Funding you earn now, next payment 02:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.063%
Price spread now: Lighter against Aster−0.043%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$840.840% of the position
Funding, last 7 days+0.671%+$67 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.043%, 7d avg −0.131%
=Together, before fees+0.703%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$70 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.087% dearer against Aster than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.131%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.671%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster NATGASUSDT | 3.0030 | 0.0145 | pay 0.0072% / 4h | 2h 45m | $266K | $73K | 50x |
| Short | Lighter NATGAS | 3.0017 | 0.0096 | get 0.0012% / 1h | 45m 56s | $617K | $444K | 10x |
Aster NATGASUSDT
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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
- −$10.27
- Price spread: −0.043% → −0.131%
- $8.73
- Slippage, 4 orders
- −$76.02
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$85.56
- Costs to cover
- 0.840%
- Break-even
- never at this rate
Slippage from Aster: live order book, 21 min ago; Lighter: live order book, 15 min ago.
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 Aster live order book, 21 min ago | 6.66 bp | 61.8 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 15 min ago | 1.16 bp | 3.1 bp −$3 | 21.3 bp −$213 | 88.1 bp −$8,807 | doesn't fit |
NATGAS on 26 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 | −0.0056% | 1h | 3.0005 | −0.083% | $35K | — | 20x | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0051 | +0.070% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0030 | 0.000% | $659K | $86K | 20x | as long as short |
| Extended XNG-USD | +0.0032% | 1h | 3.0006 | −0.080% | $110K | $450K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.067% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0015 | −0.050% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0031 | +0.003% | $84K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0058% | 8h | 3.0056 | +0.085% | $5K | — | 5x | as long as short |
| Lighter NATGASshort | +0.0096% | 1h | 3.0017 | −0.043% | $617K | $444K | 10x | |
| Pacifica NATGAS | +0.0100% | 1h | 3.0003 | −0.090% | $68K | $33K | 10x | as long as short |
Hotstuff NATGAS-PERP
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0020 | −0.033% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.100% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.100% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0040 | +0.033% | $1.5M | $94K | 10x | as long as short |
| Aster NATGASUSDTlong | +0.0145% | 4h | 3.0030 | long leg | $266K | $73K | 50x | |
| HTX NATGAS-USDT | +0.0240% | 4h | 3.0054 | +0.080% | $98K | $212K | 75x | as long as short |
| Variational Omni NATGAS | +0.0267% | 4h | 3.0030 | +0.001% | $312K | $443K | — | as long as short |
| OKX NG-USDT-SWAP | +0.0306% | 8h | 3.0020 | −0.033% | $868K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0307% | 8h | 2.9980 | −0.167% | $81K | $188K | 20x | as long as short |
| Binance NATGASUSDT | +0.0338% | 4h | 3.0030 | 0.000% | $10.1M | $29.1M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0343% | 4h | 3.0010 | −0.065% | $85K | $212K | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0366% | 4h | 3.0006 | −0.078% | $25K | $200K | 25x | as long as short |
| Gate NG_USDT | +0.0377% | 8h | 3.0040 | +0.033% | $1.5M | $218K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0418% / S −0.0354% | 1h | 3.0035 | +0.017% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0536% | 4h | 3.0000 | −0.100% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0825% | 1h | 3.0057 | +0.090% | $54K | $37K | 20x | as long as short |
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
OKX NG-USDT-SWAP
BloFin NG-USDT
Binance NATGASUSDT
edgeX NATGASUSDC
GRVT NATGAS_USDT_Perp
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD