Funding you earn now, next payment 05:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.073%
Price spread now: Lighter against KuCoin+0.017%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$950.951% of the position
Funding, last 7 days+0.540%+$54 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now +0.017%, 7d avg −0.070%
=Together, before fees+0.658%+ Points / potential airdropLighter: Season 3 · farm board+$66 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.086% dearer against KuCoin than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.070%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.540%, 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 | KuCoin NATGASUSDTM | 3.0050 | 0.0360 | pay 0.0180% / 4h | 3h 13m | $1.0M | $987K | 20x |
| Short | Lighter NATGAS | 3.0055 | 0.0032 | get 0.0004% / 1h | 13m 28s | $629K | $503K | 10x |
KuCoin NATGASUSDTM
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$68.88
- Price spread: +0.017% → −0.070%
- $8.62
- Slippage, 4 orders
- −$83.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$155.33
- Costs to cover
- 0.951%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; 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 KuCoin live order book, 1 min ago | 1.66 bp | 47.7 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 32 min ago | 0.67 bp | 5.0 bp −$5 | 16.0 bp −$160 | 71.6 bp −$7,165 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.106% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0050 | 0.000% | $659K | $96K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0024% | 1h | 3.0057 | +0.023% | $35K | — | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0055 | +0.017% | $629K | $503K | 10x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | 0.000% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0082 | +0.106% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0091% | 1h | 3.0049 | −0.003% | $6.0M | $5.7M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0097% | 8h | 3.0086 | +0.120% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0051 | +0.003% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.166% | $37K | $218K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.166% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | +0.067% | $1.5M | $92K | 10x | as long as short |
| Extended XNG-USD | +0.0208% | 1h | 3.0041 | −0.030% | $110K | $364K | 5x | as long as short |
| KuCoin NATGASUSDTMlong | +0.0360% | 4h | 3.0050 | long leg | $1.0M | $987K | 20x | |
| Aster NATGASUSDT | +0.0420% | 4h | 3.0060 | +0.033% | $264K | $74K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0486% / S −0.0429% | 1h | 3.0065 | +0.050% | $92K | — | 45x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0490% | 4h | 3.0052 | +0.005% | $13K | $223K | 25x | as long as short |
| HTX NATGAS-USDT | +0.0536% | 4h | 3.0081 | +0.103% | $106K | $211K | 75x | as long as short |
| Gate NG_USDT | +0.0555% | 8h | 3.0100 | +0.166% | $1.5M | $193K | 100x | as long as short |
| BloFin NG-USDT | +0.0572% | 8h | 3.0060 | +0.033% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0598% | 8h | 3.0060 | +0.033% | $867K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0627% | 4h | 3.0060 | +0.032% | $312K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0653% | 4h | 3.0069 | +0.062% | $10.3M | $28.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0658% | 4h | 3.0060 | +0.032% | $85K | $214K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0854% | 1h | 3.0078 | +0.092% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1024% | 4h | 3.0040 | −0.033% | $9.9M | $3.2M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
GRVT NATGAS_USDT_Perp
HTX NATGAS-USDT
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT