Funding you earn now, next payment 04:00 UTC−0.0005%/8h= −0.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.068%
Price spread now: Variational Omni against Phemex−0.032%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)+0.036%+$4 · spread now −0.032%, 7d avg +0.010%
=Together, before fees+0.062%+ Points / potential airdropVariational Omni: Active · farm board+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.042% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 2.9990 | 0.0100 | pay 0.0050% / 4h | 3h 45m | $1.5M | $95K | 10x |
| Short | Variational Omni NATGAS | 2.9980 | 0.0095 | get 0.0048% / 4h | 3h 45m | $311K | $443K | — |
Phemex NGUSDT
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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
- −$1.03
- Price spread: −0.032% → +0.010%
- −$4.2
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$17.23
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Variational Omni: RFQ quote, 28 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 Phemex live order book, 2 min ago | 1.67 bp | 30.7 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 28 min ago | 4.49 bp | doesn't fit | 10.0 bp −$100 | 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 | 3.0001 | +0.037% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0015% | 1h | 2.9980 | −0.033% | $658K | $85K | 20x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 2.9968 | −0.073% | $110K | $450K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9970 | −0.067% | — | $378 | 10x | as long as short |
| Aster NATGASUSDT | +0.0046% | 4h | 2.9960 | −0.100% | $265K | $73K | 50x | as long as short |
| Lighter NATGAS | +0.0048% | 1h | 2.9997 | +0.023% | $617K | $412K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9973 | −0.057% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0001 | +0.037% | $84K | $36K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0056% | 1h | 2.9974 | −0.053% | $35K | — | 20x | as long as short |
| Paradex NG-USD-PERP | +0.0058% | 8h | 2.9993 | +0.010% | $5K | — | 5x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
Aster NATGASUSDT
Lighter NATGAS
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Hotstuff NATGAS-PERP
Paradex NG-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NATGASshort | +0.0095% | 4h | 2.9980 | −0.032% | $311K | $443K | — | |
| Pacifica NATGAS | +0.0100% | 1h | 2.9980 | −0.034% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 2.9970 | −0.067% | $1.0M | $1.2M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.300% | $36K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDTlong | +0.0100% | 4h | 2.9990 | long leg | $1.5M | $95K | 10x | |
| BloFin NG-USDT | +0.0149% | 8h | 2.9980 | −0.033% | $80K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0165% | 8h | 2.9970 | −0.067% | $857K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0194% | 4h | 2.9980 | −0.032% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0195% | 4h | 2.9986 | −0.013% | $10.1M | $29.5M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0238% | 4h | 2.9960 | −0.100% | $10.0M | $3.5M | 100x | as long as short |
| HTX NATGAS-USDT | +0.0260% | 4h | 2.9997 | +0.023% | $98K | $210K | 75x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0406% / S −0.0333% | 1h | 2.9985 | −0.017% | $93K | — | 45x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0418% | 4h | 2.9970 | −0.067% | $25K | $214K | 25x | as long as short |
| Gate NG_USDT | +0.0487% | 8h | 3.0000 | +0.033% | $1.5M | $254K | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1002% | 1h | 2.9990 | 0.000% | $52K | $39K | 20x | as long as short |
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
BloFin NG-USDT
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
HTX NATGAS-USDT
GMX NATGAS/USD [ETH-USDC]
GRVT NATGAS_USDT_Perp
Gate NG_USDT
Kraken Futures PF_NATGASUSD