Funding you earn now, next payment 05:00 UTC−0.0451%/8h= −49.4% APRpaid last 24h −0.051%
Price spread now: QFEX against GRVT0.000%7-day average −0.021% · 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−$33as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 4 days (all we have)−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now 0.000%, 7d avg −0.021%
=Together, before fees−0.050%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.021% dearer against GRVT than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.021%): +$2 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 4 days (−0.047% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.047% in total (about -4.8% 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 | GRVT NATGAS_USDT_Perp | 3.0020 | 0.0460 | pay 0.0230% / 4h | 3h 19m | $13K | $223K | 25x |
| Short | QFEX NATGAS-USD | 3.0020 | 0.0009 | get 0.0001% / 1h | 19m 27s | $669K | $91K | 20x |
GRVT NATGAS_USDT_Perp
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against GRVT. 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
- −$94.77
- Price spread: 0.000% → −0.021%
- $2.1
- Slippage, 4 orders
- −$15.94
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$127.61
- Costs to cover
- 0.349%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 33 min ago; QFEX: live order book, 11 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 GRVT live order book, 33 min ago | 1.66 bp | 12.1 bp −$12 | 31.2 bp −$312 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 11 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 12.4 bp −$1,240 | doesn't fit |
NATGAS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0051 | +0.103% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0009% | 1h | 3.0020 | 0.000% | $669K | $91K | 20x | |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0016 | −0.013% | $35K | — | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0013 | −0.023% | $627K | $502K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0019 | −0.003% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0074% | 8h | 3.0038 | +0.059% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0090% | 1h | 3.0016 | −0.013% | $6.0M | $5.6M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0000 | −0.067% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.266% | $37K | $218K | 50x | as long as short |
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.067% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.033% | $1.5M | $93K | 10x | as long as short |
| Extended XNG-USD | +0.0152% | 1h | 3.0003 | −0.058% | $110K | $365K | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0364% | 4h | 3.0020 | 0.000% | $1.0M | $991K | 20x | as long as short |
| Aster NATGASUSDT | +0.0405% | 4h | 3.0044 | +0.079% | $264K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perplong | +0.0460% | 4h | 3.0020 | long leg | $13K | $223K | 25x | |
| GMX NATGAS/USD [ETH-USDC] | L +0.0485% / S −0.0428% | 1h | 3.0035 | +0.050% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDT | +0.0516% | 4h | 3.0074 | +0.180% | $107K | $211K | 75x | as long as short |
| Gate NG_USDT | +0.0547% | 8h | 3.0060 | +0.133% | $1.5M | $193K | 100x | as long as short |
| BloFin NG-USDT | +0.0579% | 8h | 3.0030 | +0.033% | $82K | $194K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0588% | 8h | 3.0030 | +0.033% | $867K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0612% | 4h | 3.0030 | +0.032% | $317K | $439K | — | as long as short |
| Binance NATGASUSDT | +0.0636% | 4h | 3.0030 | +0.033% | $10.3M | $28.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0639% | 4h | 3.0030 | +0.032% | $85K | $213K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0855% | 1h | 3.0046 | +0.087% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1008% | 4h | 3.0000 | −0.067% | $9.9M | $3.2M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
HTX NATGAS-USDT
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT