Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: Lighter against Extended+0.011%7-day average −0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs+$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 7 days+0.577%+$58 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.011%, 7d avg −0.096%
=Together, before fees+0.611%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$61 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.106% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XNG-USD | 3.0029 | 0.0032 | pay 0.0004% / 1h | 2m 45s | $141K | $349K | 5x |
| Short | Lighter NATGAS | 3.0032 | 0.0032 | get 0.0004% / 1h | 2m 45s | $677K | $764K | 10x |
Extended XNG-USD
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $0
- Price spread: +0.011% → −0.096%
- $10.64
- Slippage, 4 orders
- −$24.35
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$18.71
- Costs to cover
- 0.293%
- Break-even
- never at this rate
Slippage from Extended: live order book, 47 min ago; Lighter: live order book, 44 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 Extended live order book, 47 min ago | 1.00 bp | 4.2 bp −$4 | 8.5 bp −$85 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 44 min ago | 2.34 bp | 18.3 bp −$18 | 27.5 bp −$275 | 104.2 bp −$10.4K | doesn't fit |
NATGAS on 27 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.1600% | 1h | 3.0041 | +0.041% | $35K | — | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | 0.0000% | 4h | 2.9960 | −0.229% | $20K | $208K | 25x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8374 | −5.511% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.111% | $2K | $1.8M | 20x | as long as short |
| HTX NATGAS-USDT | 0.0000% | 4h | 3.0029 | +0.001% | $118K | $221K | 75x | as long as short |
| Aster NATGASUSDT | +0.0018% | 4h | 3.0030 | +0.004% | $259K | $73K | 50x | as long as short |
| QFEX NATGAS-USD | +0.0024% | 1h | 3.0040 | +0.037% | $661K | $98K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0032 | +0.011% | $677K | $764K | 10x | |
| Extended XNG-USDlong | +0.0032% | 1h | 3.0029 | long leg | $141K | $349K | 5x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.071% | — | $14K | 10x | as long as short |
Hotstuff NATGAS-PERP
GRVT NATGAS_USDT_Perp
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
HTX NATGAS-USDT
Aster NATGASUSDT
QFEX NATGAS-USD
Vest NG-PERPShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0030 | +0.004% | $6.0M | $5.0M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0013 | −0.053% | $84K | $28K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0052% | 8h | 3.0054 | +0.084% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0019 | −0.033% | $68K | $39K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.096% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.096% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.029% | $1.5M | $92K | 10x | as long as short |
| Variational Omni NATGAS | +0.0151% | 4h | 2.9938 | −0.302% | $355K | $429K | — | as long as short |
| KuCoin NATGASUSDTM | +0.0172% | 4h | 3.0010 | −0.063% | $1.1M | $812K | 20x | as long as short |
| Binance NATGASUSDT | +0.0196% | 4h | 3.0034 | +0.018% | $9.7M | $31.7M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0225% | 4h | 2.9950 | −0.263% | $85K | $212K | 20x | as long as short |
| Gate NG_USDT | +0.0276% | 8h | 3.0040 | +0.037% | $1.5M | $205K | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0297% | 1h | 3.0046 | +0.059% | $55K | $46K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0385% | 8h | 3.0030 | +0.004% | $836K | $2.0M | 50x | as long as short |
| BloFin NG-USDT | +0.0398% | 8h | 3.0020 | −0.029% | $80K | $200K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0493% / S −0.0486% | 1h | 3.0055 | +0.087% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0732% | 4h | 2.9990 | −0.129% | $9.9M | $2.9M | 100x | as long as short |
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Variational Omni NATGAS
KuCoin NATGASUSDTM
Binance NATGASUSDT
edgeX NATGASUSDC
Gate NG_USDT
Kraken Futures PF_NATGASUSD
OKX NG-USDT-SWAP
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT