NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1077%/8h= +117.9% APRnext payment +$1.35 per $10,000 · paid last 24h +0.186%

Price spread now: Kraken Futures against Lighter+0.061%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Kraken Futures is 0.061% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.35 per $10,000. 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	Lighter NATGAS	3.0008	0.0032	pay 0.0004% / 1h	2m 11s	$618K	$495K	10x
Short	Kraken Futures PF_NATGASUSD	3.0026	0.1109	get 0.0139% / 1h	2m 11s	$53K	$34K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Kraken FuturesbpOrdersPrice spread, now +0.061%Rate

Funding earned: $226.2
Price spread: +0.061% → 0.000%: $6.12
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $222.32
Costs to cover: 0.100%
Break-even: 0.1 days

Slippage unknown: Lighter: live order book, 53 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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 Lighter live order book, 53 min ago	0.83 bp	2.5 bp −$2	12.3 bp −$123	73.9 bp −$7,388	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	3.0031	+0.077%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0000	−0.027%	$658K	$85K	20x	as long as short
Lighter NATGASlong	+0.0032%	1h	3.0008	long leg	$618K	$495K	10x
Hotstuff NATGAS-PERP	+0.0032%	1h	3.0008	0.000%	$35K	—	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0000	−0.027%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0028	+0.067%	$82K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0060%	8h	3.0016	+0.027%	$5K	—	5x	as long as short
tradeXYZ xyz:NATGAS	+0.0093%	1h	3.0008	0.000%	$6.0M	$5.9M	10x	as long as short
Pacifica NATGAS	+0.0100%	1h	2.9979	−0.097%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.027%	$37K	$215K	50x	as long as short

Show 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	−0.027%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0010	+0.007%	$1.5M	$95K	10x	as long as short
Extended XNG-USD	+0.0128%	1h	2.9996	−0.038%	$110K	$445K	5x	as long as short
HTX NATGAS-USDT	+0.0240%	4h	3.0022	+0.047%	$105K	$216K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0384%	4h	2.9997	−0.038%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTM	+0.0386%	4h	2.9990	−0.060%	$1.1M	$1.1M	20x	as long as short
Aster NATGASUSDT	+0.0408%	4h	3.0000	−0.026%	$265K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0442% / S −0.0381%	1h	3.0015	+0.023%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0458%	8h	3.0040	+0.107%	$1.5M	$211K	100x	as long as short
BloFin NG-USDT	+0.0475%	8h	2.9990	−0.060%	$80K	$188K	20x	as long as short
OKX NG-USDT-SWAP	+0.0478%	8h	3.0000	−0.027%	$852K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0586%	4h	2.9999	−0.029%	$311K	$444K	—	as long as short
edgeX NATGASUSDC	+0.0617%	4h	2.9999	−0.030%	$85K	$213K	20x	as long as short
Binance NATGASUSDT	+0.0621%	4h	3.0016	+0.027%	$10.2M	$28.9M	100x	as long as short
Bitget NATGASUSDT	+0.0994%	4h	2.9980	−0.093%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSDshort	+0.1109%	1h	3.0026	+0.061%	$53K	$34K	20x