Funding you earn now, next payment 22:00 UTC−0.0520%/8h= −56.9% APRpaid last 24h +0.058%
Price spread now: GMX against Variational Omni+0.004%7-day average — · 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)—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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NATGAS | 2.9944 | 0.0853 | pay 0.0426% / 4h | 2h 01m | $310K | $491K | — |
| Short | GMX NATGAS/USD [ETH-USDC] | 2.9945 | L +0.0416% / S −0.0333% | get 0.0042% / 1h | 1m 18s | $93K | — | 25x |
Variational Omni NATGAS
GMX NATGAS/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- −$109.17
- Price spread: +0.004% → 0.000%
- $0.45
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$120.72
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 23 min ago; GMX: no order-book sample. 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 Variational Omni RFQ quote, 23 min ago | 4.49 bp | doesn't fit | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9962 | +0.061% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0024% | 1h | 2.9930 | −0.046% | $656K | $120K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 2.9950 | +0.021% | $618K | $412K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.8310 | −5.456% | — | $378 | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9945 | +0.005% | $68K | $34K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.146% | $36K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 2.9900 | −0.146% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9940 | −0.012% | $1.5M | $104K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0223% | 8h | 2.9969 | +0.084% | $5K | — | 5x | as long as short |
| Gate NG_USDT | +0.0233% | 8h | 2.9960 | +0.055% | $1.5M | $385K | 100x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Vest NG-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Paradex NG-USD-PERP
Gate NG_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XNG-USD | +0.0336% | 1h | 2.9923 | −0.068% | $113K | $1.2M | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0384% | 1h | 2.9955 | +0.038% | $35K | — | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC]short | L +0.0416% / S −0.0333% | 1h | 2.9945 | +0.004% | $93K | — | 25x | |
| BloFin NG-USDT | +0.0442% | 8h | 2.9910 | −0.112% | $84K | $190K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0451% | 8h | 2.9920 | −0.079% | $895K | $1.8M | 50x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0463% | 1h | 2.9952 | +0.028% | $5.9M | $6.8M | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0494% | 4h | 2.9910 | −0.112% | $1.0M | $1.3M | 20x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0510% | 1h | 2.9929 | −0.049% | $84K | $66K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0768% | 4h | 2.9966 | +0.075% | $98K | $219K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0852% | 4h | 2.9940 | −0.012% | $13K | $255K | 25x | as long as short |
| Variational Omni NATGASlong | +0.0853% | 4h | 2.9944 | long leg | $310K | $491K | — | |
| Aster NATGASUSDT | +0.0859% | 4h | 2.9940 | −0.012% | $265K | $105K | 50x | as long as short |
| Binance NATGASUSDT | +0.0924% | 4h | 2.9945 | +0.006% | $10.1M | $33.1M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0930% | 4h | 2.9944 | 0.000% | $85K | $213K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1128% | 1h | 2.9966 | +0.076% | $52K | $55K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1186% | 4h | 2.9910 | −0.112% | $9.9M | $4.4M | 100x | as long as short |
Extended XNG-USD
Hotstuff NATGAS-PERP
BloFin NG-USDT
OKX NG-USDT-SWAP
tradeXYZ xyz:NATGAS
KuCoin NATGASUSDTM
Ondo Perps NATGAS-USD.P
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT