Funding you earn now, next payment 06:00 UTC−0.0620%/8h= −67.9% APRpaid last 24h −0.081%
Price spread now: Lighter against BloFin−0.027%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Funding, last 7 days+0.387%+$39 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.027%, 7d avg −0.084%
=Together, before fees+0.473%+ Points / potential airdropLighter: Season 3 · farm board+$47 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.057% dearer against BloFin than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.084%): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.387%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.387% in total (about 20.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NG-USDT | 3.0070 | 0.0652 | pay 0.0652% / 8h | 2h 09m | $81K | $195K | 20x |
| Short | Lighter NATGAS | 3.0062 | 0.0032 | get 0.0004% / 1h | 9m 16s | $629K | $504K | 10x |
BloFin NG-USDT
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$130.21
- Price spread: −0.027% → −0.084%
- $5.72
- Slippage, 4 orders
- −$25.4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$161.89
- Costs to cover
- 0.374%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Lighter: live order book, 31 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 BloFin live order book, 6 min ago | 3.33 bp | 11.7 bp −$12 | 14.4 bp −$144 | 56.4 bp −$5,640 | doesn't fit |
| Sell Lighter live order book, 31 min ago | 0.83 bp | 11.1 bp −$11 | 21.1 bp −$211 | 89.0 bp −$8,896 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8454 | −5.374% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.040% | $2K | $2.4M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0016% | 1h | 3.0073 | +0.010% | $35K | — | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0062 | −0.027% | $629K | $504K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0054 | −0.055% | $110K | $333K | 5x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0050 | −0.067% | $660K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0060 | −0.033% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0049 | −0.070% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0060% | 1h | 3.0062 | −0.027% | $6.0M | $5.5M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0076 | +0.018% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
Extended XNG-USD
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
tradeXYZ xyz:NATGAS
Paradex NG-USD-PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0059 | −0.037% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.233% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.233% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0070 | 0.000% | $1.5M | $93K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0135% | 4h | 3.0081 | +0.037% | $107K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0170% | 4h | 3.0052 | −0.060% | $13K | $212K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0318% | 4h | 3.0050 | −0.067% | $1.0M | $945K | 20x | as long as short |
| Aster NATGASUSDT | +0.0340% | 4h | 3.0079 | +0.029% | $265K | $75K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0528% / S −0.0528% | 1h | 3.0065 | −0.017% | $88K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.0561% | 4h | 3.0060 | −0.034% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0582% | 4h | 3.0062 | −0.026% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0592% | 4h | 3.0060 | −0.034% | $85K | $212K | 20x | as long as short |
| Gate NG_USDT | +0.0611% | 8h | 3.0090 | +0.067% | $1.5M | $196K | 100x | as long as short |
| BloFin NG-USDTlong | +0.0652% | 8h | 3.0070 | long leg | $81K | $195K | 20x | |
| OKX NG-USDT-SWAP | +0.0653% | 8h | 3.0050 | −0.067% | $867K | $1.7M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0988% | 4h | 3.0040 | −0.100% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1181% | 1h | 3.0083 | +0.043% | $56K | $35K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD