Funding you earn now, next payment 01:00 UTC−0.0968%/8h= −106.0% APRnext payment −$1.21 per $10,000 · paid last 24h −0.176%
Price spread now: Lighter against Kraken Futures−0.023%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Lighter is 0.023% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.160%, 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 0.160% in total (about 8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.21 per $10,000. 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 | Kraken Futures PF_NATGASUSD | 3.0044 | 0.1000 | pay 0.0125% / 1h | 59m 25s | $52K | $36K | 20x |
| Short | Lighter NATGAS | 3.0037 | 0.0032 | get 0.0004% / 1h | 59m 25s | $617K | $423K | 10x |
Kraken Futures PF_NATGASUSD
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- −$203.38
- Price spread: −0.023% → 0.000%
- −$2.26
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$215.64
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Lighter: live order book, 66 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 66 min ago | 1.17 bp | 4.4 bp −$4 | 18.2 bp −$182 | 96.4 bp −$9,637 | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 2.8384 | −5.525% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0052 | +0.027% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0015% | 1h | 3.0030 | −0.046% | $659K | $85K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0037 | −0.023% | $617K | $423K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0025 | −0.062% | $110K | $451K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.046% | — | $378 | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 3.0021 | −0.076% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0029 | −0.049% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0047 | +0.011% | $84K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0053% | 8h | 3.0037 | −0.023% | $5K | — | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
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 | 3.0028 | −0.051% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0020 | −0.079% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.146% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.146% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0030 | −0.046% | $1.5M | $95K | 10x | as long as short |
| Aster NATGASUSDT | +0.0113% | 4h | 3.0030 | −0.046% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0207% | 4h | 3.0052 | +0.027% | $98K | $212K | 75x | as long as short |
| Variational Omni NATGAS | +0.0215% | 4h | 3.0030 | −0.047% | $312K | $443K | — | as long as short |
| BloFin NG-USDT | +0.0255% | 8h | 2.9990 | −0.179% | $81K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0274% | 8h | 3.0020 | −0.079% | $864K | $1.7M | 50x | as long as short |
| Binance NATGASUSDT | +0.0298% | 4h | 3.0040 | −0.013% | $10.1M | $29.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0304% | 4h | 3.0030 | −0.046% | $85K | $213K | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0338% | 4h | 3.0024 | −0.067% | $25K | $200K | 25x | as long as short |
| Gate NG_USDT | +0.0393% | 8h | 3.0040 | −0.013% | $1.5M | $217K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0415% / S −0.0351% | 1h | 3.0035 | −0.029% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0436% | 4h | 3.0020 | −0.079% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSDlong | +0.1000% | 1h | 3.0044 | long leg | $52K | $36K | 20x |
Pacifica NATGAS
KuCoin NATGASUSDTM
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
BloFin NG-USDT
OKX NG-USDT-SWAP
Binance NATGASUSDT
edgeX NATGASUSDC
GRVT NATGAS_USDT_Perp
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT