Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h −0.020%
Price spread now: Variational Omni against edgeX−0.028%74s7-day average 0.000% · 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)−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.028%, 7d avg 0.000%
=Together, before fees−0.006%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.028% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of 0.000%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX NATGASUSDC | 3.0018 | 0.0514 | pay 0.0257% / 4h | 1h 46m | $85K | $213K | 20x |
| Short | Variational Omni NATGAS | 3.0009 | 0.0459 | get 0.0230% / 4h | 1h 46m | $311K | $444K | — |
edgeX NATGASUSDC
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against edgeX. 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
- −$11.43
- Price spread: −0.028% → 0.000%
- −$2.82
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$23.26
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 16 min ago; Variational Omni: RFQ quote, 18 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 edgeX live order book, 16 min ago | 13.34 bp | 33.4 bp −$33 | 42.3 bp −$423 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 18 min ago | 4.50 bp | doesn't fit | 11.4 bp −$114 | 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 | 3.0042 | +0.081% | $2K | $2.4M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 3.0009 | −0.029% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | −0.025% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0023 | +0.018% | $619K | $445K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.065% | $110K | $442K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.025% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0008 | −0.032% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0062% | 8h | 3.0024 | +0.021% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0078% | 1h | 3.0010 | −0.025% | $5.9M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0011 | −0.022% | $68K | $33K | 10x | as long as short |
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.059% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.059% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.041% | $1.5M | $95K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0210% | 4h | 3.0040 | +0.075% | $100K | $213K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0278% | 4h | 3.0010 | −0.025% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0297% | 4h | 3.0011 | −0.022% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0364% | 4h | 3.0010 | −0.025% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0391% | 8h | 3.0020 | +0.008% | $862K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0404% | 8h | 3.0040 | +0.075% | $1.5M | $208K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0428% / S −0.0365% | 1h | 3.0025 | +0.025% | $92K | — | 45x | as long as short |
| Variational Omni NATGASshort | +0.0459% | 4h | 3.0009 | −0.028% | $311K | $444K | — | |
| edgeX NATGASUSDClong | +0.0514% | 4h | 3.0018 | long leg | $85K | $213K | 20x | |
| Binance NATGASUSDT | +0.0517% | 4h | 3.0024 | +0.023% | $10.2M | $28.9M | 100x | as long as short |
| BloFin NATGAS-USDT | +0.0517% | 4h | 3.0010 | −0.025% | — | $21K | 100x | as long as short |
| Bitget NATGASUSDT | +0.0844% | 4h | 3.0000 | −0.059% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0034 | +0.055% | $54K | $36K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Binance NATGASUSDT
BloFin NATGAS-USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD