Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.007%
Price spread now: Paradex against Lighter+0.042%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.042% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NATGAS | 3.0023 | 0.0032 | pay 0.0004% / 1h | 50m 20s | $630K | $494K | 10x |
| Short | Paradex NG-USD-PERP | 3.0036 | 0.0052 | get 0.0052% / 8h | 50m 20s | $5K | — | 5x |
Lighter NATGAS
Paradex NG-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $4.24
- Price spread: +0.042% → 0.000%
- $4.24
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $4.48
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 45 min ago; Paradex: 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, 45 min ago | 0.83 bp | 4.1 bp −$4 | 15.0 bp −$150 | 80.8 bp −$8,078 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | 2.8394 | −5.426% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.063% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0020 | −0.010% | $659K | $96K | 20x | as long as short |
| Lighter NATGASlong | +0.0032% | 1h | 3.0023 | long leg | $630K | $494K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0015 | −0.026% | $111K | $283K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0037% | 4h | 3.0054 | +0.103% | $117K | $216K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.023% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0019 | −0.013% | $6.0M | $5.3M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0010 | −0.043% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERPshort | +0.0052% | 8h | 3.0036 | +0.042% | $5K | — | 5x |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0025 | +0.007% | $35K | — | 20x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0008 | −0.050% | $68K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.077% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.077% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.010% | $1.5M | $92K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0128% | 4h | 3.0030 | +0.024% | $15K | $222K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0204% | 4h | 3.0020 | −0.010% | $1.0M | $892K | 20x | as long as short |
| Aster NATGASUSDT | +0.0237% | 4h | 3.0024 | +0.003% | $264K | $65K | 50x | as long as short |
| Variational Omni NATGAS | +0.0450% | 4h | 3.0019 | −0.013% | $318K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0479% | 4h | 3.0020 | −0.010% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0501% | 4h | 3.0034 | +0.035% | $85K | $212K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0573% / S −0.0584% | 1h | 3.0025 | +0.007% | $88K | — | 45x | as long as short |
| Gate NG_USDT | +0.0577% | 8h | 3.0040 | +0.057% | $1.5M | $195K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0652% | 8h | 3.0020 | −0.010% | $869K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0673% | 8h | 3.0040 | +0.057% | $83K | $198K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0862% | 1h | 3.0038 | +0.050% | $56K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0906% | 4h | 3.0000 | −0.077% | $9.9M | $3.1M | 100x | as long as short |
Hotstuff NATGAS-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT