Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.022%
Price spread now: Lighter against HTX+0.003%7-day average −0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs+$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 7 days+0.787%+$79 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.003%, 7d avg −0.172%
=Together, before fees+0.704%+ Points / potential airdropLighter: Season 3 · farm board+$70 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.175% dearer against HTX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.172%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX NATGAS-USDT | 3.0029 | 0 | get 0.0000% / 4h | 17m 16s | $117K | $217K | 75x |
| Short | Lighter NATGAS | 3.0030 | 0.0032 | get 0.0004% / 1h | 17m 16s | $630K | $495K | 10x |
HTX NATGAS-USDT
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against HTX. 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
- $6.72
- Price spread: +0.003% → −0.172%
- $17.51
- Slippage, 4 orders
- −$16.36
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4.13
- Costs to cover
- 0.284%
- Break-even
- 11.3 days
Slippage from HTX: live order book, 19 min ago; Lighter: live order book, 13 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 HTX live order book, 19 min ago | 4.32 bp | 10.3 bp −$10 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 13 min ago | 1.83 bp | 2.5 bp −$2 | 15.4 bp −$154 | 84.5 bp −$8,449 | 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 | 2.8394 | −5.445% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.043% | $2K | $2.4M | 20x | as long as short |
| HTX NATGAS-USDTlong | 0.0000% | 4h | 3.0029 | long leg | $117K | $217K | 75x | |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0010 | −0.063% | $659K | $96K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0030 | +0.003% | $630K | $495K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0018 | −0.038% | $111K | $271K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.003% | — | $14K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 3.0023 | −0.020% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0022 | −0.023% | $6.0M | $5.3M | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0050% | 4h | 3.0026 | −0.012% | $15K | $222K | 25x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
GRVT NATGAS_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0036 | +0.023% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0051% | 8h | 3.0026 | −0.010% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0009 | −0.067% | $69K | $32K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.097% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.097% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.030% | $1.5M | $90K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0150% | 4h | 3.0010 | −0.063% | $1.0M | $873K | 20x | as long as short |
| Aster NATGASUSDT | +0.0167% | 4h | 3.0040 | +0.037% | $264K | $69K | 50x | as long as short |
| Variational Omni NATGAS | +0.0365% | 4h | 3.0010 | −0.064% | $318K | $390K | — | as long as short |
| Binance NATGASUSDT | +0.0383% | 4h | 3.0020 | −0.030% | $10.4M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0404% | 4h | 3.0017 | −0.041% | $85K | $213K | 20x | as long as short |
| BloFin NG-USDT | +0.0572% | 8h | 3.0000 | −0.097% | $81K | $198K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0573% | 8h | 2.9990 | −0.130% | $838K | $1.8M | 50x | as long as short |
| Gate NG_USDT | +0.0575% | 8h | 3.0040 | +0.037% | $1.5M | $196K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0585% / S −0.0599% | 1h | 3.0025 | −0.013% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0838% | 4h | 2.9990 | −0.130% | $9.9M | $3.0M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0862% | 1h | 3.0039 | +0.033% | $56K | $35K | 20x | as long as short |
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD