Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%
Price spread now: Lighter against Orderly+0.137%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.137% dearer against Orderly than usual: you sell high and buy low (spread +0.137% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_NATGAS_USDC_mythos | 2.9900 | 0.0100 | pay 0.0100% / 8h | 44m 46s | $3K | $544 | 10x |
| Short | Lighter NATGAS | 2.9941 | 0.0032 | get 0.0004% / 1h | 44m 46s | $619K | $416K | 10x |
Orderly PERP_NATGAS_USDC_mythos
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Orderly. 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
- −$14.28
- Price spread: +0.137% → 0.000%
- $13.71
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6.57
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 26 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 26 min ago | 0.50 bp | 3.7 bp −$4 | 18.0 bp −$180 | 91.8 bp −$9,179 | doesn't fit |
Orderly: 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 | −0.0072% | 1h | 2.9921 | +0.070% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8279 | −5.421% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9951 | +0.171% | $2K | $2.6M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 2.9947 | +0.157% | $98K | $214K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0030% | 1h | 2.9920 | +0.067% | $657K | $86K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 2.9941 | +0.137% | $619K | $416K | 10x | |
| Vest NG-PERP | +0.0046% | 1h | 2.9930 | +0.100% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9925 | +0.084% | $5.9M | $6.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9922 | +0.074% | $84K | $43K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0081% | 8h | 2.9930 | +0.101% | $5K | — | 5x | as long as short |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
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 | 2.9929 | +0.096% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 2.9930 | +0.100% | $1.0M | $1.2M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | 0.000% | $36K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythoslong | +0.0100% | 8h | 2.9900 | long leg | $3K | $544 | 10x | |
| Phemex NGUSDT | +0.0100% | 4h | 2.9940 | +0.134% | $1.5M | $98K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0130% | 4h | 2.9928 | +0.094% | $13K | $238K | 25x | as long as short |
| Extended XNG-USD | +0.0168% | 1h | 2.9918 | +0.061% | $110K | $471K | 5x | as long as short |
| Gate NG_USDT | +0.0199% | 8h | 2.9960 | +0.201% | $1.5M | $284K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0219% | 8h | 2.9920 | +0.067% | $856K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0246% | 8h | 2.9930 | +0.100% | $80K | $189K | 20x | as long as short |
| Aster NATGASUSDT | +0.0269% | 4h | 2.9941 | +0.136% | $265K | $105K | 50x | as long as short |
| Variational Omni NATGAS | +0.0298% | 4h | 2.9931 | +0.105% | $311K | $443K | — | as long as short |
| Binance NATGASUSDT | +0.0372% | 4h | 2.9936 | +0.119% | $10.1M | $30.3M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0405% / S −0.0333% | 1h | 2.9935 | +0.117% | $93K | — | 45x | as long as short |
| edgeX NATGASUSDC | +0.0434% | 4h | 2.9931 | +0.104% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0498% | 4h | 2.9900 | 0.000% | $10.0M | $3.9M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1218% | 1h | 2.9945 | +0.151% | $52K | $39K | 20x | as long as short |
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Extended XNG-USD
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD