Funding you earn now, next payment 04:00 UTC+0.0562%/8h= +61.5% APRpaid last 24h +0.077%
Price spread now: Variational Omni against Extended+0.076%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.076%, 7d avg +0.011%
=Together, before fees−0.021%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Variational Omni is 0.065% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.011%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.048% in total (about 5.1% a year). A funding rate is set anew for every payment. 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 | Extended XNG-USD | 3.0037 | 0.0032 | pay 0.0004% / 1h | 36m 34s | $110K | $434K | 5x |
| Short | Variational Omni NATGAS | 3.0059 | 0.0594 | get 0.0297% / 4h | 36m 34s | $312K | $444K | — |
Extended XNG-USD
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Extended. 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
- $118.02
- Price spread: +0.076% → +0.011%
- $6.49
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $119.51
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 21 min ago; Variational Omni: RFQ quote, 22 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 Extended live order book, 21 min ago | 0.50 bp | 4.0 bp −$4 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 22 min ago | 4.48 bp | doesn't fit | 10.8 bp −$108 | 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 | 2.8469 | −5.219% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.117% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0040 | +0.011% | $659K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0050 | +0.044% | $619K | $494K | 10x | as long as short |
| Extended XNG-USDlong | +0.0032% | 1h | 3.0037 | long leg | $110K | $434K | 5x | |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0050 | +0.044% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.044% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0080 | +0.144% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0056 | +0.064% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0045 | +0.028% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Hotstuff NATGAS-PERP
Vest NG-PERP
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 | −0.122% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.122% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0050 | +0.044% | $1.5M | $94K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0108% | 1h | 3.0050 | +0.044% | $6.0M | $5.9M | 10x | as long as short |
| HTX NATGAS-USDT | +0.0214% | 4h | 3.0073 | +0.121% | $105K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0344% | 4h | 3.0050 | +0.044% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0366% | 4h | 3.0040 | +0.011% | $1.1M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0406% | 4h | 3.0042 | +0.018% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0448% / S −0.0387% | 1h | 3.0055 | +0.061% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0455% | 8h | 3.0080 | +0.144% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDT | +0.0466% | 8h | 3.0050 | +0.044% | $80K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0485% | 8h | 3.0050 | +0.044% | $855K | $1.7M | 50x | as long as short |
| Variational Omni NATGASshort | +0.0594% | 4h | 3.0059 | +0.076% | $312K | $444K | — | |
| edgeX NATGASUSDC | +0.0618% | 4h | 3.0060 | +0.076% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0622% | 4h | 3.0054 | +0.059% | $10.2M | $28.6M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0993% | 1h | 3.0065 | +0.093% | $54K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1002% | 4h | 3.0020 | −0.056% | $9.9M | $3.3M | 100x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
tradeXYZ xyz:NATGAS
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT