NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.012%

Price spread now: Ondo Perps against Lighter−0.027%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.590%−$59 on $10k

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

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

Funding pays, the price is against you. Ondo Perps is 0.027% cheaper against Lighter than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4.8 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.590%, 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	3.0015	0.0032	pay 0.0004% / 1h	26m 40s	$619K	$494K	10x
Short	Ondo Perps NATGAS-USD.P	3.0007	0.0050	get 0.0006% / 1h	26m 40s	$82K	$26K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.027%Rate

Funding earned: $3.86
Price spread: −0.027% → 0.000%: −$2.67
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$3.8
Costs to cover: 0.050%
Break-even: 13.9 days

Slippage unknown: Lighter: live order book, 29 min ago; Ondo Perps: 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, 29 min ago	0.83 bp	2.5 bp −$2	12.3 bp −$123	73.9 bp −$7,388	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	2.8440	−5.247%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0041	+0.087%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0019%	1h	3.0010	−0.017%	$658K	$85K	20x	as long as short
Lighter NATGASlong	+0.0032%	1h	3.0015	long leg	$619K	$494K	10x
Vest NG-PERP	+0.0046%	1h	3.0010	−0.017%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.Pshort	+0.0050%	1h	3.0007	−0.027%	$82K	$26K	10x
Hotstuff NATGAS-PERP	+0.0064%	1h	3.0011	−0.013%	$35K	—	20x	as long as short
Paradex NG-USD-PERP	+0.0067%	8h	3.0029	+0.045%	$5K	—	5x	as long as short
Extended XNG-USD	+0.0096%	1h	3.0003	−0.042%	$110K	$444K	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0013	−0.007%	$68K	$33K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0100	+0.283%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.050%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	+0.050%	$1.5M	$95K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0100%	1h	3.0004	−0.037%	$6.0M	$5.9M	10x	as long as short
HTX NATGAS-USDT	+0.0247%	4h	3.0032	+0.057%	$101K	$214K	75x	as long as short
KuCoin NATGASUSDTM	+0.0348%	4h	3.0010	−0.017%	$1.1M	$1.1M	20x	as long as short
Aster NATGASUSDT	+0.0367%	4h	3.0016	+0.003%	$265K	$73K	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0400%	4h	3.0019	+0.014%	$12K	$214K	25x	as long as short
OKX NG-USDT-SWAP	+0.0429%	8h	3.0020	+0.017%	$853K	$1.7M	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0434% / S −0.0372%	1h	3.0025	+0.033%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0438%	8h	3.0070	+0.183%	$1.5M	$209K	100x	as long as short
BloFin NG-USDT	+0.0450%	8h	2.9990	−0.083%	$81K	$188K	20x	as long as short
Variational Omni NATGAS	+0.0532%	4h	3.0019	+0.013%	$311K	$444K	—	as long as short
Binance NATGASUSDT	+0.0583%	4h	3.0020	+0.017%	$10.2M	$29.0M	100x	as long as short
edgeX NATGASUSDC	+0.0584%	4h	3.0019	+0.013%	$85K	$211K	20x	as long as short
Bitget NATGASUSDT	+0.0954%	4h	2.9990	−0.083%	$9.9M	$3.4M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.1109%	1h	3.0034	+0.063%	$54K	$36K	20x	as long as short