Funding you earn now, next payment 06:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h +0.017%
Price spread now: tradeXYZ against Lighter0.000%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days−0.689%−$69 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now 0.000%, 7d avg +0.072%
=Together, before fees−0.705%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$71 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.072% cheaper against Lighter than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.072%). If the spread goes back, that is −$7 on $10k: about 9.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.689%, 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 | 3.0076 | 0.0032 | pay 0.0004% / 1h | 8m 18s | $629K | $504K | 10x |
| Short | tradeXYZ xyz:NATGAS | 3.0076 | 0.0058 | get 0.0007% / 1h | 8m 18s | $6.0M | $5.5M | 10x |
Lighter NATGAS
tradeXYZ xyz:NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $5.52
- Price spread: 0.000% → +0.072%
- −$7.17
- Slippage, 4 orders
- −$17.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$37.27
- Costs to cover
- 0.356%
- Break-even
- 54.3 days
Slippage from Lighter: live order book, 32 min ago; tradeXYZ: live order book, 10 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, 32 min ago | 0.83 bp | 2.5 bp −$2 | 14.2 bp −$142 | 84.0 bp −$8,395 | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.67 bp | 11.0 bp −$11 | 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 | 2.8465 | −5.356% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0102 | +0.086% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGASlong | +0.0032% | 1h | 3.0076 | long leg | $629K | $504K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0068 | −0.025% | $110K | $333K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0082 | +0.020% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0070 | −0.020% | $660K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0080 | +0.013% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0049 | −0.090% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.0058% | 1h | 3.0076 | 0.000% | $6.0M | $5.5M | 10x | |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0093 | +0.056% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Extended XNG-USD
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0076 | 0.000% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.253% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.253% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | −0.020% | $1.5M | $93K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0130% | 4h | 3.0080 | +0.013% | $107K | $211K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0170% | 4h | 3.0052 | −0.080% | $13K | $212K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0316% | 4h | 3.0060 | −0.053% | $1.0M | $945K | 20x | as long as short |
| Aster NATGASUSDT | +0.0338% | 4h | 3.0095 | +0.064% | $265K | $75K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0528% / S −0.0529% | 1h | 3.0075 | −0.003% | $88K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0561% | 4h | 3.0060 | −0.054% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0580% | 4h | 3.0070 | −0.020% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0592% | 4h | 3.0060 | −0.054% | $85K | $212K | 20x | as long as short |
| Gate NG_USDT | +0.0613% | 8h | 3.0100 | +0.080% | $1.5M | $196K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0652% | 8h | 3.0050 | −0.086% | $867K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0652% | 8h | 3.0070 | −0.020% | $81K | $195K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0986% | 4h | 3.0040 | −0.120% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1180% | 1h | 3.0096 | +0.065% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD