NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h +0.086%

Price spread now: OKX against QFEX−0.033%7-day average −0.014% · 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−$40as in the Price arb table

costs, in and out, $10k−$380.376% of the position

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.172%+$17 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.033%, 7d avg −0.014%

Together, before fees+0.282%+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

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 55s	$658K	$86K	20x
Short	OKX NG-USDT-SWAP	3.0000	0.0356	get 0.0356% / 8h	6h 15m	$860K	$1.7M	50x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee QFEXbpFee OKXbpOrdersPrice spread, now −0.033%Rate

Slippage from QFEX: live order book, 38 min ago; OKX: live order book, 1 min ago.

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 OKX live order book, 1 min ago	1.67 bp	11.1 bp −$11	23.3 bp −$233	doesn't fit	doesn't fit

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	2.9998	−0.040%	$110K	$449K	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0004	−0.020%	$68K	$33K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.033%	$37K	$218K	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	3.0020	+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	3.0011	+0.002%	$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-SWAPshort	+0.0356%	8h	3.0000	−0.033%	$860K	$1.7M	50x
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