Funding you earn now, next payment 08:00 UTC+0.0352%/8h= +38.6% APRpaid last 24h +0.085%
Price spread now: Variational Omni against tradeXYZ−0.029%7-day average +0.043% · 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)+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.029%, 7d avg +0.043%
=Together, before fees+0.066%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.073% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.043%). If the spread goes back, that is −$7 on $10k: about 16 hours of funding at the current rate (+$11 a day). At the pace of the last 4 days (+0.079% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.079% in total (about 7.9% 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 | tradeXYZ xyz:NATGAS | 3.0078 | 0.0050 | pay 0.0006% / 1h | 31m 07s | $6.0M | $5.2M | 10x |
| Short | Variational Omni NATGAS | 3.0069 | 0.0402 | get 0.0201% / 4h | 31m 07s | $319K | $390K | — |
tradeXYZ xyz:NATGAS
Variational Omni NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against tradeXYZ. 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
- $73.94
- Price spread: −0.029% → +0.043%
- −$7.25
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $48.69
- Costs to cover
- 0.180%
- Break-even
- 2.4 days
Slippage unknown: tradeXYZ: live order book, 7 min ago; Variational Omni: RFQ quote, 8 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 tradeXYZ live order book, 7 min ago | 0.67 bp | 10.2 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0088% | 1h | 3.0072 | −0.020% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8455 | −5.396% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.047% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.047% | $117K | $217K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0070 | −0.027% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0080 | +0.007% | $632K | $494K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0068 | −0.034% | $111K | $271K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | −0.027% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0050% | 1h | 3.0078 | long leg | $6.0M | $5.2M | 10x | |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0088 | +0.033% | $83K | $26K | 10x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0078 | 0.000% | $5K | — | 5x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0076% | 4h | 3.0050 | −0.093% | $15K | $222K | 25x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0071 | −0.025% | $70K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.073% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.259% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | −0.027% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0166% | 4h | 3.0060 | −0.060% | $1.0M | $885K | 20x | as long as short |
| Aster NATGASUSDT | +0.0183% | 4h | 3.0067 | −0.037% | $265K | $65K | 50x | as long as short |
| Variational Omni NATGASshort | +0.0402% | 4h | 3.0069 | −0.029% | $319K | $390K | — | |
| Binance NATGASUSDT | +0.0418% | 4h | 3.0070 | −0.027% | $10.4M | $28.4M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0438% | 4h | 3.0067 | −0.038% | $85K | $213K | 20x | as long as short |
| Gate NG_USDT | +0.0578% | 8h | 3.0090 | +0.040% | $1.5M | $195K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0578% / S −0.0591% | 1h | 3.0075 | −0.010% | $88K | — | 45x | as long as short |
| BloFin NG-USDT | +0.0611% | 8h | 3.0060 | −0.060% | $82K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0613% | 8h | 3.0040 | −0.126% | $852K | $1.8M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0860% | 1h | 3.0090 | +0.041% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0866% | 4h | 3.0040 | −0.126% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
GRVT NATGAS_USDT_Perp
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
BloFin NG-USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT