Funding you earn now, next payment 07:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.024%
Price spread now: ApeX Omni against QFEX+0.100%56s7-day average +0.015% · 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−$1221.219% of the position
Funding, last 4 days (all we have)+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.100%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.085% dearer against QFEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.015%. 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 | QFEX NATGAS-USD | 3.0070 | 0.0002 | pay 0.0000% / 1h | 24m 21s | $660K | $96K | 20x |
| Short | ApeX Omni NATGASUSDT | 3.0100 | 0.0100 | get 0.0013% / 1h | 24m 21s | $37K | $217K | 50x |
QFEX NATGAS-USD
ApeX Omni NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $20.56
- Price spread: +0.100% → +0.015%
- $8.5
- Slippage, 4 orders
- −$101.91
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$92.85
- Costs to cover
- 1.219%
- Break-even
- 38.6 days
Slippage from QFEX: live order book, 61 min ago; ApeX Omni: live order book, 17 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, 61 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 11.8 bp −$1,181 | doesn't fit |
| Sell ApeX Omni live order book, 17 min ago | 16.64 bp | 53.7 bp −$54 | 268.4 bp −$2,684 | 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 | 2.8461 | −5.351% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.073% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDlong | +0.0002% | 1h | 3.0070 | long leg | $660K | $96K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0080 | +0.033% | $630K | $502K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0067 | −0.009% | $111K | $283K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | 0.000% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0069 | −0.003% | $6.0M | $5.4M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0056 | −0.047% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0055% | 8h | 3.0088 | +0.059% | $5K | — | 5x | as long as short |
| HTX NATGAS-USDT | +0.0055% | 4h | 3.0087 | +0.057% | $107K | $201K | 75x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
HTX NATGAS-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0052 | −0.060% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDTshort | +0.0100% | 1h | 3.0100 | +0.100% | $37K | $217K | 50x | |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0100 | +0.100% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | 0.000% | $1.5M | $93K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0152% | 4h | 3.0064 | −0.020% | $22K | $210K | 25x | as long as short |
| Hotstuff NATGAS-PERP | +0.0224% | 1h | 3.0078 | +0.027% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0260% | 4h | 3.0050 | −0.067% | $1.0M | $915K | 20x | as long as short |
| Aster NATGASUSDT | +0.0285% | 4h | 3.0094 | +0.080% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGAS | +0.0508% | 4h | 3.0070 | −0.001% | $319K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0527% | 4h | 3.0070 | 0.000% | $10.3M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0547% | 4h | 3.0070 | −0.001% | $85K | $211K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0553% / S −0.0560% | 1h | 3.0075 | +0.017% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0626% | 8h | 3.0090 | +0.067% | $1.5M | $196K | 100x | as long as short |
| BloFin NG-USDT | +0.0630% | 8h | 3.0050 | −0.067% | $83K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0654% | 8h | 3.0080 | +0.033% | $877K | $1.8M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0958% | 4h | 3.0040 | −0.100% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0086 | +0.054% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD