Funding you earn now, next payment 07:00 UTC−0.0458%/8h= −50.1% APRpaid last 24h −0.085%
Price spread now: tradeXYZ against Variational Omni−0.006%7-day average −0.044% · 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)−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.006%, 7d avg −0.044%
=Together, before fees−0.103%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.038% dearer against Variational Omni than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.044%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 4 days (−0.080% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.080% in total (about -8.1% 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 | Variational Omni NATGAS | 3.0070 | 0.0508 | pay 0.0254% / 4h | 1h 23m | $319K | $393K | — |
| Short | tradeXYZ xyz:NATGAS | 3.0068 | 0.0050 | get 0.0006% / 1h | 23m 59s | $6.0M | $5.4M | 10x |
Variational Omni NATGAS
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$96.17
- Price spread: −0.006% → −0.044%
- $3.82
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$110.35
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 20 min ago; tradeXYZ: live order book, 4 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, 20 min ago | 4.49 bp | doesn't fit | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 4 min ago | 0.17 bp | 12.3 bp −$12 | 15.6 bp −$156 | 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 | 2.8461 | −5.350% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0092 | +0.074% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0070 | +0.001% | $660K | $96K | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0080 | +0.034% | $630K | $502K | 10x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0065 | −0.015% | $111K | $283K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | +0.001% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0050% | 1h | 3.0068 | −0.006% | $6.0M | $5.4M | 10x | |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0056 | −0.046% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0055% | 8h | 3.0088 | +0.060% | $5K | — | 5x | as long as short |
| HTX NATGAS-USDT | +0.0055% | 4h | 3.0087 | +0.057% | $107K | $201K | 75x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Lighter NATGAS
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
HTX NATGAS-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0052 | −0.059% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.101% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0100 | +0.101% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | +0.001% | $1.5M | $93K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0152% | 4h | 3.0064 | −0.019% | $22K | $210K | 25x | as long as short |
| Hotstuff NATGAS-PERP | +0.0224% | 1h | 3.0078 | +0.027% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0260% | 4h | 3.0050 | −0.066% | $1.0M | $915K | 20x | as long as short |
| Aster NATGASUSDT | +0.0285% | 4h | 3.0092 | +0.074% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGASlong | +0.0508% | 4h | 3.0070 | long leg | $319K | $393K | — | |
| Binance NATGASUSDT | +0.0527% | 4h | 3.0070 | +0.001% | $10.3M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0547% | 4h | 3.0070 | 0.000% | $85K | $211K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0553% / S −0.0560% | 1h | 3.0075 | +0.018% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0626% | 8h | 3.0090 | +0.067% | $1.5M | $196K | 100x | as long as short |
| BloFin NG-USDT | +0.0630% | 8h | 3.0050 | −0.066% | $83K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0654% | 8h | 3.0080 | +0.034% | $877K | $1.8M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0958% | 4h | 3.0040 | −0.099% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0086 | +0.055% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD