Funding you earn now, next payment 09:00 UTC−0.0346%/8h= −37.9% APRpaid last 24h −0.097%
Price spread now: QFEX against Variational Omni−0.067%7-day average −0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now −0.067%, 7d avg −0.021%
=Together, before fees−0.028%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and QFEX is 0.046% cheaper against Variational Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NATGAS | 3.0030 | 0.0346 | pay 0.0173% / 4h | 3h 26m | $318K | $391K | — |
| Short | QFEX NATGAS-USD | 3.0010 | 0 | get 0.0000% / 1h | 26m 15s | $658K | $96K | 20x |
Variational Omni NATGAS
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$72.73
- Price spread: −0.067% → −0.021%
- −$4.61
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$87.34
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 8 min ago; QFEX: live order book, 49 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, 8 min ago | 4.49 bp | doesn't fit | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 49 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 11.4 bp −$1,144 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0048% | 1h | 2.9995 | −0.117% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USDshort | 0.0000% | 1h | 3.0010 | −0.067% | $658K | $96K | 20x | |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8355 | −5.578% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.040% | $2K | $2.3M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0005 | −0.083% | $630K | $483K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9991 | −0.129% | $109K | $253K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0000 | −0.100% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0001 | −0.097% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9978 | −0.173% | $84K | $28K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0057% | 8h | 3.0041 | +0.036% | $5K | — | 5x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9983 | −0.157% | $69K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.100% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.100% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.033% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0152% | 4h | 3.0010 | −0.067% | $1.0M | $840K | 20x | as long as short |
| HTX NATGAS-USDT | +0.0186% | 4h | 3.0034 | +0.013% | $118K | $221K | 75x | as long as short |
| Aster NATGASUSDT | +0.0193% | 4h | 3.0030 | 0.000% | $264K | $69K | 50x | as long as short |
| Gate NG_USDT | +0.0209% | 8h | 3.0040 | +0.033% | $1.5M | $193K | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0248% | 4h | 3.0010 | −0.067% | $20K | $221K | 25x | as long as short |
| Variational Omni NATGASlong | +0.0346% | 4h | 3.0030 | long leg | $318K | $391K | — | |
| edgeX NATGASUSDC | +0.0372% | 4h | 3.0028 | −0.006% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0386% | 4h | 3.0020 | −0.033% | $10.4M | $29.0M | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0501% | 8h | 3.0000 | −0.100% | $802K | $1.9M | 50x | as long as short |
| BloFin NG-USDT | +0.0525% | 8h | 3.0000 | −0.100% | $76K | $197K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0587% / S −0.0602% | 1h | 3.0015 | −0.050% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0685% | 1h | 3.0008 | −0.074% | $53K | $37K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0860% | 4h | 2.9990 | −0.133% | $9.9M | $3.0M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
HTX NATGAS-USDT
Aster NATGASUSDT
Gate NG_USDT
GRVT NATGAS_USDT_Perp
edgeX NATGASUSDC
Binance NATGASUSDT
OKX NG-USDT-SWAP
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT