Funding you earn now, next payment 07:00 UTC−0.0894%/8h= −97.9% APRpaid last 24h −0.234%
Price spread now: Lighter against Bitget+0.110%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days−0.363%−$36 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.110%, 7d avg −0.058%
=Together, before fees−0.326%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.168% dearer against Bitget than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of −0.058%): +$17 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.363% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.363% in total (about -18.9% 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 | Bitget NATGASUSDT | 3.0030 | 0.0926 | pay 0.0463% / 4h | 1h 03m | $9.9M | $3.1M | 100x |
| Short | Lighter NATGAS | 3.0063 | 0.0032 | get 0.0004% / 1h | 3m 04s | $629K | $502K | 10x |
Bitget NATGASUSDT
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$187.74
- Price spread: +0.110% → −0.058%
- $16.76
- Slippage, 4 orders
- −$23.55
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$206.53
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from Bitget: live order book, just now; Lighter: live order book, 32 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 Bitget live order book, just now | 1.66 bp | 12.1 bp −$12 | 24.4 bp −$244 | 59.6 bp −$5,957 | doesn't fit |
| Sell Lighter live order book, 32 min ago | 0.83 bp | 9.2 bp −$9 | 18.3 bp −$183 | 85.4 bp −$8,544 | 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 | 2.8455 | −5.245% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.173% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0060 | +0.100% | $660K | $96K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0063 | +0.110% | $629K | $502K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0052 | +0.073% | $111K | $283K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | +0.133% | — | $14K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0049% | 4h | 3.0077 | +0.157% | $116K | $217K | 75x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0056 | +0.087% | $6.0M | $5.3M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0076 | +0.153% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0070 | +0.134% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
HTX NATGAS-USDT
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0058 | +0.094% | $68K | $31K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.233% | $37K | $216K | 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 | 3.0050 | +0.067% | $1.5M | $92K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0128% | 1h | 3.0066 | +0.120% | $35K | — | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0140% | 4h | 3.0050 | +0.066% | $22K | $211K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0206% | 4h | 3.0050 | +0.067% | $1.0M | $900K | 20x | as long as short |
| Aster NATGASUSDT | +0.0256% | 4h | 3.0084 | +0.178% | $265K | $68K | 50x | as long as short |
| Variational Omni NATGAS | +0.0481% | 4h | 3.0050 | +0.066% | $318K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0500% | 4h | 3.0060 | +0.100% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0508% | 4h | 3.0048 | +0.059% | $85K | $213K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0565% / S −0.0575% | 1h | 3.0065 | +0.117% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0588% | 8h | 3.0080 | +0.167% | $1.5M | $197K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0655% | 8h | 3.0060 | +0.100% | $875K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0677% | 8h | 3.0040 | +0.033% | $83K | $198K | 20x | as long as short |
| Bitget NATGASUSDTlong | +0.0926% | 4h | 3.0030 | long leg | $9.9M | $3.1M | 100x | |
| Kraken Futures PF_NATGASUSD | +0.0987% | 1h | 3.0075 | +0.150% | $56K | $36K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Hotstuff NATGAS-PERP
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Kraken Futures PF_NATGASUSD