NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.005%

Price spread now: SunX against QFEX+0.073%7-day average +0.082% · 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−$65as in the Price arb table

costs, in and out, $10k−$640.642% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.073%, 7d avg +0.082%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.082%, so right now this pair is about funding alone: −$1 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	3.0050	0.0022	pay 0.0003% / 1h	13m 56s	$670K	$91K	20x
Short	SunX NATGAS-USDT	3.0072	0	get 0.0000% / 4h	13m 56s	$2K	$2.4M	20x

Funding history

latest

Range statsloading…

SunX 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 SunXbpOrdersPrice spread, now +0.073%Rate

Slippage from QFEX: live order book, 21 min ago; SunX: live order book, 3 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, 21 min ago	3.33 bp	8.3 bp −$8	8.3 bp −$83	12.1 bp −$1,210	doesn't fit
Sell SunX live order book, 3 min ago	15.13 bp	28.1 bp −$28	doesn't fit	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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8470	−5.258%	—	—	—	as long as short
SunX NATGAS-USDTshort	0.0000%	4h	3.0072	+0.073%	$2K	$2.4M	20x
QFEX NATGAS-USDlong	+0.0022%	1h	3.0050	long leg	$670K	$91K	20x
Lighter NATGAS	+0.0032%	1h	3.0060	+0.033%	$620K	$494K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0048	−0.008%	$110K	$408K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0050	0.000%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0051	+0.003%	$83K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0054%	8h	3.0067	+0.058%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0081%	1h	3.0053	+0.010%	$6.0M	$5.8M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0043	−0.023%	$68K	$33K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.166%	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0100	+0.166%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0050	0.000%	$1.5M	$94K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0128%	1h	3.0055	+0.017%	$35K	—	20x	as long as short
HTX NATGAS-USDT	+0.0170%	4h	3.0080	+0.100%	$105K	$211K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0326%	4h	3.0061	+0.036%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTM	+0.0330%	4h	3.0040	−0.033%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0384%	4h	3.0053	+0.011%	$266K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0458% / S −0.0398%	1h	3.0055	+0.017%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0489%	8h	3.0080	+0.100%	$1.5M	$194K	100x	as long as short
BloFin NG-USDT	+0.0505%	8h	3.0070	+0.067%	$81K	$192K	20x	as long as short
OKX NG-USDT-SWAP	+0.0508%	8h	3.0050	0.000%	$860K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0587%	4h	3.0050	−0.001%	$317K	$449K	—	as long as short
Binance NATGASUSDT	+0.0604%	4h	3.0050	0.000%	$10.2M	$28.5M	100x	as long as short
edgeX NATGASUSDC	+0.0630%	4h	3.0060	+0.032%	$85K	$213K	20x	as long as short
Bitget NATGASUSDT	+0.0978%	4h	3.0020	−0.100%	$9.9M	$3.3M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0993%	1h	3.0065	+0.050%	$54K	$33K	20x	as long as short