Funding arb · Price arb /

NATGAS

RWAall NATGAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0515%/8h= +56.4% APRpaid last 24h +0.098%

Price spread now: Variational Omni against Vest−0.067%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

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 airdropVest: Active · Variational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.067% cheaper against Vest than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NG-PERP	3.0080	0.0046	pay 0.0006% / 1h	8m 15s	—	$14K	10x
Short	Variational Omni NATGAS	3.0060	0.0561	get 0.0280% / 4h	2h 08m	$317K	$432K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 VestbpFee Variational OmnibpOrdersPrice spread, now −0.067%Rate

Funding earned: $108.21
Price spread: −0.067% → 0.000%: −$6.74
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $99.47
Costs to cover: 0.020%
Break-even: 0.6 days

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 41 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 Vest no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 41 min ago	4.49 bp	doesn't fit	8.2 bp −$82	doesn't fit	doesn't fit

Vest: 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	2.8465	−5.369%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0102	+0.073%	$2K	$2.4M	20x	as long as short
Lighter NATGAS	+0.0032%	1h	3.0076	−0.013%	$629K	$504K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	3.0068	−0.039%	$110K	$333K	5x	as long as short
Hotstuff NATGAS-PERP	+0.0032%	1h	3.0082	+0.007%	$35K	—	20x	as long as short
QFEX NATGAS-USD	+0.0033%	1h	3.0070	−0.033%	$660K	$96K	20x	as long as short
Vest NG-PERPlong	+0.0046%	1h	3.0080	long leg	—	$14K	10x
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0049	−0.103%	$83K	$26K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0058%	1h	3.0076	−0.013%	$6.0M	$5.5M	10x	as long as short
Paradex NG-USD-PERP	+0.0063%	8h	3.0093	+0.043%	$5K	—	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	3.0076	−0.013%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.266%	$37K	$218K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.266%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0070	−0.033%	$1.5M	$93K	10x	as long as short
HTX NATGAS-USDT	+0.0130%	4h	3.0080	0.000%	$107K	$211K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0170%	4h	3.0052	−0.093%	$13K	$212K	25x	as long as short
KuCoin NATGASUSDTM	+0.0316%	4h	3.0060	−0.066%	$1.0M	$945K	20x	as long as short
Aster NATGASUSDT	+0.0338%	4h	3.0095	+0.051%	$265K	$75K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0528% / S −0.0529%	1h	3.0075	−0.017%	$88K	—	45x	as long as short
Variational Omni NATGASshort	+0.0561%	4h	3.0060	−0.067%	$317K	$432K	—
Binance NATGASUSDT	+0.0580%	4h	3.0070	−0.033%	$10.3M	$28.5M	100x	as long as short
edgeX NATGASUSDC	+0.0592%	4h	3.0060	−0.067%	$85K	$212K	20x	as long as short
Gate NG_USDT	+0.0613%	8h	3.0100	+0.066%	$1.5M	$196K	100x	as long as short
OKX NG-USDT-SWAP	+0.0652%	8h	3.0050	−0.100%	$867K	$1.7M	50x	as long as short
BloFin NG-USDT	+0.0652%	8h	3.0070	−0.033%	$81K	$195K	20x	as long as short
Bitget NATGASUSDT	+0.0986%	4h	3.0040	−0.133%	$9.9M	$3.2M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1180%	1h	3.0096	+0.052%	$56K	$35K	20x	as long as short