NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.008%

Price spread now: Hotstuff against Lighter−0.040%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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 · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.040% cheaper against Lighter than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter NATGAS	3.0014	0.0032	pay 0.0004% / 1h	40m 55s	$626K	$501K	10x
Short	Hotstuff NATGAS-PERP	3.0002	0.0072	get 0.0009% / 1h	40m 55s	$35K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee HotstuffbpOrdersPrice spread, now −0.040%Rate

Funding earned: $8.4
Price spread: −0.040% → 0.000%: −$4
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$0.6
Costs to cover: 0.050%
Break-even: 7.5 days

Slippage unknown: Lighter: live order book, 4 min ago; Hotstuff: no order-book sample. 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 Lighter live order book, 4 min ago	0.67 bp	0.7 bp −$1	19.1 bp −$191	94.2 bp −$9,422	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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 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	2.8414	−5.331%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0031	+0.057%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0009%	1h	3.0020	+0.020%	$669K	$91K	20x	as long as short
Lighter NATGASlong	+0.0032%	1h	3.0014	long leg	$626K	$501K	10x
Extended XNG-USD	+0.0032%	1h	3.0004	−0.034%	$110K	$395K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0010	−0.013%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	2.9999	−0.050%	$82K	$26K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0057%	1h	3.0009	−0.017%	$6.0M	$5.7M	10x	as long as short
Hotstuff NATGAS-PERPshort	+0.0072%	1h	3.0002	−0.040%	$35K	—	20x
Paradex NG-USD-PERP	+0.0075%	8h	3.0027	+0.045%	$5K	—	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	2.9985	−0.097%	$68K	$33K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.047%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.047%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0020	+0.020%	$1.5M	$93K	10x	as long as short
KuCoin NATGASUSDTM	+0.0326%	4h	3.0010	−0.013%	$1.0M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0374%	4h	3.0044	+0.099%	$264K	$74K	50x	as long as short
HTX NATGAS-USDT	+0.0403%	4h	3.0054	+0.133%	$107K	$214K	75x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0472% / S −0.0414%	1h	3.0025	+0.037%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0531%	8h	3.0050	+0.120%	$1.5M	$192K	100x	as long as short
OKX NG-USDT-SWAP	+0.0557%	8h	3.0010	−0.013%	$861K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0576%	4h	3.0020	+0.019%	$316K	$449K	—	as long as short
BloFin NG-USDT	+0.0580%	8h	2.9990	−0.080%	$81K	$191K	20x	as long as short
GRVT NATGAS_USDT_Perp	+0.0596%	4h	3.0017	+0.010%	$12K	$230K	25x	as long as short
Binance NATGASUSDT	+0.0598%	4h	3.0022	+0.028%	$10.2M	$28.4M	100x	as long as short
edgeX NATGASUSDC	+0.0617%	4h	3.0012	−0.007%	$85K	$211K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.0856%	1h	3.0040	+0.087%	$56K	$35K	20x	as long as short
Bitget NATGASUSDT	+0.0978%	4h	2.9990	−0.080%	$9.9M	$3.2M	100x	as long as short