Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h −0.016%
Price spread now: QFEX against Extended+0.046%7-day average −0.012% · 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−$20as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Funding, last 4 days (all we have)−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.046%, 7d avg −0.012%
=Together, before fees−0.156%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.058% dearer against Extended than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.012%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.0 days. At the pace of the last 4 days (−0.063% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XNG-USD | 3.0026 | 0.0032 | pay 0.0004% / 1h | 6m 52s | $109K | $273K | 5x |
| Short | QFEX NATGAS-USD | 3.0040 | 0.0004 | get 0.0001% / 1h | 6m 52s | $659K | $96K | 20x |
Extended XNG-USD
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Extended. 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
- −$5.81
- Price spread: +0.046% → −0.012%
- $5.82
- Slippage, 4 orders
- −$10.46
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$25.45
- Costs to cover
- 0.255%
- Break-even
- never at this rate
Slippage from Extended: live order book, 30 min ago; QFEX: live order book, 8 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 Extended live order book, 30 min ago | 0.83 bp | 4.9 bp −$5 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0032% | 1h | 3.0041 | +0.049% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8396 | −5.429% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.086% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0051 | +0.082% | $119K | $221K | 75x | as long as short |
| QFEX NATGAS-USDshort | +0.0004% | 1h | 3.0040 | +0.046% | $659K | $96K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0041 | +0.049% | $631K | $495K | 10x | as long as short |
| Extended XNG-USDlong | +0.0032% | 1h | 3.0026 | long leg | $109K | $273K | 5x | |
| GRVT NATGAS_USDT_Perp | +0.0044% | 4h | 3.0005 | −0.070% | $15K | $222K | 25x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.079% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0033 | +0.022% | $6.0M | $5.3M | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
Lighter NATGAS
GRVT NATGAS_USDT_Perp
Vest NG-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 | 3.0003 | −0.077% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0047 | +0.069% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0035 | +0.029% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.087% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.087% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.012% | $1.5M | $90K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0142% | 4h | 3.0020 | −0.021% | $1.0M | $865K | 20x | as long as short |
| Aster NATGASUSDT | +0.0151% | 4h | 3.0040 | +0.046% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGAS | +0.0349% | 4h | 3.0011 | −0.050% | $318K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0366% | 4h | 3.0030 | +0.012% | $10.4M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0385% | 4h | 3.0011 | −0.050% | $85K | $212K | 20x | as long as short |
| BloFin NG-USDT | +0.0536% | 8h | 3.0000 | −0.087% | $80K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0553% | 8h | 3.0020 | −0.021% | $802K | $1.8M | 50x | as long as short |
| Gate NG_USDT | +0.0571% | 8h | 3.0060 | +0.112% | $1.5M | $197K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0591% / S −0.0606% | 1h | 3.0035 | +0.029% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0826% | 4h | 3.0010 | −0.054% | $9.9M | $3.0M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0861% | 1h | 3.0055 | +0.095% | $56K | $35K | 20x | as long as short |
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
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]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD