Funding you earn now, next payment 00:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.117%
Price spread now: Lighter against Binance+0.053%7-day average −0.024% · 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−$18as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Funding, last 7 days+0.471%+$47 on $10k
+Price spread, last 2 days (all we have)−0.172%−$17 · spread now +0.053%, 7d avg −0.024%
=Together, before fees+0.299%+ Points / potential airdropLighter: Season 3 · farm board+$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.077% dearer against Binance than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.024%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 48 hours. Mind the row above: over the last 7 days funding on this pair paid +0.471%, 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 | Binance NATGASUSDT | 2.9952 | 0.0160 | pay 0.0080% / 4h | 12m 27s | $10.1M | $29.9M | 100x |
| Short | Lighter NATGAS | 2.9968 | 0.0032 | get 0.0004% / 1h | 12m 27s | $616K | $419K | 10x |
Binance NATGASUSDT
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$26.84
- Price spread: +0.053% → −0.024%
- $7.66
- Slippage, 4 orders
- −$15.46
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$44.64
- Costs to cover
- 0.255%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Lighter: live order book, 58 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 Binance live order book, 14 min ago | 1.67 bp | 6.7 bp −$7 | 12.2 bp −$122 | 37.6 bp −$3,760 | 133.4 bp −$66.7K |
| Sell Lighter live order book, 58 min ago | 0.50 bp | 3.7 bp −$4 | 18.0 bp −$180 | 91.8 bp −$9,179 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT NATGAS_USDT_Perp | 0.0000% | 4h | 2.9948 | −0.013% | $13K | $238K | 25x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8304 | −5.503% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9972 | +0.066% | $2K | $2.6M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 2.9987 | +0.116% | $98K | $212K | 75x | as long as short |
| QFEX NATGAS-USD | +0.0030% | 1h | 2.9950 | −0.007% | $657K | $86K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 2.9968 | +0.053% | $616K | $419K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 2.9943 | −0.029% | $110K | $453K | 5x | as long as short |
| Aster NATGASUSDT | +0.0033% | 4h | 2.9960 | +0.026% | $265K | $73K | 50x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9960 | +0.026% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9947 | −0.017% | $5.9M | $6.0M | 10x | as long as short |
GRVT NATGAS_USDT_Perp
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Aster NATGASUSDT
Vest NG-PERP
tradeXYZ xyz:NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9973 | +0.070% | $84K | $43K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0065% | 8h | 2.9954 | +0.007% | $5K | — | 5x | as long as short |
| Variational Omni NATGAS | +0.0080% | 4h | 2.9951 | −0.005% | $311K | $443K | — | as long as short |
| Hotstuff NATGAS-PERP | +0.0080% | 1h | 2.9950 | −0.007% | $35K | — | 20x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9951 | −0.003% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 2.9950 | −0.007% | $1.0M | $1.2M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.174% | $36K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.160% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9960 | +0.026% | $1.5M | $97K | 10x | as long as short |
| OKX NG-USDT-SWAP | +0.0121% | 8h | 2.9950 | −0.007% | $856K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0151% | 8h | 2.9960 | +0.026% | $80K | $189K | 20x | as long as short |
| Binance NATGASUSDTlong | +0.0160% | 4h | 2.9952 | long leg | $10.1M | $29.9M | 100x | |
| Gate NG_USDT | +0.0166% | 8h | 2.9970 | +0.060% | $1.5M | $285K | 100x | as long as short |
| edgeX NATGASUSDC | +0.0204% | 4h | 2.9951 | −0.005% | $85K | $213K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0254% | 4h | 2.9930 | −0.074% | $10.0M | $3.7M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0406% / S −0.0333% | 1h | 2.9955 | +0.009% | $93K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1217% | 1h | 2.9965 | +0.041% | $52K | $39K | 20x | as long as short |
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Variational Omni NATGAS
Hotstuff NATGAS-PERP
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Gate NG_USDT
edgeX NATGASUSDC
Bitget NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD