Funding you earn now, next payment 03:00 UTC−0.0458%/8h= −50.1% APRpaid last 24h −0.078%
Price spread now: Extended against Variational Omni−0.044%7-day average −0.010% · 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)−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.044%, 7d avg −0.010%
=Together, before fees+0.044%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Extended is 0.034% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.050% in total (about -5.2% 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 | Variational Omni NATGAS | 2.9999 | 0.0586 | pay 0.0293% / 4h | 1h 03m | $311K | $444K | — |
| Short | Extended XNG-USD | 2.9986 | 0.0128 | get 0.0016% / 1h | 3m 27s | $110K | $445K | 5x |
Variational Omni NATGAS
Extended XNG-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$96.14
- Price spread: −0.044% → −0.010%
- −$3.39
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$104.53
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 61 min ago; Extended: live order book, 59 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 Variational Omni RFQ quote, 61 min ago | 4.50 bp | doesn't fit | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Extended live order book, 59 min ago | 0.67 bp | 4.6 bp −$5 | 9.6 bp −$96 | 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 | 2.8426 | −5.244% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0022 | +0.076% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0000 | +0.003% | $658K | $85K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0002 | +0.009% | $618K | $494K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0003 | +0.013% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9990 | −0.031% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9990 | −0.031% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0060% | 8h | 3.0011 | +0.040% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0092% | 1h | 3.0003 | +0.013% | $6.0M | $5.9M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9978 | −0.071% | $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
tradeXYZ xyz:NATGAS
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 | +0.003% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.003% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0010 | +0.036% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USDshort | +0.0128% | 1h | 2.9986 | −0.044% | $110K | $445K | 5x | |
| HTX NATGAS-USDT | +0.0242% | 4h | 3.0020 | +0.070% | $105K | $216K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0384% | 4h | 2.9997 | −0.008% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0386% | 4h | 2.9990 | −0.031% | $1.1M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0408% | 4h | 2.9992 | −0.024% | $265K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0442% / S −0.0381% | 1h | 3.0005 | +0.019% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0458% | 8h | 3.0040 | +0.136% | $1.5M | $211K | 100x | as long as short |
| BloFin NG-USDT | +0.0465% | 8h | 3.0000 | +0.003% | $81K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0477% | 8h | 2.9990 | −0.031% | $852K | $1.7M | 50x | as long as short |
| Variational Omni NATGASlong | +0.0586% | 4h | 2.9999 | long leg | $311K | $444K | — | |
| edgeX NATGASUSDC | +0.0617% | 4h | 2.9999 | 0.000% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0619% | 4h | 3.0000 | +0.003% | $10.2M | $28.9M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0994% | 4h | 2.9970 | −0.097% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1110% | 1h | 3.0015 | +0.053% | $53K | $34K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
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
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD