Funding you earn now, next payment 02:00 UTC+0.0081%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.025%
Price spread now: ApeX Omni against QFEX−0.033%56s7-day average +0.018% · 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—prices read too far apart to compare
costs, in and out, $10k−$1251.253% of the position
Funding, last 3 days (all we have)+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.033%, 7d avg +0.018%
=Funding pays, the price is against you. ApeX Omni is 0.051% cheaper against QFEX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.018%). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day). The two prices were read 56 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 | QFEX NATGAS-USD | 3.0010 | 0.0019 | pay 0.0002% / 1h | 15m 59s | $658K | $86K | 20x |
| Short | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | get 0.0013% / 1h | 15m 59s | $37K | $218K | 50x |
QFEX NATGAS-USD
ApeX Omni NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against QFEX. 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
- $16.93
- Price spread: −0.033% → +0.018%
- −$5.12
- Slippage, 4 orders
- −$105.33
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$113.52
- Costs to cover
- 1.253%
- Break-even
- 53.9 days
Slippage from QFEX: live order book, 38 min ago; ApeX Omni: live order book, 50 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 QFEX live order book, 38 min ago | 1.67 bp | 6.7 bp −$7 | 6.7 bp −$67 | 10.4 bp −$1,043 | doesn't fit |
| Sell ApeX Omni live order book, 50 min ago | 16.64 bp | 56.4 bp −$56 | 275.9 bp −$2,759 | doesn't fit | doesn't fit |
NATGAS on 25 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 | 3.0032 | +0.073% | $2K | $2.5M | 20x | as long as short |
| QFEX NATGAS-USDlong | +0.0019% | 1h | 3.0010 | long leg | $658K | $86K | 20x | |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0001 | −0.030% | $35K | — | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0018 | +0.027% | $618K | $445K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | 0.000% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0007 | −0.010% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9998 | −0.040% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0073% | 8h | 3.0014 | +0.014% | $5K | — | 5x | as long as short |
| Extended XNG-USD | +0.0080% | 1h | 2.9993 | −0.056% | $110K | $449K | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0004 | −0.020% | $68K | $33K | 10x | as long as short |
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
Lighter NATGAS
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Extended XNG-USD
Pacifica NATGASShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDTshort | +0.0100% | 1h | 3.0000 | −0.033% | $37K | $218K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.033% | $1.5M | $95K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0164% | 4h | 3.0010 | 0.000% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0232% | 4h | 3.0007 | −0.009% | $265K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0269% | 4h | 3.0031 | +0.070% | $98K | $212K | 75x | as long as short |
| OKX NG-USDT-SWAP | +0.0356% | 8h | 3.0000 | −0.033% | $860K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0384% | 4h | 3.0009 | −0.002% | $311K | $444K | — | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0422% / S −0.0359% | 1h | 3.0015 | +0.017% | $92K | — | 45x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0426% | 4h | 3.0018 | +0.026% | $12K | $214K | 25x | as long as short |
| Gate NG_USDT | +0.0434% | 8h | 3.0040 | +0.100% | $1.5M | $219K | 100x | as long as short |
| edgeX NATGASUSDC | +0.0436% | 4h | 3.0009 | −0.002% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0440% | 4h | 3.0016 | +0.020% | $10.2M | $29.1M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0696% | 4h | 2.9980 | −0.100% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0825% | 1h | 3.0028 | +0.059% | $53K | $38K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
GMX NATGAS/USD [ETH-USDC]
GRVT NATGAS_USDT_Perp
Gate NG_USDT
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD