Funding you earn now, next payment 03:00 UTC−0.0251%/8h= −27.5% APRpaid last 24h −0.063%
Price spread now: Lighter against Aster+0.049%7-day average −0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$890.891% of the position
Funding, last 7 days+0.670%+$67 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.049%, 7d avg −0.131%
=Together, before fees+0.610%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$61 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.180% dearer against Aster than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.131%): +$18 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.670%, 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 | Aster NATGASUSDT | 3.0007 | 0.0283 | pay 0.0142% / 4h | 1h 51m | $265K | $73K | 50x |
| Short | Lighter NATGAS | 3.0022 | 0.0032 | get 0.0004% / 1h | 51m 31s | $619K | $445K | 10x |
Aster NATGASUSDT
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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
- −$52.77
- Price spread: +0.049% → −0.131%
- $17.97
- Slippage, 4 orders
- −$81.07
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$123.88
- Costs to cover
- 0.891%
- Break-even
- never at this rate
Slippage from Aster: live order book, 10 min ago; Lighter: live order book, 4 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 Aster live order book, 10 min ago | 6.66 bp | 68.3 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.83 bp | 1.5 bp −$1 | 21.3 bp −$213 | 85.9 bp −$8,592 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8384 | −5.410% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0032 | +0.082% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 3.0010 | +0.009% | $658K | $85K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0022 | +0.049% | $619K | $445K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 2.9998 | −0.032% | $110K | $442K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.009% | — | $378 | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0031 | +0.079% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0020 | +0.043% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0072% | 1h | 3.0010 | +0.009% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0092% | 1h | 3.0009 | +0.006% | $5.9M | $5.9M | 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
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9998 | −0.031% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.024% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.024% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.042% | $1.5M | $95K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0220% | 4h | 3.0031 | +0.079% | $98K | $211K | 75x | as long as short |
| KuCoin NATGASUSDTM | +0.0266% | 4h | 3.0010 | +0.009% | $1.0M | $1.1M | 20x | as long as short |
| Aster NATGASUSDTlong | +0.0283% | 4h | 3.0007 | long leg | $265K | $73K | 50x | |
| GRVT NATGAS_USDT_Perp | +0.0370% | 4h | 3.0010 | +0.009% | $12K | $214K | 25x | as long as short |
| OKX NG-USDT-SWAP | +0.0384% | 8h | 3.0020 | +0.042% | $862K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.0408% | 8h | 3.0040 | +0.109% | $1.5M | $208K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0426% / S −0.0364% | 1h | 3.0015 | +0.026% | $92K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0440% | 4h | 3.0010 | +0.009% | $311K | $444K | — | as long as short |
| Binance NATGASUSDT | +0.0502% | 4h | 3.0010 | +0.009% | $10.2M | $28.9M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0510% | 4h | 3.0010 | +0.009% | $85K | $212K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0816% | 4h | 3.0000 | −0.024% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1109% | 1h | 3.0024 | +0.055% | $53K | $36K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
KuCoin NATGASUSDTM
GRVT NATGAS_USDT_Perp
OKX NG-USDT-SWAP
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD