Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.025%
Price spread now: HTX against QFEX+0.033%7-day average +0.073% · 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−$41as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 4 days (all we have)+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.033%, 7d avg +0.073%
=Funding pays, the price is against you. HTX is 0.040% cheaper against QFEX than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.073%). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.012% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NATGAS-USD | 3.0070 | 0.0033 | pay 0.0004% / 1h | 7m 28s | $660K | $96K | 20x |
| Short | HTX NATGAS-USDT | 3.0080 | 0.0130 | get 0.0065% / 4h | 2h 07m | $107K | $211K | 75x |
QFEX NATGAS-USD
HTX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $20.19
- Price spread: +0.033% → +0.073%
- −$3.97
- Slippage, 4 orders
- −$15.29
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$21.07
- Costs to cover
- 0.373%
- Break-even
- 14.3 days
Slippage from QFEX: live order book, 18 min ago; HTX: live order book, 39 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, 18 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 11.8 bp −$1,181 | doesn't fit |
| Sell HTX live order book, 39 min ago | 4.16 bp | 10.5 bp −$10 | 21.3 bp −$213 | doesn't fit | doesn't fit |
NATGAS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0102 | +0.106% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0077 | +0.023% | $629K | $504K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0068 | −0.006% | $110K | $333K | 5x | as long as short |
| QFEX NATGAS-USDlong | +0.0033% | 1h | 3.0070 | long leg | $660K | $96K | 20x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | 0.000% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0049 | −0.070% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0056% | 1h | 3.0074 | +0.013% | $6.0M | $5.5M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0087 | +0.057% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0068 | −0.007% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.233% | $37K | $218K | 50x | as long as short |
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.233% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | 0.000% | $1.5M | $93K | 10x | as long as short |
| HTX NATGAS-USDTshort | +0.0130% | 4h | 3.0080 | +0.033% | $107K | $211K | 75x | |
| GRVT NATGAS_USDT_Perp | +0.0170% | 4h | 3.0052 | −0.060% | $13K | $212K | 25x | as long as short |
| Hotstuff NATGAS-PERP | +0.0208% | 1h | 3.0076 | +0.020% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0316% | 4h | 3.0060 | −0.033% | $1.0M | $945K | 20x | as long as short |
| Aster NATGASUSDT | +0.0338% | 4h | 3.0097 | +0.089% | $265K | $75K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0529% / S −0.0530% | 1h | 3.0075 | +0.017% | $88K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0561% | 4h | 3.0060 | −0.034% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0577% | 4h | 3.0070 | 0.000% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0592% | 4h | 3.0060 | −0.034% | $85K | $212K | 20x | as long as short |
| Gate NG_USDT | +0.0615% | 8h | 3.0100 | +0.100% | $1.5M | $196K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0652% | 8h | 3.0080 | +0.033% | $867K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0652% | 8h | 3.0070 | 0.000% | $81K | $195K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0982% | 4h | 3.0040 | −0.100% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1180% | 1h | 3.0096 | +0.085% | $56K | $35K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD