Funding you earn now, next payment 20:00 UTC+0.0412%/8hpaid last 24h +0.052%
Price spread now: Aster against QFEX+0.080%7-day average +0.035% · 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−$48as in the Price arb table
costs, in and out, $10k−$530.525% of the position
Funding, last 3 days (all we have)+0.054%+$5 on $10k
+Price spread, last 3 days (all we have)+0.025%+$2 · spread now +0.080%, 7d avg +0.035%
=Together, before fees+0.079%+ Points / potential airdropAster: Stage 5 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Aster is 0.045% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.035%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.054% in total (about 6.1% 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 | 2.9850 | 0.0028 | pay 0.0003% / 1h | 23m 31s | $655K | $102K | 20x |
| Short | Aster NATGASUSDT | 2.9874 | 0.0440 | get 0.0220% / 4h | 23m 31s | $264K | $104K | 50x |
QFEX NATGAS-USD
Aster NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- $86.52
- Price spread: +0.080% → +0.035%
- $4.51
- Slippage, 4 orders
- −$34.52
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $38.5
- Costs to cover
- 0.525%
- Break-even
- 3.9 days
Slippage from QFEX: live order book, 4 min ago; Aster: live order book, 7 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, 4 min ago | 3.35 bp | 8.3 bp −$8 | 8.3 bp −$83 | 10.6 bp −$1,056 | doesn't fit |
| Sell Aster live order book, 7 min ago | 3.34 bp | 19.2 bp −$19 | 22.2 bp −$222 | 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 | 2.8255 | −5.343% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9871 | +0.070% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USDlong | +0.0028% | 1h | 2.9850 | long leg | $655K | $102K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 2.9848 | −0.007% | $615K | $413K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.8280 | −5.260% | — | $378 | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0087% | 8h | 2.9859 | +0.028% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9831 | −0.064% | $80K | $22K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9800 | −0.168% | $36K | $210K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 2.9800 | −0.168% | $3K | $278 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9860 | +0.034% | $1.5M | $98K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Vest NG-PERP
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NATGAS-USD.P | +0.0119% | 1h | 2.9852 | +0.007% | $83K | $70K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0146% | 4h | 2.9865 | +0.050% | $97K | $225K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.0160% | 1h | 2.9854 | +0.013% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0207% | 1h | 2.9850 | 0.000% | $5.9M | $6.7M | 10x | as long as short |
| Extended XNG-USD | +0.0232% | 1h | 2.9833 | −0.058% | $112K | $1.3M | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0274% | 4h | 2.9850 | 0.000% | $21K | $279K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0308% | 4h | 2.9850 | 0.000% | $1.0M | $1.2M | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0345% | 8h | 2.9840 | −0.034% | $892K | $1.8M | 50x | as long as short |
| BloFin NG-USDT | +0.0353% | 8h | 2.9870 | +0.067% | $85K | $190K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0411% / S −0.0333% | 1h | 2.9855 | +0.017% | $93K | — | 45x | as long as short |
| Gate NG_USDT | +0.0436% | 8h | 2.9880 | +0.101% | $1.5M | $396K | 100x | as long as short |
| Aster NATGASUSDTshort | +0.0440% | 4h | 2.9874 | +0.080% | $264K | $104K | 50x | |
| Variational Omni NATGAS | +0.0468% | 4h | 2.9845 | −0.017% | $310K | $493K | — | as long as short |
| Binance NATGASUSDT | +0.0508% | 4h | 2.9852 | +0.008% | $10.1M | $32.8M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0517% | 4h | 2.9855 | +0.015% | $85K | $213K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0829% | 1h | 2.9870 | +0.066% | $52K | $55K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0974% | 4h | 2.9820 | −0.101% | $9.9M | $4.2M | 100x | as long as short |
Ondo Perps NATGAS-USD.P
HTX NATGAS-USDT
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
Extended XNG-USD
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
OKX NG-USDT-SWAP
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT