Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.22 per $10,000 · paid last 24h −0.020%
Price spread now: Variational Omni against edgeX−0.047%59s7-day average +0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.047%, 7d avg +0.001%
=Together, before fees+0.012%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.048% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX NATGASUSDC | 3.0024 | 0.0409 | pay 0.0204% / 4h | 18m 38s | $85K | $212K | 20x |
| Short | Variational Omni NATGAS | 3.0010 | 0.0365 | get 0.0183% / 4h | 18m 38s | $318K | $390K | — |
edgeX NATGASUSDC
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against edgeX. 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
- −$9.17
- Price spread: −0.047% → +0.001%
- −$4.79
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$22.95
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 18 min ago; Variational Omni: RFQ quote, 20 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 edgeX live order book, 18 min ago | 13.31 bp | 33.6 bp −$34 | 43.3 bp −$433 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 20 min ago | 4.49 bp | doesn't fit | 6.1 bp −$61 | 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 | −0.0080% | 1h | 3.0028 | +0.014% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8396 | −5.422% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.060% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0028 | +0.014% | $117K | $217K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0020 | −0.013% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0030 | +0.020% | $630K | $495K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0018 | −0.020% | $111K | $271K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.020% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0020 | −0.013% | $6.0M | $5.3M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0036 | +0.040% | $82K | $26K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0030 | +0.020% | $5K | — | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0054% | 4h | 3.0010 | −0.047% | $15K | $222K | 25x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0016 | −0.026% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.080% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.080% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.013% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0150% | 4h | 3.0010 | −0.046% | $1.0M | $873K | 20x | as long as short |
| Aster NATGASUSDT | +0.0170% | 4h | 3.0040 | +0.054% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGASshort | +0.0365% | 4h | 3.0010 | −0.047% | $318K | $390K | — | |
| Binance NATGASUSDT | +0.0384% | 4h | 3.0018 | −0.020% | $10.4M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDClong | +0.0409% | 4h | 3.0024 | long leg | $85K | $212K | 20x | |
| BloFin NG-USDT | +0.0561% | 8h | 2.9980 | −0.146% | $81K | $197K | 20x | as long as short |
| Gate NG_USDT | +0.0574% | 8h | 3.0040 | +0.054% | $1.5M | $196K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0579% | 8h | 3.0000 | −0.080% | $839K | $1.8M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0584% / S −0.0598% | 1h | 3.0025 | +0.004% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0840% | 4h | 2.9990 | −0.113% | $9.9M | $3.0M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0862% | 1h | 3.0044 | +0.066% | $56K | $35K | 20x | as long as short |
Paradex NG-USD-PERP
GRVT NATGAS_USDT_Perp
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Binance NATGASUSDT
BloFin NG-USDT
Gate NG_USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD