Funding you earn now, next payment 10:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.060%
Price spread now: KuCoin against Lighter−0.027%7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days−0.538%−$54 on $10k
+Price spread, last 4 days (all we have)−0.338%−$34 · spread now −0.027%, 7d avg +0.064%
=Together, before fees−0.876%+ Points / potential airdropLighter: Season 3 · farm board−$88 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.091% cheaper against Lighter than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.064%). If the spread goes back, that is −$9 on $10k: about 37 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.538%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NATGAS | 2.9968 | 0.0032 | pay 0.0004% / 1h | 57m 17s | $632K | $481K | 10x |
| Short | KuCoin NATGASUSDTM | 2.9960 | 0.0228 | get 0.0114% / 4h | 2h 57m | $1.1M | $851K | 20x |
Lighter NATGAS
KuCoin NATGASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Lighter. 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
- $41.16
- Price spread: −0.027% → +0.064%
- −$9.07
- Slippage, 4 orders
- −$36.11
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$16.02
- Costs to cover
- 0.481%
- Break-even
- 9.7 days
Slippage from Lighter: live order book, 28 min ago; KuCoin: live order book, 7 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 Lighter live order book, 28 min ago | 1.17 bp | 1.2 bp −$1 | 12.2 bp −$122 | 84.5 bp −$8,450 | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 1.67 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | 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 | 2.8324 | −5.486% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9981 | +0.043% | $2K | $2.1M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0024% | 1h | 2.9970 | +0.007% | $660K | $98K | 20x | as long as short |
| Lighter NATGASlong | +0.0032% | 1h | 2.9968 | long leg | $632K | $481K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 2.9959 | −0.031% | $112K | $259K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9970 | +0.007% | — | $14K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 2.9973 | +0.017% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9957 | −0.037% | $6.0M | $5.6M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9973 | +0.017% | $84K | $28K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0063% | 4h | 2.9946 | −0.073% | $118K | $221K | 75x | 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
Ondo Perps NATGAS-USD.P
HTX NATGAS-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0076% | 8h | 2.9975 | +0.024% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9956 | −0.040% | $70K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.227% | $36K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 2.9900 | −0.227% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9950 | −0.060% | $1.5M | $92K | 10x | as long as short |
| Aster NATGASUSDT | +0.0215% | 4h | 2.9945 | −0.077% | $264K | $68K | 50x | as long as short |
| KuCoin NATGASUSDTMshort | +0.0228% | 4h | 2.9960 | −0.027% | $1.1M | $851K | 20x | |
| Gate NG_USDT | +0.0247% | 8h | 2.9990 | +0.073% | $1.5M | $198K | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0282% | 4h | 2.9946 | −0.072% | $20K | $205K | 25x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0298% | 1h | 2.9959 | −0.029% | $53K | $45K | 20x | as long as short |
| Variational Omni NATGAS | +0.0405% | 4h | 2.9949 | −0.062% | $355K | $429K | — | as long as short |
| Binance NATGASUSDT | +0.0408% | 4h | 2.9960 | −0.027% | $9.8M | $31.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0438% | 4h | 2.9959 | −0.029% | $85K | $211K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0490% | 8h | 2.9940 | −0.093% | $812K | $1.9M | 50x | as long as short |
| BloFin NG-USDT | +0.0502% | 8h | 2.9950 | −0.060% | $77K | $197K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0586% / S −0.0602% | 1h | 2.9945 | −0.077% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0856% | 4h | 2.9940 | −0.093% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
Gate NG_USDT
GRVT NATGAS_USDT_Perp
Kraken Futures PF_NATGASUSD
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
OKX NG-USDT-SWAP
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT