Funding you earn now, next payment 01:00 UTC+0.0318%/8h= +34.8% APRnext payment +$0.40 per $10,000 · paid last 24h +0.166%
Price spread now: GMX against QFEX+0.050%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and GMX is 0.050% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NATGAS-USD | 2.9970 | 0.0015 | pay 0.0002% / 1h | 52m 19s | $658K | $86K | 20x |
| Short | GMX NATGAS/USD [ETH-USDC] | 2.9985 | L +0.0406% / S −0.0333% | get 0.0042% / 1h | 52m 19s | $93K | — | 45x |
QFEX NATGAS-USD
GMX NATGAS/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $66.8
- Price spread: +0.050% → 0.000%
- $5.01
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $49.8
- Costs to cover
- 0.220%
- Break-even
- 1.8 days
Slippage unknown: QFEX: live order book, 7 min ago; GMX: no order-book sample. 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 QFEX live order book, 7 min ago | 3.34 bp | 8.3 bp −$8 | 8.3 bp −$83 | 12.7 bp −$1,270 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | 2.8335 | −5.455% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0002 | +0.107% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USDlong | +0.0015% | 1h | 2.9970 | long leg | $658K | $86K | 20x | |
| Extended XNG-USD | +0.0032% | 1h | 2.9966 | −0.013% | $110K | $453K | 5x | as long as short |
| Aster NATGASUSDT | +0.0034% | 4h | 2.9960 | −0.033% | $265K | $73K | 50x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 2.9975 | +0.017% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9970 | 0.000% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9972 | +0.007% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9993 | +0.077% | $84K | $42K | 10x | as long as short |
| Lighter NATGAS | +0.0056% | 1h | 2.9992 | +0.073% | $616K | $412K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Extended XNG-USD
Aster NATGASUSDT
Hotstuff NATGAS-PERP
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Lighter NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0060% | 8h | 2.9988 | +0.061% | $5K | — | 5x | as long as short |
| Variational Omni NATGAS | +0.0061% | 4h | 2.9971 | +0.003% | $311K | $443K | — | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9974 | +0.014% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 2.9970 | 0.000% | $1.0M | $1.2M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.234% | $36K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.100% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9990 | +0.067% | $1.5M | $95K | 10x | as long as short |
| BloFin NG-USDT | +0.0127% | 8h | 2.9970 | 0.000% | $80K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0145% | 8h | 2.9970 | 0.000% | $857K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0169% | 4h | 2.9971 | +0.003% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDT | +0.0175% | 4h | 2.9985 | +0.051% | $10.1M | $29.7M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0202% | 4h | 2.9950 | −0.067% | $10.0M | $3.5M | 100x | as long as short |
| HTX NATGAS-USDT | +0.0254% | 4h | 3.0001 | +0.103% | $98K | $211K | 75x | as long as short |
| Gate NG_USDT | +0.0283% | 8h | 2.9990 | +0.067% | $1.5M | $254K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC]short | L +0.0406% / S −0.0333% | 1h | 2.9985 | +0.050% | $93K | — | 45x | |
| GRVT NATGAS_USDT_Perp | +0.0484% | 4h | 2.9969 | −0.003% | $25K | $241K | 25x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1002% | 1h | 2.9992 | +0.074% | $52K | $39K | 20x | as long as short |
Paradex NG-USD-PERP
Variational Omni NATGAS
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
BloFin NG-USDT
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
HTX NATGAS-USDT
Gate NG_USDT
GRVT NATGAS_USDT_Perp
Kraken Futures PF_NATGASUSD