NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h −0.015%

Price spread now: QFEX against Ondo Perps+0.037%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. QFEX is 0.037% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NATGAS-USD.P	2.9999	0.0050	pay 0.0006% / 1h	39m 01s	$82K	$26K	10x
Short	QFEX NATGAS-USD	3.0010	0.0009	get 0.0001% / 1h	39m 01s	$668K	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee QFEXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$8.75
Price spread: +0.037% → 0.000%: $3.67
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.09
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; QFEX: live order book, 56 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell QFEX live order book, 56 min ago	3.33 bp	8.3 bp −$8	8.3 bp −$83	11.9 bp −$1,191	doesn't fit

Ondo Perps: 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	2.8396	−5.344%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0032	+0.110%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USDshort	+0.0009%	1h	3.0010	+0.037%	$668K	$91K	20x
Lighter NATGAS	+0.0032%	1h	3.0004	+0.017%	$626K	$501K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	2.9998	−0.005%	$110K	$395K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	+0.037%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.Plong	+0.0050%	1h	2.9999	long leg	$82K	$26K	10x
tradeXYZ xyz:NATGAS	+0.0054%	1h	3.0005	+0.020%	$6.0M	$5.7M	10x	as long as short
Paradex NG-USD-PERP	+0.0074%	8h	3.0023	+0.081%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9985	−0.047%	$68K	$33K	10x	as long as short

Show 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	+0.003%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	+0.003%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0010	+0.037%	$1.5M	$93K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0136%	1h	3.0011	+0.040%	$35K	—	20x	as long as short
KuCoin NATGASUSDTM	+0.0326%	4h	3.0000	+0.003%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0374%	4h	3.0035	+0.122%	$263K	$74K	50x	as long as short
HTX NATGAS-USDT	+0.0386%	4h	3.0055	+0.187%	$107K	$213K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0468%	4h	3.0020	+0.070%	$12K	$230K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0472% / S −0.0414%	1h	3.0015	+0.053%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0531%	8h	3.0050	+0.170%	$1.5M	$192K	100x	as long as short
BloFin NG-USDT	+0.0538%	8h	3.0020	+0.070%	$81K	$193K	20x	as long as short
OKX NG-USDT-SWAP	+0.0558%	8h	3.0020	+0.070%	$863K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0576%	4h	3.0020	+0.069%	$316K	$449K	—	as long as short
Binance NATGASUSDT	+0.0597%	4h	3.0017	+0.059%	$10.2M	$28.4M	100x	as long as short
edgeX NATGASUSDC	+0.0600%	4h	3.0010	+0.036%	$85K	$212K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0856%	1h	3.0032	+0.110%	$55K	$35K	20x	as long as short
Bitget NATGASUSDT	+0.0978%	4h	2.9990	−0.030%	$9.9M	$3.2M	100x	as long as short