Funding you earn now, next payment 07:00 UTC−0.0602%/8h= −65.9% APRpaid last 24h −0.093%
Price spread now: Lighter against Gate−0.076%7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$530.526% of the position
Funding, last 7 days+0.296%+$30 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.076%, 7d avg −0.136%
=Together, before fees+0.389%+ Points / potential airdropLighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.060% dearer against Gate than usual: you sell high and buy low (spread −0.076% now, against its 7-day average of −0.136%): +$6 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.296%, 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 0.296% in total (about 15.5% 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 | Gate NG_USDT | 3.0100 | 0.0634 | pay 0.0634% / 8h | 1h 39m | $1.5M | $196K | 100x |
| Short | Lighter NATGAS | 3.0077 | 0.0032 | get 0.0004% / 1h | 39m 23s | $630K | $502K | 10x |
Gate NG_USDT
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- −$126.42
- Price spread: −0.076% → −0.136%
- $5.96
- Slippage, 4 orders
- −$37.55
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$173.01
- Costs to cover
- 0.526%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 61 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 Gate live order book, 3 min ago | 1.66 bp | 24.9 bp −$25 | 63.2 bp −$632 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 61 min ago | 0.83 bp | 11.1 bp −$11 | 21.1 bp −$211 | 89.0 bp −$8,896 | 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 | 3.0092 | −0.027% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0002% | 1h | 3.0070 | −0.100% | $660K | $96K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0077 | −0.076% | $630K | $502K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0059 | −0.136% | $111K | $294K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0037% | 4h | 3.0085 | −0.050% | $107K | $205K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0070 | −0.100% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0089 | −0.037% | $83K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0057% | 8h | 3.0093 | −0.024% | $5K | — | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0066% | 1h | 3.0071 | −0.096% | $6.0M | $5.5M | 10x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0050 | −0.166% | $68K | $33K | 10x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
tradeXYZ xyz:NATGAS
Pacifica NATGASShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | 0.000% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0100 | 0.000% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0080 | −0.066% | $1.5M | $93K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0134% | 4h | 3.0063 | −0.123% | $22K | $210K | 25x | as long as short |
| Hotstuff NATGAS-PERP | +0.0144% | 1h | 3.0073 | −0.090% | $35K | — | 20x | as long as short |
| KuCoin NATGASUSDTM | +0.0276% | 4h | 3.0060 | −0.133% | $1.0M | $927K | 20x | as long as short |
| Aster NATGASUSDT | +0.0290% | 4h | 3.0094 | −0.021% | $265K | $70K | 50x | as long as short |
| Variational Omni NATGAS | +0.0512% | 4h | 3.0070 | −0.101% | $317K | $432K | — | as long as short |
| Binance NATGASUSDT | +0.0534% | 4h | 3.0075 | −0.081% | $10.3M | $28.6M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0535% | 4h | 3.0067 | −0.109% | $85K | $212K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0546% / S −0.0551% | 1h | 3.0075 | −0.083% | $88K | — | 45x | as long as short |
| Gate NG_USDTlong | +0.0634% | 8h | 3.0100 | long leg | $1.5M | $196K | 100x | |
| BloFin NG-USDT | +0.0643% | 8h | 3.0060 | −0.133% | $82K | $195K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0651% | 8h | 3.0080 | −0.066% | $875K | $1.8M | 50x | as long as short |
| Bitget NATGASUSDT | +0.0960% | 4h | 3.0050 | −0.166% | $9.9M | $3.1M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0986% | 1h | 3.0088 | −0.040% | $56K | $35K | 20x | as long as short |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
Hotstuff NATGAS-PERP
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
BloFin NG-USDT
OKX NG-USDT-SWAP
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD