Funding you earn now, next payment 04:00 UTC+0.0968%/8h= +106.0% APRpaid last 24h +0.234%
Price spread now: Bitget against Lighter−0.067%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days+0.315%+$32 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.067%, 7d avg +0.063%
=Together, before fees+0.132%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.129% cheaper against Lighter than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.063%). If the spread goes back, that is −$13 on $10k: about 11 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.315% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.315% in total (about 16.4% 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 | Lighter NATGAS | 3.0050 | 0.0032 | pay 0.0004% / 1h | 36m 55s | $619K | $494K | 10x |
| Short | Bitget NATGASUSDT | 3.0030 | 0.1000 | get 0.0500% / 4h | 36m 55s | $9.9M | $3.3M | 100x |
Lighter NATGAS
Bitget NATGASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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
- $203.28
- Price spread: −0.067% → +0.063%
- −$12.92
- Slippage, 4 orders
- −$20.62
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $157.74
- Costs to cover
- 0.326%
- Break-even
- 1.6 days
Slippage from Lighter: live order book, 13 min ago; Bitget: live order book, 2 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 Lighter live order book, 13 min ago | 0.83 bp | 6.5 bp −$7 | 16.0 bp −$160 | 85.0 bp −$8,496 | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.66 bp | 10.0 bp −$10 | 20.2 bp −$202 | 79.9 bp −$7,994 | doesn't fit |
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 | 2.8469 | −5.261% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.073% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0022% | 1h | 3.0040 | −0.033% | $659K | $85K | 20x | as long as short |
| Lighter NATGASlong | +0.0032% | 1h | 3.0050 | long leg | $619K | $494K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0037 | −0.043% | $110K | $434K | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0032% | 1h | 3.0054 | +0.013% | $35K | — | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | 0.000% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0080 | +0.100% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0056% | 8h | 3.0061 | +0.036% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 3.0048 | −0.007% | $68K | $33K | 10x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Hotstuff NATGAS-PERP
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Pacifica NATGASShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.166% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.166% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0050 | 0.000% | $1.5M | $94K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0107% | 1h | 3.0050 | 0.000% | $6.0M | $5.9M | 10x | as long as short |
| HTX NATGAS-USDT | +0.0214% | 4h | 3.0073 | +0.077% | $105K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0344% | 4h | 3.0050 | 0.000% | $25K | $227K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0366% | 4h | 3.0040 | −0.033% | $1.1M | $1.0M | 20x | as long as short |
| Aster NATGASUSDT | +0.0405% | 4h | 3.0043 | −0.024% | $266K | $73K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0448% / S −0.0387% | 1h | 3.0055 | +0.017% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0455% | 8h | 3.0080 | +0.100% | $1.5M | $192K | 100x | as long as short |
| BloFin NG-USDT | +0.0466% | 8h | 3.0050 | 0.000% | $80K | $189K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0482% | 8h | 3.0050 | 0.000% | $855K | $1.7M | 50x | as long as short |
| Variational Omni NATGAS | +0.0594% | 4h | 3.0059 | +0.031% | $312K | $444K | — | as long as short |
| edgeX NATGASUSDC | +0.0618% | 4h | 3.0060 | +0.032% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0621% | 4h | 3.0050 | 0.000% | $10.2M | $28.6M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0993% | 1h | 3.0065 | +0.049% | $54K | $34K | 20x | as long as short |
| Bitget NATGASUSDTshort | +0.1000% | 4h | 3.0030 | −0.067% | $9.9M | $3.3M | 100x |
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
tradeXYZ xyz:NATGAS
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
BloFin NG-USDT
OKX NG-USDT-SWAP
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
Kraken Futures PF_NATGASUSD