Funding you earn now, next payment 12:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.102%
Price spread now: Lighter against Gate−0.080%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.080%, 7d avg −0.133%
=Together, before fees+0.405%+ Points / potential airdropLighter: Season 3 · farm board+$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.053% dearer against Gate than usual: you sell high and buy low (spread −0.080% now, against its 7-day average of −0.133%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.267%, 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 | Gate NG_USDT | 3.0010 | 0.0317 | pay 0.0317% / 8h | 4h 55m | $1.5M | $157K | 100x |
| Short | Lighter NATGAS | 2.9986 | 0.0032 | get 0.0004% / 1h | 55m 19s | $646K | $703K | 10x |
Gate NG_USDT
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- −$59.85
- Price spread: −0.080% → −0.133%
- $5.28
- Slippage, 4 orders
- −$28.71
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$98.28
- Costs to cover
- 0.437%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 43 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 Gate live order book, 5 min ago | 1.67 bp | 18.0 bp −$18 | 54.0 bp −$540 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 43 min ago | 1.83 bp | 5.7 bp −$6 | 11.5 bp −$115 | 67.6 bp −$6,758 | doesn't fit |
NATGAS on 27 exchanges
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 | −0.1600% | 1h | 3.0000 | −0.033% | $36K | $599 | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | 0.0000% | 4h | 2.9990 | −0.067% | $14K | $194K | 25x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8359 | −5.501% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0012 | +0.007% | $2K | $1.6M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0007 | −0.010% | $118K | $219K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0003% | 1h | 2.9980 | −0.100% | $594K | $101K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 2.9986 | −0.080% | $646K | $703K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 2.9976 | −0.113% | $123K | $371K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9980 | −0.100% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9982 | −0.093% | $6.0M | $4.9M | 10x | as long as short |
Hotstuff NATGAS-PERP
GRVT NATGAS_USDT_Perp
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGASShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9969 | −0.137% | $84K | $28K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0050% | 8h | 2.9985 | −0.083% | $5K | — | 5x | as long as short |
| Aster NATGASUSDT | +0.0087% | 4h | 3.0000 | −0.033% | $258K | $74K | 50x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9973 | −0.123% | $68K | $39K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 2.9970 | −0.133% | $1.1M | $755K | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.033% | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9990 | −0.067% | $1.5M | $94K | 10x | as long as short |
| Variational Omni NATGAS | +0.0182% | 4h | 2.9987 | −0.076% | $355K | $419K | — | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0241% | 1h | 2.9988 | −0.074% | $53K | $47K | 20x | as long as short |
| Binance NATGASUSDT | +0.0241% | 4h | 2.9990 | −0.067% | $10.0M | $32.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0247% | 4h | 2.9994 | −0.053% | $85K | $210K | 20x | as long as short |
| Gate NG_USDTlong | +0.0317% | 8h | 3.0010 | long leg | $1.5M | $157K | 100x | |
| BloFin NG-USDT | +0.0347% | 8h | 2.9990 | −0.067% | $80K | $201K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0356% | 8h | 2.9980 | −0.100% | $835K | $2.0M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0403% / S −0.0375% | 1h | 2.9985 | −0.083% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0796% | 4h | 2.9960 | −0.167% | $9.9M | $2.7M | 100x | as long as short |
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Aster NATGASUSDT
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Variational Omni NATGAS
Kraken Futures PF_NATGASUSD
Binance NATGASUSDT
edgeX NATGASUSDC
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT