Funding you earn now, next payment 05:00 UTC−0.0199%/8h= −21.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.012%
Price spread now: QFEX against Hotstuff+0.013%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff NATGAS-PERP | 3.0006 | 0.0208 | pay 0.0026% / 1h | 41m 58s | $35K | — | 20x |
| Short | QFEX NATGAS-USD | 3.0010 | 0.0009 | get 0.0001% / 1h | 41m 58s | $668K | $91K | 20x |
Hotstuff NATGAS-PERP
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Hotstuff. 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
- −$41.85
- Price spread: +0.013% → 0.000%
- $1.33
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$55.52
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; QFEX: live order book, 53 min ago. Net counts fees only.
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 53 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 11.9 bp −$1,191 | doesn't fit |
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 2.8406 | −5.332% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0031 | +0.083% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0009% | 1h | 3.0010 | +0.013% | $668K | $91K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0005 | −0.003% | $626K | $501K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.028% | $110K | $395K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.013% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0039 | +0.110% | $82K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0059% | 1h | 3.0004 | −0.007% | $6.0M | $5.7M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0076% | 8h | 3.0017 | +0.038% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9983 | −0.077% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
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 | −0.020% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.020% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | +0.013% | $1.5M | $93K | 10x | as long as short |
| Hotstuff NATGAS-PERPlong | +0.0208% | 1h | 3.0006 | long leg | $35K | — | 20x | |
| KuCoin NATGASUSDTM | +0.0328% | 4h | 3.0010 | +0.013% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0376% | 4h | 3.0040 | +0.114% | $264K | $74K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0430% | 4h | 3.0056 | +0.167% | $107K | $214K | 75x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0471% / S −0.0413% | 1h | 3.0015 | +0.030% | $92K | — | 45x | as long as short |
| BloFin NG-USDT | +0.0528% | 8h | 3.0030 | +0.080% | $81K | $191K | 20x | as long as short |
| Gate NG_USDT | +0.0529% | 8h | 3.0050 | +0.147% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0556% | 8h | 3.0010 | +0.013% | $861K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0576% | 4h | 3.0020 | +0.046% | $316K | $449K | — | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0596% | 4h | 3.0017 | +0.037% | $12K | $230K | 25x | as long as short |
| Binance NATGASUSDT | +0.0599% | 4h | 3.0010 | +0.013% | $10.2M | $28.4M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0600% | 4h | 3.0046 | +0.132% | $85K | $213K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0856% | 1h | 3.0024 | +0.061% | $53K | $33K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0980% | 4h | 2.9990 | −0.053% | $9.9M | $3.2M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
GMX NATGAS/USD [ETH-USDC]
BloFin NG-USDT
Gate NG_USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
GRVT NATGAS_USDT_Perp
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT