Funding you earn now, next payment 02:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.063%
Price spread now: Lighter against KuCoin+0.037%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$420.423% of the position
Funding, last 7 days+0.551%+$55 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.037%, 7d avg −0.073%
=Together, before fees+0.603%+ Points / potential airdropLighter: Season 3 · farm board+$60 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.110% dearer against KuCoin than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.073%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.551%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NATGASUSDTM | 2.9990 | 0.0172 | pay 0.0086% / 4h | 2h 13m | $1.0M | $1.1M | 20x |
| Short | Lighter NATGAS | 3.0001 | 0.0032 | get 0.0004% / 1h | 13m 16s | $618K | $445K | 10x |
KuCoin NATGASUSDTM
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$29.4
- Price spread: +0.037% → −0.073%
- $10.98
- Slippage, 4 orders
- −$30.29
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$60.72
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Lighter: live order book, 47 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 KuCoin live order book, 2 min ago | 1.67 bp | 17.6 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 47 min ago | 1.16 bp | 3.1 bp −$3 | 21.3 bp −$213 | 88.1 bp −$8,807 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8359 | −5.438% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0011 | +0.070% | $2K | $2.5M | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.0008% | 1h | 2.9987 | −0.010% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | +0.0019% | 1h | 2.9990 | 0.000% | $658K | $86K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0001 | +0.037% | $618K | $445K | 10x | |
| Vest NG-PERP | +0.0046% | 1h | 2.9990 | 0.000% | — | $378 | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9987 | −0.010% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0030 | +0.133% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0072% | 8h | 2.9999 | +0.031% | $5K | — | 5x | as long as short |
| Extended XNG-USD | +0.0072% | 1h | 2.9977 | −0.045% | $110K | $449K | 5x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Extended XNG-USDShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9993 | +0.010% | $68K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | +0.033% | $37K | $218K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.033% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0000 | +0.033% | $1.5M | $95K | 10x | as long as short |
| KuCoin NATGASUSDTMlong | +0.0172% | 4h | 2.9990 | long leg | $1.0M | $1.1M | 20x | |
| Aster NATGASUSDT | +0.0238% | 4h | 2.9985 | −0.017% | $265K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0247% | 4h | 3.0005 | +0.050% | $98K | $212K | 75x | as long as short |
| OKX NG-USDT-SWAP | +0.0355% | 8h | 3.0000 | +0.033% | $860K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0384% | 4h | 3.0009 | +0.065% | $311K | $444K | — | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0416% | 4h | 3.0019 | +0.096% | $12K | $214K | 25x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0423% / S −0.0360% | 1h | 2.9995 | +0.017% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0431% | 8h | 3.0020 | +0.100% | $1.5M | $219K | 100x | as long as short |
| edgeX NATGASUSDC | +0.0440% | 4h | 3.0009 | +0.065% | $85K | $213K | 20x | as long as short |
| Binance NATGASUSDT | +0.0450% | 4h | 2.9994 | +0.015% | $10.2M | $29.1M | 100x | as long as short |
| Bitget NATGASUSDT | +0.0702% | 4h | 2.9980 | −0.033% | $9.9M | $3.4M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0826% | 1h | 3.0007 | +0.056% | $53K | $38K | 20x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
HTX NATGAS-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
GRVT NATGAS_USDT_Perp
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
edgeX NATGASUSDC
Binance NATGASUSDT
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD