Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.024%
Price spread now: QFEX against Phemex−0.033%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$860.860% of the position
Funding, last 4 days (all we have)−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.033%, 7d avg −0.015%
=The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 3.0040 | 0.0100 | pay 0.0050% / 4h | 3h 59m | $1.5M | $90K | 10x |
| Short | QFEX NATGAS-USD | 3.0030 | 0.0004 | get 0.0001% / 1h | 59m 08s | $659K | $96K | 20x |
Phemex NGUSDT
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Phemex. 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
- −$20.09
- Price spread: −0.033% → −0.015%
- −$1.8
- Slippage, 4 orders
- −$63.97
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$107.86
- Costs to cover
- 0.860%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; QFEX: live order book, 16 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 Phemex live order book, 4 min ago | 4.99 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 16 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 11.4 bp −$1,144 | 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 | 2.8391 | −5.489% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0051 | +0.037% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0043 | +0.010% | $118K | $221K | 75x | as long as short |
| QFEX NATGAS-USDshort | +0.0004% | 1h | 3.0030 | −0.033% | $659K | $96K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0039 | −0.003% | $631K | $482K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0022 | −0.060% | $109K | $271K | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0038% | 4h | 3.0020 | −0.066% | $18K | $218K | 25x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.033% | — | $14K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 3.0027 | −0.043% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0029 | −0.037% | $6.0M | $5.3M | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
GRVT NATGAS_USDT_Perp
Vest NG-PERP
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0012 | −0.093% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0036 | −0.013% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0006 | −0.112% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.133% | $37K | $215K | 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 NGUSDTlong | +0.0100% | 4h | 3.0040 | long leg | $1.5M | $90K | 10x | |
| KuCoin NATGASUSDTM | +0.0134% | 4h | 3.0010 | −0.100% | $1.0M | $859K | 20x | as long as short |
| Aster NATGASUSDT | +0.0138% | 4h | 3.0040 | 0.000% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGAS | +0.0330% | 4h | 3.0021 | −0.063% | $318K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0350% | 4h | 3.0039 | −0.004% | $10.4M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0361% | 4h | 3.0021 | −0.064% | $85K | $213K | 20x | as long as short |
| BloFin NG-USDT | +0.0507% | 8h | 3.0020 | −0.067% | $76K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0533% | 8h | 3.0010 | −0.100% | $802K | $1.9M | 50x | as long as short |
| Gate NG_USDT | +0.0565% | 8h | 3.0050 | +0.033% | $1.5M | $192K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0588% / S −0.0602% | 1h | 3.0035 | −0.017% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0684% | 1h | 3.0048 | +0.025% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0822% | 4h | 3.0010 | −0.100% | $9.9M | $3.0M | 100x | as long as short |
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT