Funding you earn now, next payment 09:00 UTC+0.0412%/8h= +45.1% APRpaid last 24h +0.040%
Price spread now: GRVT against QFEX+0.032%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 4 days (all we have)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.032%, 7d avg +0.019%
=Together, before fees−0.005%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.049% in total (about 4.7% 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 | QFEX NATGAS-USD | 3.0010 | 0 | get 0.0000% / 1h | 19m 13s | $658K | $96K | 20x |
| Short | GRVT NATGAS_USDT_Perp | 3.0020 | 0.0412 | get 0.0206% / 4h | 3h 19m | $20K | $213K | 25x |
QFEX NATGAS-USD
GRVT NATGAS_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $86.52
- Price spread: +0.032% → +0.019%
- $1.32
- Slippage, 4 orders
- −$24.22
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $44.62
- Costs to cover
- 0.432%
- Break-even
- 3.4 days
Slippage from QFEX: live order book, 56 min ago; GRVT: live order book, 13 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, 56 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 11.4 bp −$1,141 | doesn't fit |
| Sell GRVT live order book, 13 min ago | 1.66 bp | 14.2 bp −$14 | 29.1 bp −$291 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0080% | 1h | 3.0013 | +0.010% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USDlong | 0.0000% | 1h | 3.0010 | long leg | $658K | $96K | 20x | |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8345 | −5.548% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0021 | +0.037% | $2K | $2.2M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9985 | −0.083% | $630K | $483K | 10x | as long as short |
| Extended XNG-USD | +0.0040% | 1h | 2.9976 | −0.115% | $109K | $253K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9990 | −0.067% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9995 | −0.050% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0039 | +0.097% | $84K | $29K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0072% | 8h | 3.0029 | +0.065% | $5K | — | 5x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9970 | −0.133% | $69K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.033% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | 0.000% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0174% | 4h | 2.9990 | −0.067% | $1.0M | $836K | 20x | as long as short |
| Gate NG_USDT | +0.0203% | 8h | 3.0020 | +0.033% | $1.5M | $193K | 100x | as long as short |
| Aster NATGASUSDT | +0.0220% | 4h | 3.0022 | +0.041% | $264K | $69K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0275% | 4h | 3.0018 | +0.027% | $118K | $221K | 75x | as long as short |
| Variational Omni NATGAS | +0.0389% | 4h | 3.0021 | +0.035% | $347K | $420K | — | as long as short |
| edgeX NATGASUSDC | +0.0407% | 4h | 3.0027 | +0.057% | $85K | $212K | 20x | as long as short |
| GRVT NATGAS_USDT_Perpshort | +0.0412% | 4h | 3.0020 | +0.032% | $20K | $213K | 25x | |
| Binance NATGASUSDT | +0.0414% | 4h | 3.0007 | −0.010% | $10.4M | $29.0M | 100x | as long as short |
| BloFin NG-USDT | +0.0497% | 8h | 3.0000 | −0.033% | $76K | $197K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0503% | 8h | 3.0000 | −0.033% | $802K | $1.9M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0587% / S −0.0602% | 1h | 3.0025 | +0.050% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0685% | 1h | 2.9987 | −0.076% | $52K | $37K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0874% | 4h | 2.9980 | −0.100% | $9.9M | $2.9M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Gate NG_USDT
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT