NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0208%/8h= −22.8% APRnext payment −$1.04 per $10,000 · paid last 24h −0.026%

Price spread now: Aster against Variational Omni+0.034%7-day average +0.010% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.034%, 7d avg +0.010%

Together, before fees−0.063%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.024% dearer against Variational Omni than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of +0.010%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 4 days (−0.042% in total) that is about 2.1 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.042% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.04 per $10,000. 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	3.0050	0.0643	pay 0.0322% / 4h	2h 47m	$317K	$449K	—
Short	Aster NATGASUSDT	3.0060	0.0435	get 0.0218% / 4h	2h 47m	$264K	$74K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee AsterbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$43.73
Price spread: +0.034% → +0.010%: $2.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$49.29
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aster: live order book, 64 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, 1 min ago	4.49 bp	doesn't fit	9.6 bp −$96	doesn't fit	doesn't fit
Sell Aster live order book, 64 min ago	6.65 bp	16.9 bp −$17	18.8 bp −$188	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
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8444	−5.344%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0018	−0.106%	$2K	$2.4M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0058	+0.027%	$629K	$503K	10x	as long as short
QFEX NATGAS-USD	+0.0033%	1h	3.0050	+0.001%	$660K	$96K	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0050	+0.001%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0072	+0.074%	$83K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0082%	8h	3.0072	+0.074%	$5K	—	5x	as long as short
Extended XNG-USD	+0.0096%	1h	3.0047	−0.008%	$110K	$364K	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0032	−0.059%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.167%	$37K	$219K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.166%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0050	+0.001%	$1.5M	$93K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0141%	1h	3.0055	+0.018%	$6.0M	$5.6M	10x	as long as short
Hotstuff NATGAS-PERP	+0.0208%	1h	3.0069	+0.064%	$35K	—	20x	as long as short
KuCoin NATGASUSDTM	+0.0378%	4h	3.0050	+0.001%	$1.0M	$975K	20x	as long as short
HTX NATGAS-USDT	+0.0400%	4h	3.0070	+0.067%	$107K	$212K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0426%	4h	3.0042	−0.027%	$13K	$224K	25x	as long as short
Aster NATGASUSDTshort	+0.0435%	4h	3.0060	+0.034%	$264K	$74K	50x
GMX NATGAS/USD [ETH-USDC]	L +0.0502% / S −0.0447%	1h	3.0055	+0.018%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0576%	8h	3.0100	+0.167%	$1.5M	$193K	100x	as long as short
OKX NG-USDT-SWAP	+0.0639%	8h	3.0060	+0.034%	$869K	$1.7M	50x	as long as short
Variational Omni NATGASlong	+0.0643%	4h	3.0050	long leg	$317K	$449K	—
BloFin NG-USDT	+0.0665%	8h	3.0040	−0.032%	$82K	$195K	20x	as long as short
Binance NATGASUSDT	+0.0668%	4h	3.0054	+0.014%	$10.3M	$28.2M	100x	as long as short
edgeX NATGASUSDC	+0.0683%	4h	3.0047	−0.010%	$85K	$212K	20x	as long as short
Bitget NATGASUSDT	+0.1036%	4h	3.0020	−0.099%	$9.9M	$3.2M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1181%	1h	3.0072	+0.073%	$56K	$35K	20x	as long as short