Funding you earn now, next payment 03:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.072%
Price spread now: Variational Omni against tradeXYZ+0.004%7-day average +0.046% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.004%, 7d avg +0.046%
=Together, before fees+0.010%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.043% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.046%). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$12 a day). At the pace of the last 3 days (+0.057% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.057% in total (about 6.0% 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 | tradeXYZ xyz:NATGAS | 3.0008 | 0.0072 | pay 0.0009% / 1h | 47m 52s | $5.9M | $5.9M | 10x |
| Short | Variational Omni NATGAS | 3.0009 | 0.0459 | get 0.0230% / 4h | 1h 47m | $311K | $444K | — |
tradeXYZ xyz:NATGAS
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against tradeXYZ. 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
- $81.42
- Price spread: +0.004% → +0.046%
- −$4.25
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $59.17
- Costs to cover
- 0.180%
- Break-even
- 1.9 days
Slippage unknown: tradeXYZ: live order book, 11 min ago; Variational Omni: RFQ quote, 16 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 tradeXYZ live order book, 11 min ago | 0.17 bp | 11.6 bp −$12 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 16 min ago | 4.50 bp | doesn't fit | 11.4 bp −$114 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8384 | −5.412% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0041 | +0.110% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | +0.007% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0023 | +0.050% | $619K | $445K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.034% | $110K | $442K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0013 | +0.017% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.007% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0031 | +0.077% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0020 | +0.041% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0072% | 1h | 3.0008 | long leg | $5.9M | $5.9M | 10x |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9998 | −0.033% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.027% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.027% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.040% | $1.5M | $95K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0217% | 4h | 3.0038 | +0.100% | $100K | $214K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0270% | 4h | 3.0010 | +0.007% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0289% | 4h | 3.0010 | +0.006% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0364% | 4h | 3.0010 | +0.007% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0388% | 8h | 3.0020 | +0.040% | $862K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0403% | 8h | 3.0050 | +0.140% | $1.5M | $208K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0427% / S −0.0365% | 1h | 3.0025 | +0.057% | $92K | — | 45x | as long as short |
| Variational Omni NATGASshort | +0.0459% | 4h | 3.0009 | +0.004% | $311K | $444K | — | |
| Binance NATGASUSDT | +0.0507% | 4h | 3.0020 | +0.040% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0010 | +0.007% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0832% | 4h | 3.0000 | −0.027% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0032 | +0.079% | $53K | $36K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD