Funding you earn now, next payment 10:00 UTC−0.0076%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h −0.024%
Price spread now: QFEX against Pacifica+0.020%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. QFEX is 0.020% dearer against Pacifica than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica NATGAS | 2.9964 | 0.0100 | pay 0.0013% / 1h | 55m 12s | $70K | $33K | 10x |
| Short | QFEX NATGAS-USD | 2.9970 | 0.0024 | get 0.0003% / 1h | 55m 12s | $660K | $98K | 20x |
Pacifica NATGAS
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Pacifica. 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
- −$16.06
- Price spread: +0.020% → 0.000%
- $2
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$32.06
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Pacifica: no order-book sample; QFEX: live order book, 15 min ago. Net counts fees only.
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 Pacifica no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 15 min ago | 3.34 bp | 8.3 bp −$8 | 8.3 bp −$83 | 12.6 bp −$1,265 | doesn't fit |
Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0008% | 1h | 2.9967 | +0.010% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8324 | −5.473% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9991 | +0.090% | $2K | $2.1M | 20x | as long as short |
| HTX NATGAS-USDT | +0.0019% | 4h | 2.9976 | +0.040% | $118K | $222K | 75x | as long as short |
| QFEX NATGAS-USDshort | +0.0024% | 1h | 2.9970 | +0.020% | $660K | $98K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 2.9984 | +0.067% | $632K | $484K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9976 | +0.039% | $112K | $259K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9980 | +0.053% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9973 | +0.030% | $6.0M | $5.6M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9973 | +0.030% | $84K | $28K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0075% | 8h | 2.9981 | +0.056% | $5K | — | 5x | as long as short |
| Pacifica NATGASlong | +0.0100% | 1h | 2.9964 | long leg | $70K | $33K | 10x | |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.214% | $36K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.120% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9970 | +0.020% | $1.5M | $92K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0194% | 4h | 2.9940 | −0.080% | $20K | $205K | 25x | as long as short |
| Aster NATGASUSDT | +0.0211% | 4h | 2.9955 | −0.031% | $264K | $68K | 50x | as long as short |
| KuCoin NATGASUSDTM | +0.0230% | 4h | 2.9970 | +0.020% | $1.1M | $849K | 20x | as long as short |
| Gate NG_USDT | +0.0246% | 8h | 3.0010 | +0.154% | $1.5M | $198K | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0298% | 1h | 2.9971 | +0.023% | $53K | $45K | 20x | as long as short |
| Variational Omni NATGAS | +0.0382% | 4h | 2.9959 | −0.016% | $355K | $429K | — | as long as short |
| Binance NATGASUSDT | +0.0401% | 4h | 2.9980 | +0.053% | $9.8M | $31.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0412% | 4h | 2.9956 | −0.026% | $85K | $211K | 20x | as long as short |
| BloFin NG-USDT | +0.0467% | 8h | 2.9970 | +0.020% | $77K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0487% | 8h | 2.9960 | −0.013% | $811K | $1.9M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0587% / S −0.0602% | 1h | 2.9975 | +0.037% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0854% | 4h | 2.9960 | −0.013% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
KuCoin NATGASUSDTM
Gate NG_USDT
Kraken Futures PF_NATGASUSD
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT