Funding you earn now, next payment 08:00 UTC+0.0492%/8h= +53.9% APRpaid last 24h +0.081%
Price spread now: Variational Omni against Orderly+0.099%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Variational Omni is 0.099% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NATGAS_USDC_mythos | 3.0000 | 0.0100 | pay 0.0100% / 8h | 3h 26m | $3K | $544 | 10x |
| Short | Variational Omni NATGAS | 3.0030 | 0.0592 | get 0.0296% / 4h | 3h 26m | $317K | $439K | — |
Orderly PERP_NATGAS_USDC_mythos
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. 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
- $103.28
- Price spread: +0.099% → 0.000%
- $9.91
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $107.19
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 28 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 28 min ago | 4.49 bp | doesn't fit | 12.6 bp −$126 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8409 | −5.303% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.173% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0030 | +0.100% | $669K | $91K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0016% | 1h | 3.0022 | +0.073% | $35K | — | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0018 | +0.060% | $627K | $502K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0049 | +0.163% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0057% | 8h | 3.0049 | +0.164% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0086% | 1h | 3.0016 | +0.053% | $6.0M | $5.7M | 10x | as long as short |
| Extended XNG-USD | +0.0096% | 1h | 3.0007 | +0.024% | $110K | $375K | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Hotstuff NATGAS-PERP
Lighter NATGAS
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Extended XNG-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0007 | +0.023% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | 0.000% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythoslong | +0.0100% | 8h | 3.0000 | long leg | $3K | $544 | 10x | |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.100% | $1.5M | $93K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0346% | 4h | 3.0020 | +0.067% | $1.0M | $995K | 20x | as long as short |
| Aster NATGASUSDT | +0.0394% | 4h | 3.0044 | +0.146% | $264K | $74K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0482% / S −0.0426% | 1h | 3.0025 | +0.083% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDT | +0.0491% | 4h | 3.0054 | +0.180% | $106K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0492% | 4h | 3.0020 | +0.065% | $13K | $222K | 25x | as long as short |
| Gate NG_USDT | +0.0539% | 8h | 3.0060 | +0.200% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDT | +0.0555% | 8h | 3.0030 | +0.100% | $81K | $194K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0576% | 8h | 3.0030 | +0.100% | $867K | $1.7M | 50x | as long as short |
| Variational Omni NATGASshort | +0.0592% | 4h | 3.0030 | +0.099% | $317K | $439K | — | |
| edgeX NATGASUSDC | +0.0615% | 4h | 3.0029 | +0.098% | $85K | $214K | 20x | as long as short |
| Binance NATGASUSDT | +0.0623% | 4h | 3.0030 | +0.100% | $10.2M | $28.3M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0855% | 1h | 3.0043 | +0.145% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0994% | 4h | 3.0000 | 0.000% | $9.9M | $3.2M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT