Funding you earn now, next payment 04:00 UTC−0.0561%/8h= −61.4% APRpaid last 24h −0.105%
Price spread now: Lighter against Binance+0.010%7-day average −0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs+$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 7 days+0.488%+$49 on $10k
+Price spread, last 4 days (all we have)−0.155%−$15 · spread now +0.010%, 7d avg −0.132%
=Together, before fees+0.333%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.142% dearer against Binance than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.132%): +$14 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.488%, 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 | Binance NATGASUSDT | 3.0026 | 0.0593 | pay 0.0296% / 4h | 10m 56s | $10.2M | $28.5M | 100x |
| Short | Lighter NATGAS | 3.0029 | 0.0032 | get 0.0004% / 1h | 10m 56s | $619K | $494K | 10x |
Binance NATGASUSDT
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$117.75
- Price spread: +0.010% → −0.132%
- $14.17
- Slippage, 4 orders
- −$15.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$128.83
- Costs to cover
- 0.253%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Lighter: live order book, 39 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 Binance live order book, 15 min ago | 1.66 bp | 6.7 bp −$7 | 10.3 bp −$103 | 54.6 bp −$5,462 | 155.1 bp −$77.5K |
| Sell Lighter live order book, 39 min ago | 0.83 bp | 5.4 bp −$5 | 19.0 bp −$190 | 80.9 bp −$8,093 | 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 | 2.8449 | −5.253% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.086% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0030 | +0.013% | $669K | $91K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0029 | +0.010% | $619K | $494K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0022 | −0.015% | $110K | $405K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.013% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0030 | +0.013% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0054% | 8h | 3.0049 | +0.076% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0073% | 1h | 3.0026 | 0.000% | $6.0M | $5.8M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0023 | −0.010% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.087% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.087% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | +0.013% | $1.5M | $94K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0162% | 4h | 3.0037 | +0.036% | $105K | $211K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.0208% | 1h | 3.0040 | +0.046% | $35K | — | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0318% | 4h | 3.0058 | +0.106% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0322% | 4h | 3.0010 | −0.054% | $1.0M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0376% | 4h | 3.0023 | −0.009% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0459% / S −0.0399% | 1h | 3.0035 | +0.030% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0491% | 8h | 3.0060 | +0.113% | $1.5M | $194K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0512% | 8h | 3.0030 | +0.013% | $860K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0537% | 8h | 3.0040 | +0.046% | $81K | $192K | 20x | as long as short |
| Variational Omni NATGAS | +0.0574% | 4h | 3.0029 | +0.011% | $317K | $449K | — | as long as short |
| Binance NATGASUSDTlong | +0.0593% | 4h | 3.0026 | long leg | $10.2M | $28.5M | 100x | |
| edgeX NATGASUSDC | +0.0622% | 4h | 3.0050 | +0.080% | $85K | $213K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0968% | 4h | 2.9990 | −0.120% | $9.9M | $3.3M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0994% | 1h | 3.0039 | +0.042% | $54K | $33K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
Hotstuff NATGAS-PERP
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD