Funding arb · Price arb / RWA

NATGAS

RWAAll NATGAS markets →

LONGVariational Omni▾Variational Omni +1.0000%

⇄⇅

SHORTGMX▾GMX −0.7107%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniNATGAS	3.2649	+1.0000	pay 0.5000% / 4h	7m 40s	$2.6M	$2.4M	20x	Long Variational Omni+15% pts
SHORT	GMXNATGAS/USD [ETH-USDC]	3.2695	L +0.3184S −0.7107	get 0.0888% / 1h	7m 40s	$1.5M	$2.0M	40x	Short GMX5% off

Price gap+0.141%

Funding gap−0.2893% /8h

Funding costs $87 a day on $10k at the current rate. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.301% in total, about −0.0143%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now+0.141%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

Variational OmniGMX

NATGAS on 29 exchanges

lowest funding first

Before you open

2 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for GMX: its slippage is not counted.
• i
  Note: Margin at max leverage$500 + $250

  Variational Omni 20x, GMX 40x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ4h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long Variational Omni · 4h−$300.00

  Short GMX · 1h+$213.22

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$86.78Long Variational Omni: 6 payments, −$300.00; short GMX: 24 payments, +$213.22.
• i
  Note: Gap at its usual level+0.141% vs +0.124%

  The price leg adds little either way.
• i
  Note: Short leg is thinner$1.5M vs $2.6M OI

  Both legs are deep; GMX is the smaller one.
• ✓
  OK: Points on a legVariational Omni points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legVariational Omni No · GMX No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0143%/8h × 21 periods−$30.06

Price spread+0.141% → +0.124% (7d avg)+$1.70

Slippage, 4 ordersno data for GMX—

Fee Variational Omni bp × 2 orders$0.00

Fee GMX bp × 2 orders−$12.00

Net, fees only · 7 days · $10k−$40.36

Costs to cover0.120%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, 2 min ago; GMX: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGVariational Omni4.278.3 bp−$812.4 bp−$124doesn’t fitdoesn’t fit

SELL · SHORTGMX—————

Closing costs about the same again.
GMX: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

NATGAS news

posts that mention NATGAS or Natural gas, from every exchange

Search all news →

11-06 10:42	gTrade (Gains Network)	Listing	new market NATGAS/USD ($NATGAS) seen by our collector
10-26 12:25	Kalshi	Other	JUST IN: Natural gas futures fall to lowest since April @Kalshi on X ↗
10-24 13:38	ApeX Omni	Other	“We must save our wealth, our natural resources.” says @prabowo. Days later Indonesia cut the gas to @singapore. So why did US $NATGAS FALL 6%? Why Indonesia cut gas to Singapore, and what it really did to the markets👇 @OfficialApeXdex on X ↗
10-22 12:00	KuCoin	Other	KuCoin TradFi now offers 170+ perpetual contract pairs across eight categories, giving eligible users 24/7 access to contracts referencing US, Hong Kong, and South Korean equities, metals, and other commodities. The lineup covers names like Tesla, NVIDIA, Micron, and SanDisk, plus crude oil, natural gas, copper, and silver, all settled in USDT. For VIP1+ users, the Unified Trading Account supports TradFi futures in one shared framework, and KCUSD can be used as margin while it keeps earning rewards. Explore the full lineup on the KuCoin Blog 👇 @kucoincom on X ↗
10-10 15:02	Ondo Perps	Other	The most in-demand markets trade 24/7 as perpetuals, weekends included: ▸ Intel ▸ XRP ▸ Gold ▸ AMD ▸ Meta ▸ Tesla ▸ Ondo ▸ Silver ▸ Circle ▸ Apple ▸ Zcash ▸ Netflix ▸ CXMT ▸ TSMC ▸ PURR ▸ DRAM ▸ Oracle ▸ Micron ▸ Bitcoin ▸ US100 ▸ US500 ▸ Nebius ▸ Solana ▸ Ethena ▸ Marvell ▸ Unitree ▸ Copper ▸ NVIDIA ▸ BitMine ▸ Alibaba ▸ Palantir ▸ Corning ▸ SpaceX ▸ Sandisk ▸ Amazon ▸ Zhipu AI ▸ MiniMax ▸ Strategy ▸ SK hynix ▸ Moderna ▸ Alphabet ▸ Microsoft ▸ Semis 3x ▸ Cerebras ▸ USD/JPY ▸ Samsung ▸ Coinbase ▸ Take-Two ▸ Ethereum ▸ Broadcom ▸ Lumentum ▸ BlackBerry ▸ Robinhood ▸ Hyperliquid ▸ CoreWeave ▸ Natural Gas ▸ Arm Holdings ▸ S&P 500 ETF ▸ WTI Crude Oil ▸ Brent Crude Oil ▸ South Korea 3x ▸ Nasdaq 100 ETF ▸ South Korea ETF ▸ Uranium Miners ETF Alongside always-on spot markets: ▸ Tesla ▸ Circle ▸ DRAM ▸ Micron ▸ NVIDIA ▸ SpaceX ▸ Sandisk ▸ Alphabet ▸ Gold ETF ▸ OPAIPon ▸ Silver ETF ▸ S&P 500 ETF ▸ Nasdaq 100 ETF All on a single platform. @OndoPerps on X ↗
09-17 19:02	tradeXYZ	Other	CVX references 1 share of Chevron Corporation common stock (NYSE: CVX), quoted in USD. Chevron produces crude oil and natural gas and manufactures transportation fuels, lubricants, and petrochemicals. @tradexyz on X ↗