Funding you earn now, next payment 04:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.92 per $10,000 · paid last 24h −0.068%
Price spread now: Phemex against Variational Omni−0.001%7-day average −0.010% · 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 3 days (all we have)+0.003%$0 · spread now −0.001%, 7d avg −0.010%
=Together, before fees−0.023%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
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 -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 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 | Variational Omni NATGAS | 3.0030 | 0.0284 | pay 0.0142% / 4h | 2h 41m | $312K | $443K | — |
| Short | Phemex NGUSDT | 3.0030 | 0.0100 | get 0.0050% / 4h | 2h 41m | $1.5M | $94K | 10x |
Variational Omni NATGAS
Phemex NGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$38.57
- Price spread: −0.001% → −0.010%
- $0.86
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$49.72
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 28 min ago; Phemex: live order book, 2 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 Variational Omni RFQ quote, 28 min ago | 4.49 bp | doesn't fit | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 1.66 bp | 30.5 bp −$30 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.072% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0030 | −0.001% | $659K | $86K | 20x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0017 | −0.045% | $110K | $450K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.001% | — | $378 | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 3.0024 | −0.021% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0024 | −0.021% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0022 | −0.028% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0058% | 8h | 3.0038 | +0.025% | $5K | — | 5x | as long as short |
| Lighter NATGAS | +0.0096% | 1h | 3.0040 | +0.032% | $618K | $444K | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0029 | −0.004% | $68K | $33K | 10x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Lighter NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0020 | −0.034% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.101% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.101% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTshort | +0.0100% | 4h | 3.0030 | −0.001% | $1.5M | $94K | 10x | |
| Aster NATGASUSDT | +0.0159% | 4h | 3.0030 | −0.001% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0253% | 4h | 3.0049 | +0.062% | $98K | $212K | 75x | as long as short |
| Variational Omni NATGASlong | +0.0284% | 4h | 3.0030 | long leg | $312K | $443K | — | |
| BloFin NG-USDT | +0.0307% | 8h | 2.9980 | −0.168% | $81K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0317% | 8h | 3.0030 | −0.001% | $868K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0349% | 4h | 3.0030 | −0.001% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDT | +0.0353% | 4h | 3.0035 | +0.015% | $10.1M | $29.1M | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0390% | 4h | 3.0022 | −0.026% | $12K | $214K | 25x | as long as short |
| Gate NG_USDT | +0.0400% | 8h | 3.0060 | +0.099% | $1.5M | $218K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0419% / S −0.0355% | 1h | 3.0035 | +0.015% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0566% | 4h | 3.0000 | −0.101% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0825% | 1h | 3.0057 | +0.088% | $54K | $37K | 20x | as long as short |
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Aster NATGASUSDT
HTX NATGAS-USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
GRVT NATGAS_USDT_Perp
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD