Funding you earn now, next payment 05:00 UTC−0.0644%/8h= −70.5% APRpaid last 24h −0.121%
Price spread now: Lighter against edgeX−0.085%109s7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days+0.436%+$44 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.085%, 7d avg −0.123%
=Together, before fees+0.565%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.038% dearer against edgeX than usual: you sell high and buy low (spread −0.085% now, against its 7-day average of −0.123%): +$4 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.436%, so the current rate has only just turned against you. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.436% in total (about 22.7% 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 | edgeX NATGASUSDC | 3.0070 | 0.0676 | pay 0.0338% / 4h | 3h 05m | $85K | $212K | 20x |
| Short | Lighter NATGAS | 3.0044 | 0.0032 | get 0.0004% / 1h | 5m 42s | $629K | $503K | 10x |
edgeX NATGASUSDC
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$135.24
- Price spread: −0.085% → −0.123%
- $3.78
- Slippage, 4 orders
- −$51.44
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$191.89
- Costs to cover
- 0.604%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 46 min ago; Lighter: live order book, 40 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 edgeX live order book, 46 min ago | 13.32 bp | 33.8 bp −$34 | 41.5 bp −$415 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 40 min ago | 0.67 bp | 5.0 bp −$5 | 16.0 bp −$160 | 71.6 bp −$7,165 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0082 | +0.042% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0009% | 1h | 3.0040 | −0.098% | $659K | $96K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0044 | −0.085% | $629K | $503K | 10x | |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0047 | −0.075% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | −0.065% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0080 | +0.035% | $83K | $26K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0095% | 1h | 3.0046 | −0.078% | $6.0M | $5.6M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0097% | 8h | 3.0061 | −0.029% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0040 | −0.098% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.231% | $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 | −0.231% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | −0.032% | $1.5M | $93K | 10x | as long as short |
| Extended XNG-USD | +0.0216% | 1h | 3.0036 | −0.110% | $110K | $364K | 5x | as long as short |
| KuCoin NATGASUSDTM | +0.0364% | 4h | 3.0040 | −0.098% | $1.0M | $982K | 20x | as long as short |
| Aster NATGASUSDT | +0.0432% | 4h | 3.0060 | −0.032% | $264K | $74K | 50x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0462% | 4h | 3.0056 | −0.046% | $13K | $223K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0489% / S −0.0432% | 1h | 3.0065 | −0.015% | $92K | — | 45x | as long as short |
| HTX NATGAS-USDT | +0.0518% | 4h | 3.0085 | +0.052% | $107K | $212K | 75x | as long as short |
| Gate NG_USDT | +0.0556% | 8h | 3.0090 | +0.068% | $1.5M | $193K | 100x | as long as short |
| BloFin NG-USDT | +0.0585% | 8h | 3.0080 | +0.035% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0611% | 8h | 3.0050 | −0.065% | $867K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0642% | 4h | 3.0060 | −0.032% | $317K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0666% | 4h | 3.0050 | −0.065% | $10.3M | $28.2M | 100x | as long as short |
| edgeX NATGASUSDClong | +0.0676% | 4h | 3.0070 | long leg | $85K | $212K | 20x | |
| Kraken Futures PF_NATGASUSD | +0.0854% | 1h | 3.0079 | +0.032% | $56K | $35K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1038% | 4h | 3.0030 | −0.131% | $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
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT