Funding you earn now, next payment 04:00 UTC−0.0421%/8h= −46.1% APRnext payment −$0.53 per $10,000 · paid last 24h −0.140%
Price spread now: Lighter against GMX−0.027%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Lighter is 0.027% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NATGAS/USD [ETH-USDC] | 3.0055 | L +0.0453% / S −0.0393% | pay 0.0057% / 1h | 33m 58s | $92K | — | 45x |
| Short | Lighter NATGAS | 3.0047 | 0.0032 | get 0.0004% / 1h | 33m 58s | $619K | $494K | 10x |
GMX NATGAS/USD [ETH-USDC]
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$88.42
- Price spread: −0.027% → 0.000%
- −$2.66
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$103.08
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 16 min ago | 0.83 bp | 5.4 bp −$5 | 19.0 bp −$190 | 80.9 bp −$8,093 | doesn't fit |
GMX: 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 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 | 3.0072 | +0.057% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0040 | −0.050% | $659K | $85K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0047 | −0.027% | $619K | $494K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0038 | −0.057% | $110K | $429K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0040% | 1h | 3.0053 | −0.007% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | −0.017% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0040 | −0.050% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0056 | +0.003% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0045 | −0.033% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.183% | $37K | $216K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-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 | −0.183% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | +0.017% | $1.5M | $94K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0117% | 1h | 3.0050 | −0.017% | $6.0M | $5.9M | 10x | as long as short |
| HTX NATGAS-USDT | +0.0216% | 4h | 3.0076 | +0.070% | $105K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0348% | 4h | 3.0041 | −0.046% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0372% | 4h | 3.0040 | −0.050% | $1.1M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0407% | 4h | 3.0043 | −0.041% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC]long | L +0.0453% / S −0.0393% | 1h | 3.0055 | long leg | $92K | — | 45x | |
| Gate NG_USDT | +0.0458% | 8h | 3.0080 | +0.083% | $1.5M | $192K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0490% | 8h | 3.0050 | −0.017% | $855K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0510% | 8h | 3.0050 | −0.017% | $80K | $188K | 20x | as long as short |
| Variational Omni NATGAS | +0.0601% | 4h | 3.0050 | −0.017% | $312K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0623% | 4h | 3.0051 | −0.014% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0624% | 4h | 3.0056 | +0.002% | $10.2M | $28.6M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0993% | 1h | 3.0068 | +0.042% | $54K | $34K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1004% | 4h | 3.0020 | −0.116% | $9.9M | $3.3M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
tradeXYZ xyz:NATGAS
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT