Funding you earn now, next payment 07:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%
Price spread now: tradeXYZ against QFEX+0.023%7-day average −0.016% · 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−$35as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 4 days (all we have)+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.023%, 7d avg −0.016%
=Together, before fees+0.122%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.039% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NATGAS-USD | 3.0040 | 0.0004 | pay 0.0001% / 1h | 57m 36s | $659K | $96K | 20x |
| Short | tradeXYZ xyz:NATGAS | 3.0047 | 0.0077 | get 0.0010% / 1h | 57m 36s | $6.0M | $5.3M | 10x |
QFEX NATGAS-USD
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $15.2
- Price spread: +0.023% → −0.016%
- $3.92
- Slippage, 4 orders
- −$11.11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$20
- Costs to cover
- 0.391%
- Break-even
- 16.2 days
Slippage from QFEX: live order book, 22 min ago; tradeXYZ: live order book, 11 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, 22 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 12.5 bp −$1,251 | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.67 bp | 11.1 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8435 | −5.343% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0102 | +0.206% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDlong | +0.0004% | 1h | 3.0040 | long leg | $659K | $96K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0046 | +0.020% | $629K | $487K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0036 | −0.013% | $111K | $283K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0044% | 4h | 3.0063 | +0.077% | $117K | $218K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0060 | +0.067% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0059 | +0.063% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0059 | +0.063% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0077% | 1h | 3.0047 | +0.023% | $6.0M | $5.3M | 10x |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
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 | 3.0040 | 0.000% | $68K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.133% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.133% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | +0.067% | $1.5M | $92K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0132% | 4h | 3.0054 | +0.046% | $15K | $222K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0204% | 4h | 3.0050 | +0.033% | $1.0M | $897K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0216% | 1h | 3.0059 | +0.063% | $35K | — | 20x | as long as short |
| Aster NATGASUSDT | +0.0247% | 4h | 3.0070 | +0.099% | $265K | $68K | 50x | as long as short |
| Variational Omni NATGAS | +0.0472% | 4h | 3.0060 | +0.066% | $318K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0491% | 4h | 3.0050 | +0.033% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0070 | +0.101% | $85K | $213K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0568% / S −0.0579% | 1h | 3.0055 | +0.050% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0584% | 8h | 3.0070 | +0.100% | $1.5M | $195K | 100x | as long as short |
| BloFin NG-USDT | +0.0633% | 8h | 3.0050 | +0.033% | $83K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0655% | 8h | 3.0050 | +0.033% | $876K | $1.7M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0861% | 1h | 3.0069 | +0.098% | $56K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0916% | 4h | 3.0010 | −0.100% | $9.9M | $3.1M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Hotstuff NATGAS-PERP
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT