 24h −0.150%
Price spread now: QFEX against GMX−0.050%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$17 a day on $10k at the current rate, and QFEX is 0.050% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NATGAS/USD [ETH-USDC] | 3.0025 | L +0.0573% / S −0.0584% | pay 0.0072% / 1h | 49m 23s | $88K | — | 45x |
| Short | QFEX NATGAS-USD | 3.0010 | 0.0004 | get 0.0001% / 1h | 49m 23s | $659K | $96K | 20x |
GMX NATGAS/USD [ETH-USDC]
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against GMX. 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
- −$119.4
- Price spread: −0.050% → 0.000%
- −$5
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$146.39
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; QFEX: live order book, 31 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| 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 |
GMX: 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 | 2.8384 | −5.465% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.057% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0004% | 1h | 3.0010 | −0.050% | $659K | $96K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0013 | −0.040% | $630K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0013 | −0.041% | $111K | $283K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0037% | 4h | 3.0054 | +0.097% | $117K | $216K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | −0.017% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0008 | −0.057% | $6.0M | $5.3M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0010 | −0.050% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0052% | 8h | 3.0023 | −0.005% | $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 | −0.037% | $35K | — | 20x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9997 | −0.093% | $68K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.083% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.083% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.017% | $1.5M | $92K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0122% | 4h | 3.0020 | −0.016% | $15K | $222K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0202% | 4h | 3.0010 | −0.050% | $1.0M | $892K | 20x | as long as short |
| Aster NATGASUSDT | +0.0235% | 4h | 3.0016 | −0.031% | $264K | $65K | 50x | as long as short |
| Variational Omni NATGAS | +0.0450% | 4h | 3.0019 | −0.019% | $318K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0475% | 4h | 3.0010 | −0.050% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0484% | 4h | 3.0020 | −0.018% | $85K | $212K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC]long | L +0.0573% / S −0.0584% | 1h | 3.0025 | long leg | $88K | — | 45x | |
| Gate NG_USDT | +0.0577% | 8h | 3.0030 | +0.017% | $1.5M | $195K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0651% | 8h | 3.0010 | −0.050% | $868K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0673% | 8h | 3.0040 | +0.050% | $83K | $198K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0862% | 1h | 3.0038 | +0.043% | $56K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0902% | 4h | 2.9990 | −0.117% | $9.9M | $3.1M | 100x | as long as short |
Hotstuff NATGAS-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT