Funding you earn now, next payment 07:00 UTC−0.0501%/8h= −54.9% APRpaid last 24h −0.121%
Price spread now: Lighter against edgeX−0.027%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$680.678% of the position
Funding, last 7 days+0.436%+$44 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.027%, 7d avg −0.120%
=Together, before fees+0.491%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.093% dearer against edgeX than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.120%): +$9 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.436%, 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 | edgeX NATGASUSDC | 3.0081 | 0.0533 | pay 0.0267% / 4h | 1h 11m | $85K | $211K | 20x |
| Short | Lighter NATGAS | 3.0073 | 0.0032 | get 0.0004% / 1h | 11m 28s | $629K | $502K | 10x |
edgeX NATGASUSDC
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$105.28
- Price spread: −0.027% → −0.120%
- $9.29
- Slippage, 4 orders
- −$58.83
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$163.82
- Costs to cover
- 0.678%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 30 min ago; Lighter: live order book, 24 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 edgeX live order book, 30 min ago | 13.31 bp | 33.6 bp −$34 | 43.2 bp −$432 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 24 min ago | 0.83 bp | 9.2 bp −$9 | 18.3 bp −$183 | 85.4 bp −$8,544 | 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 | −0.0016% | 1h | 3.0077 | −0.013% | $35K | — | 20x | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0102 | +0.070% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0070 | −0.037% | $660K | $96K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0073 | −0.027% | $629K | $502K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0071 | −0.034% | $111K | $283K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0080 | −0.003% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0082 | +0.003% | $6.0M | $5.4M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0067 | −0.047% | $83K | $26K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0053% | 4h | 3.0094 | +0.043% | $108K | $205K | 75x | as long as short |
| Paradex NG-USD-PERP | +0.0054% | 8h | 3.0087 | +0.021% | $5K | — | 5x | 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
HTX NATGAS-USDT
Paradex NG-USD-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0074 | −0.023% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.063% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.269% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0080 | −0.003% | $1.5M | $93K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0146% | 4h | 3.0078 | −0.010% | $22K | $211K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0214% | 4h | 3.0050 | −0.103% | $1.0M | $906K | 20x | as long as short |
| Aster NATGASUSDT | +0.0267% | 4h | 3.0107 | +0.087% | $265K | $68K | 50x | as long as short |
| Variational Omni NATGAS | +0.0489% | 4h | 3.0090 | +0.029% | $319K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0513% | 4h | 3.0080 | −0.003% | $10.3M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDClong | +0.0533% | 4h | 3.0081 | long leg | $85K | $211K | 20x | |
| GMX NATGAS/USD [ETH-USDC] | L +0.0560% / S −0.0568% | 1h | 3.0085 | +0.013% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0594% | 8h | 3.0090 | +0.030% | $1.5M | $197K | 100x | as long as short |
| BloFin NG-USDT | +0.0650% | 8h | 3.0100 | +0.063% | $83K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0655% | 8h | 3.0080 | −0.003% | $877K | $1.8M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0938% | 4h | 3.0060 | −0.070% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0099 | +0.059% | $56K | $36K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD