Funding you earn now, next payment 08:00 UTC−0.0522%/8h= −57.2% APRpaid last 24h −0.127%
Price spread now: Variational Omni against Kraken Futures−0.027%7-day average — · 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)—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 −$16 a day on $10k at the current rate, and Variational Omni is 0.027% cheaper against Kraken Futures 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 | Kraken Futures PF_NATGASUSD | 3.0039 | 0.0862 | pay 0.0108% / 1h | 4m 00s | $56K | $35K | 20x |
| Short | Variational Omni NATGAS | 3.0031 | 0.0339 | get 0.0170% / 4h | 4m 00s | $318K | $390K | — |
Kraken Futures PF_NATGASUSD
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Kraken Futures. 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
- −$109.72
- Price spread: −0.027% → 0.000%
- −$2.71
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$122.43
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 35 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 35 min ago | 4.49 bp | doesn't fit | 6.1 bp −$61 | doesn't fit | doesn't fit |
Kraken Futures: 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 | 2.8384 | −5.510% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.010% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0027 | −0.040% | $118K | $221K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0020 | −0.064% | $659K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0030 | −0.030% | $631K | $495K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0016 | −0.077% | $109K | $271K | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0042% | 4h | 3.0020 | −0.063% | $18K | $229K | 25x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.030% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0019 | −0.067% | $6.0M | $5.3M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0015 | −0.080% | $82K | $26K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
GRVT NATGAS_USDT_Perp
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0029 | −0.032% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0031 | −0.027% | $35K | — | 20x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0002 | −0.123% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.203% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.130% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.064% | $1.5M | $90K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0140% | 4h | 3.0010 | −0.097% | $1.0M | $864K | 20x | as long as short |
| Aster NATGASUSDT | +0.0145% | 4h | 3.0040 | +0.003% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGASshort | +0.0339% | 4h | 3.0031 | −0.027% | $318K | $390K | — | |
| Binance NATGASUSDT | +0.0359% | 4h | 3.0020 | −0.064% | $10.4M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0387% | 4h | 3.0037 | −0.008% | $85K | $212K | 20x | as long as short |
| BloFin NG-USDT | +0.0530% | 8h | 3.0010 | −0.097% | $76K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0546% | 8h | 3.0010 | −0.097% | $802K | $1.9M | 50x | as long as short |
| Gate NG_USDT | +0.0568% | 8h | 3.0050 | +0.036% | $1.5M | $197K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0586% / S −0.0600% | 1h | 3.0025 | −0.047% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0826% | 4h | 3.0000 | −0.130% | $9.9M | $3.0M | 100x | as long as short |
| Kraken Futures PF_NATGASUSDlong | +0.0862% | 1h | 3.0039 | long leg | $56K | $35K | 20x |
Paradex NG-USD-PERP
Hotstuff NATGAS-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT