Funding you earn now, next payment 01:00 UTC−0.0085%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.025%
Price spread now: QFEX against ApeX Omni+0.067%56s7-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—prices read too far apart to compare
costs, in and out, $10k−$1251.255% of the position
Funding, last 3 days (all we have)−0.085%−$8 on $10k
+Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.067%, 7d avg −0.019%
=The price spread pays, funding is against you. QFEX is 0.086% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of −0.019%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni NATGASUSDT | 3.0000 | 0.0100 | pay 0.0013% / 1h | 0m 29s | $37K | $217K | 50x |
| Short | QFEX NATGAS-USD | 3.0020 | 0.0015 | get 0.0002% / 1h | 0m 29s | $659K | $85K | 20x |
ApeX Omni NATGASUSDT
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against ApeX Omni. 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
- −$17.94
- Price spread: +0.067% → −0.019%
- $8.6
- Slippage, 4 orders
- −$105.46
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$134.8
- Costs to cover
- 1.255%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 6 min ago; QFEX: live order book, 59 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 ApeX Omni live order book, 6 min ago | 16.64 bp | 52.4 bp −$52 | 270.6 bp −$2,706 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 59 min ago | 3.34 bp | 8.3 bp −$8 | 8.3 bp −$83 | 12.6 bp −$1,264 | doesn't fit |
NATGAS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.173% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0015% | 1h | 3.0020 | +0.067% | $659K | $85K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0025 | +0.083% | $617K | $429K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0018 | +0.060% | $110K | $451K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.100% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0013 | +0.043% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0049 | +0.163% | $84K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0032 | +0.107% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0017 | +0.055% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0020 | +0.067% | $1.0M | $1.1M | 20x | as long as short |
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
KuCoin NATGASUSDTMShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDTlong | +0.0100% | 1h | 3.0000 | long leg | $37K | $217K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.100% | $1.5M | $95K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0104% | 1h | 3.0016 | +0.053% | $35K | — | 20x | as long as short |
| Aster NATGASUSDT | +0.0111% | 4h | 3.0030 | +0.100% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0204% | 4h | 3.0051 | +0.170% | $98K | $212K | 75x | as long as short |
| Variational Omni NATGAS | +0.0215% | 4h | 3.0030 | +0.099% | $312K | $443K | — | as long as short |
| BloFin NG-USDT | +0.0255% | 8h | 2.9990 | −0.033% | $81K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0270% | 8h | 3.0020 | +0.067% | $864K | $1.7M | 50x | as long as short |
| Binance NATGASUSDT | +0.0296% | 4h | 3.0030 | +0.100% | $10.1M | $29.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0304% | 4h | 3.0030 | +0.100% | $85K | $213K | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0322% | 4h | 3.0020 | +0.067% | $25K | $200K | 25x | as long as short |
| Gate NG_USDT | +0.0385% | 8h | 3.0040 | +0.133% | $1.5M | $256K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0414% / S −0.0351% | 1h | 3.0035 | +0.117% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0430% | 4h | 3.0010 | +0.033% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1001% | 1h | 3.0042 | +0.141% | $52K | $36K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
BloFin NG-USDT
OKX NG-USDT-SWAP
Binance NATGASUSDT
edgeX NATGASUSDC
GRVT NATGAS_USDT_Perp
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD