Funding you earn now, next payment 03:00 UTC−0.0066%/8h= −7.2% APRnext payment −$0.08 per $10,000 · paid last 24h −0.016%
Price spread now: Lighter against tradeXYZ+0.037%7-day average −0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs+$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days+0.690%+$69 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.037%, 7d avg −0.074%
=Together, before fees+0.656%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$66 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.111% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.074%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.690%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NATGAS | 3.0009 | 0.0098 | pay 0.0012% / 1h | 25m 29s | $6.0M | $5.9M | 10x |
| Short | Lighter NATGAS | 3.0020 | 0.0032 | get 0.0004% / 1h | 25m 29s | $619K | $494K | 10x |
tradeXYZ xyz:NATGAS
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$13.77
- Price spread: +0.037% → −0.074%
- $11.07
- Slippage, 4 orders
- −$7.55
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$28.25
- Costs to cover
- 0.256%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Lighter: live order book, 30 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 tradeXYZ live order book, 2 min ago | 0.17 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 30 min ago | 0.83 bp | 1.5 bp −$1 | 21.3 bp −$213 | 85.9 bp −$8,592 | doesn't fit |
NATGAS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0041 | +0.107% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | +0.003% | $659K | $85K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0020 | +0.037% | $619K | $494K | 10x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0020 | +0.037% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0007 | −0.007% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0067% | 8h | 3.0026 | +0.057% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0015 | +0.020% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGASlong | +0.0098% | 1h | 3.0009 | long leg | $6.0M | $5.9M | 10x | |
| Pacifica NATGAS | +0.0100% | 1h | 3.0012 | +0.010% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.030% | $37K | $216K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Hotstuff NATGAS-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.030% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.070% | $1.5M | $95K | 10x | as long as short |
| Extended XNG-USD | +0.0104% | 1h | 3.0001 | −0.026% | $110K | $444K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0249% | 4h | 3.0043 | +0.113% | $101K | $213K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0352% | 4h | 3.0010 | +0.003% | $1.1M | $1.1M | 20x | as long as short |
| Aster NATGASUSDT | +0.0371% | 4h | 3.0016 | +0.025% | $265K | $73K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0404% | 4h | 3.0027 | +0.058% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0433% | 8h | 3.0020 | +0.037% | $853K | $1.7M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0434% / S −0.0372% | 1h | 3.0025 | +0.053% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0443% | 8h | 3.0070 | +0.203% | $1.5M | $209K | 100x | as long as short |
| BloFin NG-USDT | +0.0450% | 8h | 2.9990 | −0.063% | $81K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0547% | 4h | 3.0019 | +0.033% | $311K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0579% | 4h | 3.0019 | +0.033% | $85K | $211K | 20x | as long as short |
| Binance NATGASUSDT | +0.0584% | 4h | 3.0020 | +0.037% | $10.2M | $28.9M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0958% | 4h | 3.0000 | −0.030% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0035 | +0.086% | $54K | $34K | 20x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
HTX NATGAS-USDT
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD