Funding you earn now, next payment 02:00 UTC−0.0234%/8h= −25.6% APRpaid last 24h −0.072%
Price spread now: tradeXYZ against Variational Omni−0.004%7-day average −0.046% · 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)−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.004%, 7d avg −0.046%
=Together, before fees−0.009%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.042% dearer against Variational Omni than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.046%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 3 days (−0.057% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.057% in total (about -6.1% a year). A funding rate is set anew for every payment. 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 36m | $312K | $443K | — |
| Short | tradeXYZ xyz:NATGAS | 3.0029 | 0.0050 | get 0.0006% / 1h | 36m 27s | $5.9M | $5.9M | 10x |
Variational Omni NATGAS
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$49.07
- Price spread: −0.004% → −0.046%
- $4.19
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$62.89
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 33 min ago; tradeXYZ: live order book, 11 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, 33 min ago | 4.49 bp | doesn't fit | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.33 bp | 10.7 bp −$11 | 13.6 bp −$136 | doesn't fit | 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 | −0.0024% | 1h | 3.0027 | −0.011% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8400 | −5.429% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.105% | $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 |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.001% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0050% | 1h | 3.0029 | −0.004% | $5.9M | $5.9M | 10x | |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0061 | +0.102% | $82K | $27K | 10x | as long as short |
| Extended XNG-USD | +0.0056% | 1h | 3.0017 | −0.044% | $110K | $450K | 5x | as long as short |
| Paradex NG-USD-PERP | +0.0067% | 8h | 3.0065 | +0.116% | $5K | — | 5x | as long as short |
| Lighter NATGAS | +0.0088% | 1h | 3.0039 | +0.029% | $618K | $444K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Extended XNG-USD
Paradex NG-USD-PERP
Lighter NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0028 | −0.008% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0030 | −0.001% | $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 NGUSDT | +0.0100% | 4h | 3.0040 | +0.032% | $1.5M | $94K | 10x | as long as short |
| Aster NATGASUSDT | +0.0176% | 4h | 3.0025 | −0.017% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0256% | 4h | 3.0059 | +0.095% | $98K | $213K | 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 | +0.0328% | 8h | 3.0020 | −0.034% | $868K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0364% | 4h | 3.0040 | +0.032% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0378% | 4h | 3.0040 | +0.032% | $10.1M | $29.1M | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0406% | 4h | 3.0040 | +0.031% | $12K | $214K | 25x | as long as short |
| Gate NG_USDT | +0.0419% | 8h | 3.0060 | +0.099% | $1.5M | $218K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0420% / S −0.0356% | 1h | 3.0045 | +0.049% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0602% | 4h | 3.0010 | −0.068% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0824% | 1h | 3.0065 | +0.115% | $54K | $37K | 20x | as long as short |
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
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