Funding you earn now, next payment 03:00 UTC−0.0975%/8h= −106.7% APRpaid last 24h −0.238%
Price spread now: QFEX against Bitget+0.067%7-day average +0.027% · 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−$33as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 4 days (all we have)−0.459%−$46 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.067%, 7d avg +0.027%
=The price spread pays, funding is against you. QFEX is 0.039% dearer against Bitget than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.027%): +$4 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 4 days (−0.459% in total) that is about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 2.9980 | 0.0994 | pay 0.0497% / 4h | 1h 01m | $9.9M | $3.4M | 100x |
| Short | QFEX NATGAS-USD | 3.0000 | 0.0019 | get 0.0002% / 1h | 1m 23s | $658K | $85K | 20x |
Bitget NATGASUSDT
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Bitget. 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
- −$204.72
- Price spread: +0.067% → +0.027%
- $3.94
- Slippage, 4 orders
- −$14.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$237.59
- Costs to cover
- 0.368%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; QFEX: live order book, 48 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 Bitget live order book, 2 min ago | 1.67 bp | 10.0 bp −$10 | 21.9 bp −$219 | 77.6 bp −$7,758 | doesn't fit |
| Sell QFEX live order book, 48 min ago | 1.67 bp | 6.7 bp −$7 | 6.7 bp −$67 | 10.6 bp −$1,055 | 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 | 2.8425 | −5.187% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0031 | +0.170% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0019% | 1h | 3.0000 | +0.067% | $658K | $85K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 2.9998 | +0.060% | $618K | $495K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0008 | +0.093% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.100% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0028 | +0.160% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0060% | 8h | 3.0016 | +0.121% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0093% | 1h | 3.0008 | +0.093% | $6.0M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9978 | −0.007% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
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 | +0.067% | $37K | $214K | 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 | 3.0010 | +0.100% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USD | +0.0128% | 1h | 2.9991 | +0.036% | $110K | $445K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0240% | 4h | 3.0022 | +0.140% | $105K | $216K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0382% | 4h | 3.0002 | +0.074% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0386% | 4h | 3.0000 | +0.067% | $1.1M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0409% | 4h | 2.9999 | +0.065% | $265K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0442% / S −0.0381% | 1h | 3.0015 | +0.117% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0459% | 8h | 3.0040 | +0.200% | $1.5M | $211K | 100x | as long as short |
| BloFin NG-USDT | +0.0475% | 8h | 2.9990 | +0.033% | $80K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0478% | 8h | 3.0000 | +0.067% | $852K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0586% | 4h | 2.9999 | +0.064% | $311K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0617% | 4h | 2.9999 | +0.064% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0622% | 4h | 3.0015 | +0.116% | $10.2M | $28.9M | 100x | as long as short |
| Bitget NATGASUSDTlong | +0.0994% | 4h | 2.9980 | long leg | $9.9M | $3.4M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0026 | +0.155% | $53K | $34K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
HTX NATGAS-USDT
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
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD