Funding you earn now, next payment 05:00 UTC−0.0529%/8h= −58.0% APRpaid last 24h −0.085%
Price spread now: QFEX against BloFin0.000%99s7-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−$350.345% of the position
Funding, last 4 days (all we have)−0.173%−$17 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now 0.000%, 7d avg +0.019%
=The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.173% in total (about -17.5% 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 | BloFin NG-USDT | 3.0020 | 0.0538 | pay 0.0538% / 8h | 3h 37m | $81K | $193K | 20x |
| Short | QFEX NATGAS-USD | 3.0020 | 0.0009 | get 0.0001% / 1h | 37m 21s | $669K | $91K | 20x |
BloFin NG-USDT
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against BloFin. 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
- −$111.19
- Price spread: 0.000% → +0.019%
- −$1.88
- Slippage, 4 orders
- −$12.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$147.57
- Costs to cover
- 0.345%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 53 min ago; QFEX: live order book, 58 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 BloFin live order book, 53 min ago | 1.66 bp | 7.7 bp −$8 | 14.8 bp −$148 | 75.2 bp −$7,521 | doesn't fit |
| Sell QFEX live order book, 58 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 11.9 bp −$1,191 | 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 | 2.8404 | −5.383% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0041 | +0.070% | $2K | $2.4M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 3.0009 | −0.037% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0009% | 1h | 3.0020 | 0.000% | $669K | $91K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0003 | −0.057% | $626K | $501K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.074% | $110K | $391K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9999 | −0.070% | $82K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0063% | 1h | 3.0015 | −0.017% | $6.0M | $5.7M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0073% | 8h | 3.0024 | +0.012% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
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 | 2.9991 | −0.097% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.067% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.067% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | 0.000% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0328% | 4h | 3.0010 | −0.033% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0376% | 4h | 3.0038 | +0.060% | $263K | $74K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0390% | 4h | 3.0054 | +0.113% | $107K | $213K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0444% | 4h | 3.0019 | −0.002% | $12K | $230K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0473% / S −0.0415% | 1h | 3.0025 | +0.017% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0531% | 8h | 3.0050 | +0.100% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDTlong | +0.0538% | 8h | 3.0020 | long leg | $81K | $193K | 20x | |
| OKX NG-USDT-SWAP | +0.0559% | 8h | 3.0010 | −0.033% | $862K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0576% | 4h | 3.0020 | −0.001% | $316K | $449K | — | as long as short |
| edgeX NATGASUSDC | +0.0598% | 4h | 3.0012 | −0.026% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0598% | 4h | 3.0027 | +0.022% | $10.2M | $28.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0856% | 1h | 3.0038 | +0.058% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0978% | 4h | 2.9990 | −0.100% | $9.9M | $3.2M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT