NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%

Price spread now: Pacifica against Lighter−0.058%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 Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.613%−$61 on $10k

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

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

Funding pays, the price is against you. Pacifica is 0.058% cheaper against Lighter than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.9 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.613%, 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	2.9930	0.0032	pay 0.0004% / 1h	13m 06s	$619K	$411K	10x
Short	Pacifica NATGAS	2.9913	0.0100	get 0.0013% / 1h	13m 06s	$68K	$34K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.058%Rate

Funding earned: $14.28
Price spread: −0.058% → 0.000%: −$5.83
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $0.45
Costs to cover: 0.080%
Break-even: 6.8 days

Slippage unknown: Lighter: live order book, 63 min ago; Pacifica: 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, 63 min ago	0.83 bp	17.2 bp −$17	19.1 bp −$191	84.4 bp −$8,438	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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
Hotstuff NATGAS-PERP	0.0000%	1h	2.9930	0.000%	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	2.8274	−5.533%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	2.9961	+0.104%	$2K	$2.6M	20x	as long as short
Lighter NATGASlong	+0.0032%	1h	2.9930	long leg	$619K	$411K	10x
Vest NG-PERP	+0.0046%	1h	2.9920	−0.033%	—	$378	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9927	−0.010%	$84K	$49K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0059%	1h	2.9930	0.000%	$5.9M	$6.0M	10x	as long as short
Pacifica NATGASshort	+0.0100%	1h	2.9913	−0.058%	$68K	$34K	10x
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	+0.234%	$37K	$216K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	2.9900	−0.100%	$3K	$544	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex NGUSDT	+0.0100%	4h	2.9940	+0.033%	$1.5M	$100K	10x	as long as short
Paradex NG-USD-PERP	+0.0110%	8h	2.9941	+0.035%	$5K	—	5x	as long as short
QFEX NATGAS-USD	+0.0160%	1h	2.9930	0.000%	$657K	$86K	20x	as long as short
KuCoin NATGASUSDTM	+0.0166%	4h	2.9930	0.000%	$1.0M	$1.2M	20x	as long as short
HTX NATGAS-USDT	+0.0183%	4h	2.9951	+0.070%	$98K	$215K	75x	as long as short
Gate NG_USDT	+0.0227%	8h	2.9960	+0.100%	$1.5M	$307K	100x	as long as short
BloFin NG-USDT	+0.0276%	8h	2.9940	+0.033%	$80K	$189K	20x	as long as short
Extended XNG-USD	+0.0280%	1h	2.9911	−0.062%	$110K	$471K	5x	as long as short
OKX NG-USDT-SWAP	+0.0303%	8h	2.9930	0.000%	$856K	$1.7M	50x	as long as short
GRVT NATGAS_USDT_Perp	+0.0332%	4h	2.9930	0.000%	$13K	$246K	25x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0406% / S −0.0333%	1h	2.9945	+0.050%	$93K	—	45x	as long as short
Aster NATGASUSDT	+0.0504%	4h	2.9939	+0.031%	$265K	$105K	50x	as long as short
Kraken Futures PF_NATGASUSD	+0.0515%	1h	2.9954	+0.079%	$52K	$44K	20x	as long as short
Variational Omni NATGAS	+0.0534%	4h	2.9931	+0.004%	$311K	$446K	—	as long as short
Binance NATGASUSDT	+0.0591%	4h	2.9940	+0.033%	$10.1M	$30.8M	100x	as long as short
edgeX NATGASUSDC	+0.0637%	4h	2.9932	+0.007%	$85K	$213K	20x	as long as short
Bitget NATGASUSDT	+0.0784%	4h	2.9910	−0.067%	$10.0M	$4.0M	100x	as long as short