Funding you earn now, next payment 04:00 UTC+0.0486%/8h= +53.2% APRnext payment +$2.43 per $10,000 · paid last 24h +0.068%
Price spread now: Variational Omni against Phemex−0.036%7-day average +0.009% · 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)+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.036%, 7d avg +0.009%
=Together, before fees+0.027%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.045% cheaper against Phemex than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.009%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$15 a day). At the pace of the last 3 days (+0.026% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.026% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.43 per $10,000. 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 | Phemex NGUSDT | 3.0010 | 0.0100 | pay 0.0050% / 4h | 1h 04m | $1.5M | $95K | 10x |
| Short | Variational Omni NATGAS | 2.9999 | 0.0586 | get 0.0293% / 4h | 1h 04m | $311K | $444K | — |
Phemex NGUSDT
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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
- $102.02
- Price spread: −0.036% → +0.009%
- −$4.49
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $85.53
- Costs to cover
- 0.120%
- Break-even
- 1.1 days
Slippage unknown: Phemex: live order book, 3 min ago; Variational Omni: RFQ quote, 59 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 Phemex live order book, 3 min ago | 3.33 bp | 39.7 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 59 min ago | 4.50 bp | doesn't fit | 11.4 bp −$114 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8429 | −5.268% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0022 | +0.040% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0000 | −0.033% | $658K | $85K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0002 | −0.027% | $35K | — | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0003 | −0.023% | $618K | $494K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9990 | −0.067% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9990 | −0.067% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0061% | 8h | 3.0011 | +0.004% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0091% | 1h | 3.0002 | −0.027% | $6.0M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9969 | −0.136% | $68K | $33K | 10x | 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
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 | −0.033% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTlong | +0.0100% | 4h | 3.0010 | long leg | $1.5M | $95K | 10x | |
| Extended XNG-USD | +0.0136% | 1h | 2.9986 | −0.082% | $110K | $445K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0242% | 4h | 3.0018 | +0.027% | $105K | $216K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0384% | 4h | 3.0000 | −0.033% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0386% | 4h | 2.9980 | −0.100% | $1.1M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0407% | 4h | 2.9991 | −0.064% | $265K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0441% / S −0.0380% | 1h | 3.0005 | −0.017% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0459% | 8h | 3.0030 | +0.067% | $1.5M | $211K | 100x | as long as short |
| BloFin NG-USDT | +0.0465% | 8h | 3.0000 | −0.033% | $81K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0473% | 8h | 2.9990 | −0.067% | $852K | $1.7M | 50x | as long as short |
| Variational Omni NATGASshort | +0.0586% | 4h | 2.9999 | −0.036% | $311K | $444K | — | |
| edgeX NATGASUSDC | +0.0612% | 4h | 2.9998 | −0.039% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0618% | 4h | 3.0000 | −0.033% | $10.2M | $28.9M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0990% | 4h | 2.9970 | −0.133% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1110% | 1h | 3.0015 | +0.018% | $53K | $34K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Extended XNG-USD
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD