Funding you earn now, next payment 05:00 UTC+0.0634%/8h= +69.4% APRpaid last 24h +0.118%
Price spread now: Binance against Lighter+0.020%7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Funding, last 7 days−0.459%−$46 on $10k
+Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.020%, 7d avg +0.131%
=Together, before fees−0.613%+ Points / potential airdropLighter: Season 3 · farm board−$61 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.111% cheaper against Lighter than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.131%). If the spread goes back, that is −$11 on $10k: about 14 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −0.459%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NATGAS | 3.0044 | 0.0032 | pay 0.0004% / 1h | 5m 40s | $629K | $503K | 10x |
| Short | Binance NATGASUSDT | 3.0050 | 0.0666 | get 0.0333% / 4h | 3h 05m | $10.3M | $28.2M | 100x |
Lighter NATGAS
Binance NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $133.04
- Price spread: +0.020% → +0.131%
- −$11.11
- Slippage, 4 orders
- −$8.95
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $102.99
- Costs to cover
- 0.189%
- Break-even
- 1.6 days
Slippage from Lighter: live order book, 40 min ago; Binance: live order book, 6 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 Lighter live order book, 40 min ago | 0.67 bp | 0.7 bp −$1 | 19.1 bp −$191 | 94.2 bp −$9,422 | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.66 bp | 6.7 bp −$7 | 11.1 bp −$111 | 40.2 bp −$4,022 | 136.0 bp −$68.0K |
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 | 3.0082 | +0.126% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0040 | −0.013% | $659K | $96K | 20x | as long as short |
| Lighter NATGASlong | +0.0032% | 1h | 3.0044 | long leg | $629K | $503K | 10x | |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0047 | +0.010% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.020% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0080 | +0.120% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0095% | 1h | 3.0046 | +0.007% | $6.0M | $5.6M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0097% | 8h | 3.0061 | +0.056% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0040 | −0.013% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.146% | $37K | $218K | 50x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
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 | −0.146% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | +0.053% | $1.5M | $93K | 10x | as long as short |
| Extended XNG-USD | +0.0216% | 1h | 3.0036 | −0.025% | $110K | $364K | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0364% | 4h | 3.0040 | −0.013% | $1.0M | $982K | 20x | as long as short |
| Aster NATGASUSDT | +0.0432% | 4h | 3.0060 | +0.053% | $264K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0462% | 4h | 3.0056 | +0.039% | $13K | $223K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0489% / S −0.0432% | 1h | 3.0065 | +0.070% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDT | +0.0518% | 4h | 3.0085 | +0.136% | $107K | $212K | 75x | as long as short |
| Gate NG_USDT | +0.0556% | 8h | 3.0090 | +0.153% | $1.5M | $193K | 100x | as long as short |
| BloFin NG-USDT | +0.0585% | 8h | 3.0080 | +0.120% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0611% | 8h | 3.0050 | +0.020% | $867K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0642% | 4h | 3.0060 | +0.052% | $317K | $449K | — | as long as short |
| Binance NATGASUSDTshort | +0.0666% | 4h | 3.0050 | +0.020% | $10.3M | $28.2M | 100x | |
| edgeX NATGASUSDC | +0.0676% | 4h | 3.0070 | +0.085% | $85K | $212K | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0854% | 1h | 3.0079 | +0.117% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1038% | 4h | 3.0030 | −0.047% | $9.9M | $3.2M | 100x | as long as short |
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Extended XNG-USD
KuCoin NATGASUSDTM
Aster NATGASUSDT
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
HTX NATGAS-USDT
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
edgeX NATGASUSDC
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT