Funding you earn now, next payment 09:00 UTC+0.0312%/8h= +34.2% APRpaid last 24h +0.081%
Price spread now: Variational Omni against Extended−0.185%7-day average +0.011% · 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)+0.088%+$9 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.185%, 7d avg +0.011%
=Together, before fees+0.224%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.196% cheaper against Extended than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of +0.011%). If the spread goes back, that is −$20 on $10k: about 2.1 days of funding at the current rate (+$9 a day). At the pace of the last 4 days (+0.088% in total) that is about 8.2 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.088% in total (about 8.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XNG-USD | 3.0045 | 0.0032 | pay 0.0004% / 1h | 35m 58s | $109K | $253K | 5x |
| Short | Variational Omni NATGAS | 2.9990 | 0.0344 | get 0.0172% / 4h | 3h 35m | $318K | $390K | — |
Extended XNG-USD
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Extended. 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
- $65.52
- Price spread: −0.185% → +0.011%
- −$19.6
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $40.92
- Costs to cover
- 0.050%
- Break-even
- 2.6 days
Slippage unknown: Extended: live order book, 61 min ago; Variational Omni: RFQ quote, 63 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 Extended live order book, 61 min ago | 0.83 bp | 4.9 bp −$5 | 9.3 bp −$93 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 63 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NATGAS-USD | 0.0000% | 1h | 3.0050 | +0.015% | $660K | $96K | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8440 | −5.344% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.088% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0075 | +0.098% | $632K | $483K | 10x | as long as short |
| Extended XNG-USDlong | +0.0032% | 1h | 3.0045 | long leg | $109K | $253K | 5x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0040 | −0.018% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0060 | +0.048% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0028 | −0.058% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0046 | +0.002% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0034 | −0.037% | $69K | $30K | 10x | as long as short |
QFEX NATGAS-USD
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.151% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.151% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | +0.082% | $1.5M | $90K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0128% | 1h | 3.0035 | −0.035% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0148% | 4h | 3.0030 | −0.052% | $1.0M | $844K | 20x | as long as short |
| Aster NATGASUSDT | +0.0172% | 4h | 3.0031 | −0.050% | $264K | $69K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0185% | 4h | 3.0090 | +0.148% | $119K | $221K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0264% | 4h | 3.0030 | −0.052% | $20K | $221K | 25x | as long as short |
| Gate NG_USDT | +0.0298% | 8h | 3.0080 | +0.115% | $1.5M | $193K | 100x | as long as short |
| Variational Omni NATGASshort | +0.0344% | 4h | 2.9990 | −0.185% | $318K | $390K | — | |
| Binance NATGASUSDT | +0.0363% | 4h | 3.0068 | +0.074% | $10.4M | $28.8M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0370% | 4h | 3.0027 | −0.060% | $85K | $212K | 20x | as long as short |
| BloFin NG-USDT | +0.0492% | 8h | 3.0030 | −0.052% | $76K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0506% | 8h | 3.0050 | +0.015% | $801K | $1.9M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0599% / S −0.0616% | 1h | 3.0075 | +0.098% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0683% | 1h | 3.0063 | +0.057% | $54K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0846% | 4h | 3.0040 | −0.018% | $9.9M | $3.0M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Gate NG_USDT
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT