Funding you earn now, next payment 04:00 UTC+0.0196%/8h= +21.4% APRpaid last 24h +0.018%
Price spread now: HTX against QFEX+0.067%7-day average +0.072% · 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−$38as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 4 days (all we have)+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.067%, 7d avg +0.072%
=The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.005% in total (about 0.5% 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 | QFEX NATGAS-USD | 3.0050 | 0.0022 | pay 0.0003% / 1h | 32m 40s | $659K | $85K | 20x |
| Short | HTX NATGAS-USDT | 3.0070 | 0.0217 | get 0.0109% / 4h | 32m 40s | $105K | $212K | 75x |
QFEX NATGAS-USD
HTX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $41.08
- Price spread: +0.067% → +0.072%
- −$0.56
- Slippage, 4 orders
- −$15.26
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $3.27
- Costs to cover
- 0.373%
- Break-even
- 6.4 days
Slippage from QFEX: live order book, 2 min ago; HTX: live order book, 24 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, 2 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 12.1 bp −$1,210 | doesn't fit |
| Sell HTX live order book, 24 min ago | 3.50 bp | 11.1 bp −$11 | 19.9 bp −$199 | 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 | 2.8476 | −5.238% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.106% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDlong | +0.0022% | 1h | 3.0050 | long leg | $659K | $85K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0051 | +0.003% | $619K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0042 | −0.028% | $110K | $427K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0058 | +0.027% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | 0.000% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0040 | −0.033% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0055% | 8h | 3.0063 | +0.042% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0045 | −0.017% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.166% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.166% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | +0.033% | $1.5M | $94K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0119% | 1h | 3.0056 | +0.020% | $6.0M | $5.9M | 10x | as long as short |
| HTX NATGAS-USDTshort | +0.0217% | 4h | 3.0070 | +0.067% | $105K | $212K | 75x | |
| GRVT NATGAS_USDT_Perp | +0.0348% | 4h | 3.0041 | −0.031% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0374% | 4h | 3.0040 | −0.033% | $1.1M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0410% | 4h | 3.0045 | −0.016% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0453% / S −0.0393% | 1h | 3.0065 | +0.050% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0460% | 8h | 3.0080 | +0.100% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDT | +0.0468% | 8h | 3.0050 | 0.000% | $80K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0492% | 8h | 3.0050 | 0.000% | $855K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0601% | 4h | 3.0050 | −0.001% | $312K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0627% | 4h | 3.0060 | +0.033% | $10.2M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0635% | 4h | 3.0050 | −0.001% | $85K | $213K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0993% | 1h | 3.0077 | +0.088% | $54K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1006% | 4h | 3.0030 | −0.067% | $9.9M | $3.3M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
tradeXYZ xyz:NATGAS
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT