Funding you earn now, next payment 04:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.068%
Price spread now: Orderly against Variational Omni−0.034%7-day average — · 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)—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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.034% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NATGAS | 3.0010 | 0.0125 | pay 0.0063% / 4h | 3h 31m | $311K | $443K | — |
| Short | Orderly PERP_NATGAS_USDC_mythos | 3.0000 | 0.0100 | get 0.0100% / 8h | 7h 31m | $3K | $544 | 10x |
Variational Omni NATGAS
Orderly PERP_NATGAS_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$5.35
- Price spread: −0.034% → 0.000%
- −$3.45
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$14.8
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 42 min ago; Orderly: 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, 42 min ago | 4.49 bp | doesn't fit | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | 2.8381 | −5.429% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.105% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0015% | 1h | 3.0010 | −0.001% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0024 | +0.045% | $617K | $413K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0005 | −0.017% | $112K | $452K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.001% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0011 | +0.002% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0039 | +0.095% | $84K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0027 | +0.054% | $5K | — | 5x | as long as short |
| Aster NATGASUSDT | +0.0072% | 4h | 3.0030 | +0.065% | $266K | $73K | 50x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Aster NATGASUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | +0.0088% | 1h | 3.0013 | +0.009% | $35K | — | 20x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0014 | +0.012% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0010 | −0.001% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.034% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythosshort | +0.0100% | 8h | 3.0000 | −0.034% | $3K | $544 | 10x | |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.032% | $1.5M | $95K | 10x | as long as short |
| Variational Omni NATGASlong | +0.0125% | 4h | 3.0010 | long leg | $311K | $443K | — | |
| BloFin NG-USDT | +0.0184% | 8h | 3.0000 | −0.034% | $80K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0203% | 8h | 3.0020 | +0.032% | $863K | $1.7M | 50x | as long as short |
| Binance NATGASUSDT | +0.0232% | 4h | 3.0025 | +0.050% | $10.1M | $29.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0235% | 4h | 3.0019 | +0.030% | $85K | $212K | 20x | as long as short |
| HTX NATGAS-USDT | +0.0261% | 4h | 3.0034 | +0.079% | $98K | $211K | 75x | as long as short |
| Bitget NATGASUSDT | +0.0300% | 4h | 2.9990 | −0.068% | $10.0M | $3.5M | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0398% | 4h | 3.0010 | 0.000% | $25K | $214K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0408% / S −0.0344% | 1h | 3.0025 | +0.049% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0503% | 8h | 3.0040 | +0.099% | $1.5M | $255K | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1001% | 1h | 3.0028 | +0.060% | $52K | $36K | 20x | as long as short |
Hotstuff NATGAS-PERP
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Phemex NGUSDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Binance NATGASUSDT
edgeX NATGASUSDC
HTX NATGAS-USDT
Bitget NATGASUSDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
Kraken Futures PF_NATGASUSD