Funding you earn now, next payment 00:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.131%
Price spread now: Lighter against BloFin+0.094%90s7-day average −0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.335% of the position
Funding, last 7 days+0.218%+$22 on $10k
+Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.094%, 7d avg −0.094%
=Together, before fees+0.183%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.188% dearer against BloFin than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.094%): +$19 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.218%, so the current rate has only just turned against you. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NG-USDT | 2.9940 | 0.0168 | pay 0.0168% / 8h | 15m 34s | $80K | $189K | 20x |
| Short | Lighter NATGAS | 2.9968 | 0.0032 | get 0.0004% / 1h | 15m 34s | $616K | $419K | 10x |
BloFin NG-USDT
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$28.64
- Price spread: +0.094% → −0.094%
- $18.79
- Slippage, 4 orders
- −$21.47
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$43.32
- Costs to cover
- 0.335%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 54 min ago; Lighter: live order book, 55 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 BloFin live order book, 54 min ago | 3.34 bp | 9.3 bp −$9 | 15.8 bp −$158 | 64.2 bp −$6,424 | doesn't fit |
| Sell Lighter live order book, 55 min ago | 0.50 bp | 3.7 bp −$4 | 18.0 bp −$180 | 91.8 bp −$9,179 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT NATGAS_USDT_Perp | 0.0000% | 4h | 2.9948 | +0.027% | $13K | $238K | 25x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8305 | −5.461% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9971 | +0.104% | $2K | $2.6M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 2.9987 | +0.157% | $98K | $212K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0030% | 1h | 2.9950 | +0.033% | $657K | $86K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 2.9968 | +0.094% | $616K | $419K | 10x | |
| Vest NG-PERP | +0.0046% | 1h | 2.9950 | +0.033% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9947 | +0.023% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9973 | +0.110% | $84K | $43K | 10x | as long as short |
| Extended XNG-USD | +0.0056% | 1h | 2.9943 | +0.010% | $110K | $453K | 5x | as long as short |
GRVT NATGAS_USDT_Perp
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Extended XNG-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | +0.0056% | 1h | 2.9952 | +0.040% | $35K | — | 20x | as long as short |
| Aster NATGASUSDT | +0.0058% | 4h | 2.9960 | +0.067% | $265K | $73K | 50x | as long as short |
| Paradex NG-USD-PERP | +0.0066% | 8h | 2.9953 | +0.043% | $5K | — | 5x | as long as short |
| Variational Omni NATGAS | +0.0080% | 4h | 2.9951 | +0.036% | $311K | $443K | — | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9951 | +0.037% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 2.9950 | +0.033% | $1.0M | $1.2M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.134% | $36K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.200% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9960 | +0.067% | $1.5M | $97K | 10x | as long as short |
| OKX NG-USDT-SWAP | +0.0127% | 8h | 2.9960 | +0.067% | $856K | $1.7M | 50x | as long as short |
| BloFin NG-USDTlong | +0.0168% | 8h | 2.9940 | long leg | $80K | $189K | 20x | |
| Gate NG_USDT | +0.0171% | 8h | 2.9980 | +0.134% | $1.5M | $285K | 100x | as long as short |
| Binance NATGASUSDT | +0.0182% | 4h | 2.9954 | +0.047% | $10.1M | $30.0M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0208% | 4h | 2.9951 | +0.036% | $85K | $213K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0274% | 4h | 2.9930 | −0.033% | $10.0M | $3.7M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0406% / S −0.0333% | 1h | 2.9955 | +0.050% | $93K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1217% | 1h | 2.9971 | +0.103% | $52K | $39K | 20x | as long as short |
Hotstuff NATGAS-PERP
Aster NATGASUSDT
Paradex NG-USD-PERP
Variational Omni NATGAS
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
OKX NG-USDT-SWAP
Gate NG_USDT
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD