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: Extended against QFEX−0.046%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as 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
Funding pays, the price is against you. Extended is 0.058% cheaper against QFEX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.012%). If the spread goes back, that is −$6 on $10k: about 7.0 days of funding at the current rate (+$1 a day). 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 | QFEX NATGAS-USD | 3.0040 | 0.0004 | pay 0.0001% / 1h | 6m 40s | $659K | $96K | 20x |
| Short | Extended XNG-USD | 3.0026 | 0.0032 | get 0.0004% / 1h | 6m 40s | $109K | $273K | 5x |
QFEX NATGAS-USD
Extended XNG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $5.81
- Price spread: −0.046% → +0.012%
- −$5.82
- Slippage, 4 orders
- −$10.46
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$25.46
- Costs to cover
- 0.255%
- Break-even
- 37.7 days
Slippage from QFEX: live order book, 8 min ago; Extended: live order book, 30 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, 8 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 11.4 bp −$1,141 | doesn't fit |
| Sell Extended live order book, 30 min ago | 0.83 bp | 3.9 bp −$4 | 9.0 bp −$90 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0032% | 1h | 3.0041 | +0.003% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8396 | −5.473% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.040% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0051 | +0.037% | $119K | $221K | 75x | as long as short |
| QFEX NATGAS-USDlong | +0.0004% | 1h | 3.0040 | long leg | $659K | $96K | 20x | |
| Lighter NATGAS | +0.0032% | 1h | 3.0040 | 0.000% | $631K | $495K | 10x | as long as short |
| Extended XNG-USDshort | +0.0032% | 1h | 3.0026 | −0.046% | $109K | $273K | 5x | |
| GRVT NATGAS_USDT_Perp | +0.0044% | 4h | 3.0005 | −0.116% | $15K | $222K | 25x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.033% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0033 | −0.023% | $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 | −0.123% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0043 | +0.011% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0014 | −0.087% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.133% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.133% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | −0.033% | $1.5M | $90K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0140% | 4h | 3.0020 | −0.067% | $1.0M | $864K | 20x | as long as short |
| Aster NATGASUSDT | +0.0149% | 4h | 3.0040 | 0.000% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGAS | +0.0349% | 4h | 3.0011 | −0.096% | $318K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0363% | 4h | 3.0030 | −0.033% | $10.4M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0385% | 4h | 3.0011 | −0.096% | $85K | $212K | 20x | as long as short |
| BloFin NG-USDT | +0.0536% | 8h | 3.0000 | −0.133% | $80K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0553% | 8h | 3.0020 | −0.067% | $802K | $1.9M | 50x | as long as short |
| Gate NG_USDT | +0.0571% | 8h | 3.0060 | +0.067% | $1.5M | $197K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0591% / S −0.0606% | 1h | 3.0035 | −0.017% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0826% | 4h | 3.0010 | −0.100% | $9.9M | $3.0M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0861% | 1h | 3.0055 | +0.049% | $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