Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.074%
Price spread now: GMX against Variational Omni−0.016%7-day average — · 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)—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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NATGAS | 3.0030 | 0.0215 | pay 0.0108% / 4h | 2h 57m | $312K | $443K | — |
| Short | GMX NATGAS/USD [ETH-USDC] | 3.0025 | L +0.0415% / S −0.0352% | get 0.0044% / 1h | 57m 18s | $92K | — | 45x |
Variational Omni NATGAS
GMX NATGAS/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $28.65
- Price spread: −0.016% → 0.000%
- −$1.58
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $15.07
- Costs to cover
- 0.120%
- Break-even
- 3.3 days
Slippage unknown: Variational Omni: RFQ quote, 12 min ago; GMX: no order-book sample. 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, 12 min ago | 4.49 bp | doesn't fit | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | 2.8375 | −5.510% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.041% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0020 | −0.032% | $659K | $86K | 20x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0001 | −0.097% | $110K | $451K | 5x | as long as short |
| Lighter NATGAS | +0.0040% | 1h | 3.0026 | −0.012% | $617K | $430K | 10x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.066% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0006 | −0.079% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0047 | +0.057% | $84K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0027 | −0.009% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0064% | 1h | 3.0017 | −0.042% | $35K | — | 20x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Lighter NATGAS
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Hotstuff NATGAS-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0020 | −0.032% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0010 | −0.066% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.099% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.099% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.032% | $1.5M | $94K | 10x | as long as short |
| Aster NATGASUSDT | +0.0116% | 4h | 3.0030 | +0.001% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0201% | 4h | 3.0035 | +0.018% | $98K | $211K | 75x | as long as short |
| Variational Omni NATGASlong | +0.0215% | 4h | 3.0030 | long leg | $312K | $443K | — | |
| BloFin NG-USDT | +0.0242% | 8h | 2.9990 | −0.132% | $81K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0280% | 8h | 3.0020 | −0.032% | $865K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0300% | 4h | 3.0034 | +0.013% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0302% | 4h | 3.0020 | −0.032% | $10.1M | $29.2M | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0336% | 4h | 3.0020 | −0.032% | $25K | $200K | 25x | as long as short |
| Gate NG_USDT | +0.0394% | 8h | 3.0040 | +0.034% | $1.5M | $217K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC]short | L +0.0415% / S −0.0352% | 1h | 3.0025 | −0.016% | $92K | — | 45x | |
| Bitget NATGASUSDT | +0.0450% | 4h | 3.0000 | −0.099% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0825% | 1h | 3.0034 | +0.013% | $52K | $36K | 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
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD