NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.025%

Price spread now: QFEX against Pacifica+0.035%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on QFEX

What this pair did over the last

the charts below follow

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—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. QFEX is 0.035% dearer against Pacifica than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NATGAS	2.9939	0.0100	pay 0.0013% / 1h	23m 30s	$68K	$33K	10x
Short	QFEX NATGAS-USD	2.9950	0.0030	get 0.0004% / 1h	23m 30s	$657K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee QFEXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$14.8
Price spread: +0.035% → 0.000%: $3.55
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.25
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; QFEX: live order book, 41 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 Pacifica no order-book sample	—	—	—	—	—
Sell QFEX live order book, 41 min ago	1.67 bp	9.9 bp −$10	10.0 bp −$100	13.2 bp −$1,319	doesn't fit

Pacifica: 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 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
Hotstuff NATGAS-PERP	−0.0008%	1h	2.9947	+0.025%	$35K	—	20x	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9971	+0.106%	$2K	$2.6M	20x	as long as short
HTX NATGAS-USDT	0.0000%	4h	2.9975	+0.119%	$98K	$213K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0008%	4h	2.9943	+0.013%	$13K	$238K	25x	as long as short
QFEX NATGAS-USDshort	+0.0030%	1h	2.9950	+0.035%	$657K	$86K	20x
Lighter NATGAS	+0.0032%	1h	2.9965	+0.086%	$619K	$416K	10x	as long as short
Vest NG-PERP	+0.0046%	1h	2.9950	+0.035%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	2.9947	+0.025%	$5.9M	$6.0M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9974	+0.116%	$84K	$43K	10x	as long as short
Paradex NG-USD-PERP	+0.0069%	8h	2.9952	+0.041%	$5K	—	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XNG-USD	+0.0080%	1h	2.9938	−0.004%	$110K	$453K	5x	as long as short
Pacifica NATGASlong	+0.0100%	1h	2.9939	long leg	$68K	$33K	10x
KuCoin NATGASUSDTM	+0.0100%	4h	2.9950	+0.035%	$1.0M	$1.2M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	2.9900	−0.132%	$36K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.202%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	2.9960	+0.069%	$1.5M	$97K	10x	as long as short
Aster NATGASUSDT	+0.0108%	4h	2.9960	+0.069%	$265K	$73K	50x	as long as short
BloFin NG-USDT	+0.0147%	8h	2.9940	+0.002%	$80K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0151%	8h	2.9950	+0.035%	$858K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0152%	4h	2.9952	+0.041%	$311K	$443K	—	as long as short
Gate NG_USDT	+0.0179%	8h	2.9970	+0.102%	$1.5M	$285K	100x	as long as short
Binance NATGASUSDT	+0.0234%	4h	2.9955	+0.051%	$10.1M	$30.0M	100x	as long as short
edgeX NATGASUSDC	+0.0265%	4h	2.9952	+0.041%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.0322%	4h	2.9930	−0.031%	$10.0M	$3.7M	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9955	+0.052%	$93K	—	45x	as long as short
Kraken Futures PF_NATGASUSD	+0.1217%	1h	2.9970	+0.102%	$52K	$39K	20x	as long as short