Funding you earn now, next payment 22:00 UTC−0.0838%/8h= −91.8% APRpaid last 24h −0.102%
Price spread now: Lighter against Variational Omni+0.020%7-day average −0.136% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.661%+$66 on $10k
+Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.020%, 7d avg −0.136%
=Together, before fees+0.681%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$68 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.157% dearer against Variational Omni than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.136%): +$16 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 3 days funding on this pair paid +0.661%, 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 | Variational Omni NATGAS | 2.9944 | 0.0870 | pay 0.0435% / 4h | 2h 00m | $310K | $491K | — |
| Short | Lighter NATGAS | 2.9950 | 0.0032 | get 0.0004% / 1h | 0m 05s | $618K | $412K | 10x |
Variational Omni NATGAS
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- −$175.98
- Price spread: +0.020% → −0.136%
- $15.65
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$160.33
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 24 min ago; Lighter: live order book, 16 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 Variational Omni RFQ quote, 24 min ago | 4.49 bp | doesn't fit | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 16 min ago | 0.83 bp | 18.2 bp −$18 | 27.0 bp −$270 | 105.6 bp −$10.6K | 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 | 2.9961 | +0.057% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0024% | 1h | 2.9930 | −0.047% | $656K | $120K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 2.9950 | +0.020% | $618K | $412K | 10x | |
| Vest NG-PERP | +0.0046% | 1h | 2.8310 | −5.457% | — | $378 | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9942 | −0.007% | $68K | $34K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.147% | $36K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 2.9900 | −0.147% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9950 | +0.020% | $1.5M | $103K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0224% | 8h | 2.9971 | +0.090% | $5K | — | 5x | as long as short |
| Gate NG_USDT | +0.0230% | 8h | 2.9960 | +0.054% | $1.5M | $385K | 100x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Vest NG-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Paradex NG-USD-PERP
Gate NG_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended XNG-USD | +0.0320% | 1h | 2.9924 | −0.066% | $113K | $1.2M | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0384% | 1h | 2.9955 | +0.037% | $35K | — | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0416% / S −0.0333% | 1h | 2.9945 | +0.003% | $93K | — | 25x | as long as short |
| BloFin NG-USDT | +0.0448% | 8h | 2.9910 | −0.113% | $84K | $190K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0450% | 8h | 2.9920 | −0.080% | $895K | $1.8M | 50x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0457% | 1h | 2.9952 | +0.027% | $5.9M | $6.8M | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0490% | 4h | 2.9920 | −0.080% | $1.0M | $1.3M | 20x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0510% | 1h | 2.9929 | −0.050% | $84K | $66K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0785% | 4h | 2.9965 | +0.070% | $98K | $218K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0852% | 4h | 2.9940 | −0.013% | $13K | $255K | 25x | as long as short |
| Aster NATGASUSDT | +0.0863% | 4h | 2.9940 | −0.013% | $265K | $105K | 50x | as long as short |
| Variational Omni NATGASlong | +0.0870% | 4h | 2.9944 | long leg | $310K | $491K | — | |
| Binance NATGASUSDT | +0.0928% | 4h | 2.9944 | +0.001% | $10.1M | $33.1M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0930% | 4h | 2.9944 | −0.001% | $85K | $213K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1128% | 1h | 2.9966 | +0.075% | $52K | $55K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1184% | 4h | 2.9910 | −0.113% | $9.9M | $4.3M | 100x | as long as short |
Extended XNG-USD
Hotstuff NATGAS-PERP
GMX NATGAS/USD [ETH-USDC]
BloFin NG-USDT
OKX NG-USDT-SWAP
tradeXYZ xyz:NATGAS
KuCoin NATGASUSDTM
Ondo Perps NATGAS-USD.P
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
Binance NATGASUSDT
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT