Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.015%
Price spread now: Variational Omni against Binance−0.029%7-day average +0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.016%−$2 on $10k
+Price spread, last 2 days (all we have)−0.012%−$1 · spread now −0.029%, 7d avg +0.014%
=Together, before fees−0.028%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.043% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 2.9940 | 0.0618 | pay 0.0309% / 4h | 1h 18m | $10.1M | $30.9M | 100x |
| Short | Variational Omni NATGAS | 2.9931 | 0.0568 | get 0.0284% / 4h | 1h 18m | $311K | $446K | — |
Binance NATGASUSDT
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. 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
- −$10.5
- Price spread: −0.029% → +0.014%
- −$4.33
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$24.83
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 8 min ago; Variational Omni: RFQ quote, 1 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 Binance live order book, 8 min ago | 1.67 bp | 7.4 bp −$7 | 11.7 bp −$117 | 38.4 bp −$3,844 | 133.7 bp −$66.8K |
| Sell Variational Omni RFQ quote, 1 min ago | 4.49 bp | doesn't fit | 9.3 bp −$93 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0024% | 1h | 2.9930 | −0.033% | $35K | — | 20x | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9962 | +0.073% | $2K | $2.6M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9920 | −0.067% | $618K | $411K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9910 | −0.100% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9930 | −0.033% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9954 | +0.047% | $84K | $49K | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9907 | −0.111% | $68K | $34K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.134% | $36K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 2.9900 | −0.134% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9940 | 0.000% | $1.5M | $100K | 10x | as long as short |
Hotstuff NATGAS-PERP
SunX NATGAS-USDT
Lighter NATGAS
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0117% | 8h | 2.9936 | −0.013% | $5K | — | 5x | as long as short |
| QFEX NATGAS-USD | +0.0160% | 1h | 2.9930 | −0.033% | $656K | $86K | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0202% | 4h | 2.9920 | −0.067% | $1.0M | $1.2M | 20x | as long as short |
| HTX NATGAS-USDT | +0.0213% | 4h | 2.9953 | +0.043% | $98K | $214K | 75x | as long as short |
| Extended XNG-USD | +0.0224% | 1h | 2.9906 | −0.114% | $110K | $644K | 5x | as long as short |
| Gate NG_USDT | +0.0227% | 8h | 2.9960 | +0.067% | $1.5M | $307K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0316% | 8h | 2.9930 | −0.033% | $856K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0330% | 8h | 2.9940 | 0.000% | $80K | $189K | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0360% | 4h | 2.9923 | −0.056% | $13K | $246K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0406% / S −0.0333% | 1h | 2.9945 | +0.017% | $93K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0515% | 1h | 2.9953 | +0.042% | $52K | $44K | 20x | as long as short |
| Aster NATGASUSDT | +0.0532% | 4h | 2.9935 | −0.016% | $265K | $105K | 50x | as long as short |
| Variational Omni NATGASshort | +0.0568% | 4h | 2.9931 | −0.029% | $311K | $446K | — | |
| Binance NATGASUSDTlong | +0.0618% | 4h | 2.9940 | long leg | $10.1M | $30.9M | 100x | |
| edgeX NATGASUSDC | +0.0649% | 4h | 2.9931 | −0.029% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0818% | 4h | 2.9910 | −0.100% | $10.0M | $4.0M | 100x | as long as short |
Paradex NG-USD-PERP
QFEX NATGAS-USD
KuCoin NATGASUSDTM
HTX NATGAS-USDT
Extended XNG-USD
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Aster NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT