Funding you earn now, next payment 11:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.024%
Price spread now: Phemex against QFEX+0.033%7-day average +0.015% · 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−$80as in the Price arb table
costs, in and out, $10k−$820.819% of the position
Funding, last 4 days (all we have)+0.095%+$10 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.033%, 7d avg +0.015%
=The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX NATGAS-USD | 3.0020 | −0.0004 | get 0.0001% / 1h | 43m 02s | $661K | $99K | 20x |
| Short | Phemex NGUSDT | 3.0030 | 0.0100 | get 0.0050% / 4h | 1h 43m | $1.5M | $93K | 10x |
QFEX NATGAS-USD
Phemex NGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $21.87
- Price spread: +0.033% → +0.015%
- $1.82
- Slippage, 4 orders
- −$59.86
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$58.17
- Costs to cover
- 0.819%
- Break-even
- 25.6 days
Slippage from QFEX: live order book, 63 min ago; Phemex: live order book, 3 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, 63 min ago | 3.34 bp | 8.3 bp −$8 | 8.3 bp −$83 | 11.8 bp −$1,178 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 3.33 bp | 33.0 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
NATGAS on 27 exchanges
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 | −0.1600% | 1h | 3.0017 | −0.010% | $35K | — | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | −0.0077% | 1h | 3.0032 | +0.040% | $54K | $46K | 20x | as long as short |
| QFEX NATGAS-USDlong | −0.0004% | 1h | 3.0020 | long leg | $661K | $99K | 20x | |
| Aster NATGASUSDT | 0.0000% | 4h | 3.0002 | −0.061% | $258K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | 0.0000% | 4h | 3.0034 | +0.045% | $19K | $200K | 25x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8355 | −5.546% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.107% | $2K | $1.7M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0050 | +0.100% | $118K | $220K | 75x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0022 | +0.007% | $649K | $793K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0018 | −0.007% | $122K | $368K | 5x | as long as short |
Hotstuff NATGAS-PERP
Kraken Futures PF_NATGASUSD
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
Lighter NATGAS
Extended XNG-USDShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.033% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0022 | +0.007% | $6.0M | $4.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0013 | −0.023% | $84K | $28K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0025 | +0.017% | $5K | — | 5x | as long as short |
| Variational Omni NATGAS | +0.0088% | 4h | 3.0027 | +0.024% | $356K | $426K | — | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0000 | −0.067% | $68K | $39K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.067% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.067% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTshort | +0.0100% | 4h | 3.0030 | +0.033% | $1.5M | $93K | 10x | |
| KuCoin NATGASUSDTM | +0.0130% | 4h | 3.0000 | −0.067% | $1.1M | $797K | 20x | as long as short |
| edgeX NATGASUSDC | +0.0166% | 4h | 3.0024 | +0.012% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0169% | 4h | 3.0030 | +0.033% | $10.0M | $32.7M | 100x | as long as short |
| Gate NG_USDT | +0.0270% | 8h | 3.0050 | +0.100% | $1.5M | $200K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0346% | 8h | 3.0010 | −0.033% | $833K | $2.0M | 50x | as long as short |
| BloFin NG-USDT | +0.0371% | 8h | 3.0000 | −0.067% | $80K | $201K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0493% / S −0.0486% | 1h | 3.0035 | +0.050% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0710% | 4h | 3.0000 | −0.067% | $9.9M | $2.9M | 100x | as long as short |
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Variational Omni NATGAS
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
KuCoin NATGASUSDTM
edgeX NATGASUSDC
Binance NATGASUSDT
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT