Funding you earn now, next payment 12:00 UTC−0.0020%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.016%
Price spread now: Variational Omni against Binance−0.166%7-day average −0.022% · 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)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.166%, 7d avg −0.022%
=Together, before fees−0.029%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.145% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 3.0040 | 0.0364 | pay 0.0182% / 4h | 3h 37m | $10.4M | $28.8M | 100x |
| Short | Variational Omni NATGAS | 2.9990 | 0.0344 | get 0.0172% / 4h | 3h 37m | $318K | $390K | — |
Binance NATGASUSDT
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. 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
- −$4.1
- Price spread: −0.166% → −0.022%
- −$14.47
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$28.57
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 4 min ago; Variational Omni: RFQ quote, 62 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 Binance live order book, 4 min ago | 1.67 bp | 6.7 bp −$7 | 11.1 bp −$111 | 32.7 bp −$3,270 | 127.9 bp −$63.9K |
| Sell Variational Omni RFQ quote, 62 min ago | 4.49 bp | doesn't fit | 6.1 bp −$61 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NATGAS-USD | 0.0000% | 1h | 3.0040 | 0.000% | $659K | $96K | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8406 | −5.439% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.073% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0045 | +0.017% | $631K | $483K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0027 | −0.045% | $109K | $253K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.033% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0027 | −0.043% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0028 | −0.040% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0050% | 8h | 3.0047 | +0.022% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0024 | −0.053% | $69K | $30K | 10x | as long as short |
QFEX NATGAS-USD
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.133% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.133% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0040 | 0.000% | $1.5M | $90K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0128% | 1h | 3.0035 | −0.017% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0144% | 4h | 3.0030 | −0.033% | $1.0M | $845K | 20x | as long as short |
| Aster NATGASUSDT | +0.0172% | 4h | 3.0030 | −0.033% | $264K | $69K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0180% | 4h | 3.0059 | +0.063% | $119K | $221K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0264% | 4h | 3.0030 | −0.033% | $20K | $221K | 25x | as long as short |
| Gate NG_USDT | +0.0294% | 8h | 3.0060 | +0.067% | $1.5M | $193K | 100x | as long as short |
| Variational Omni NATGASshort | +0.0344% | 4h | 2.9990 | −0.166% | $318K | $390K | — | |
| Binance NATGASUSDTlong | +0.0364% | 4h | 3.0040 | long leg | $10.4M | $28.8M | 100x | |
| edgeX NATGASUSDC | +0.0370% | 4h | 3.0027 | −0.042% | $85K | $212K | 20x | as long as short |
| BloFin NG-USDT | +0.0492% | 8h | 3.0030 | −0.033% | $76K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0507% | 8h | 3.0030 | −0.033% | $801K | $1.9M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0598% / S −0.0615% | 1h | 3.0045 | +0.017% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0684% | 1h | 3.0036 | −0.013% | $53K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0846% | 4h | 3.0020 | −0.067% | $9.9M | $3.0M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Gate NG_USDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT