Funding you earn now, next payment 08:00 UTC+0.0544%/8h= +59.6% APRpaid last 24h +0.093%
Price spread now: Gate against Lighter+0.057%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$590.589% of the position
Funding, last 7 days−0.296%−$30 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.057%, 7d avg +0.135%
=Together, before fees−0.354%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.079% cheaper against Lighter than usual: you would sell low and buy high (spread +0.057% now, against its 7-day average of +0.135%). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.296%, so the current rate has only just turned in your favour.
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 | Lighter NATGAS | 3.0023 | 0.0032 | pay 0.0004% / 1h | 48m 04s | $630K | $494K | 10x |
| Short | Gate NG_USDT | 3.0040 | 0.0576 | get 0.0576% / 8h | 48m 04s | $1.5M | $195K | 100x |
Lighter NATGAS
Gate NG_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $114.24
- Price spread: +0.057% → +0.135%
- −$7.85
- Slippage, 4 orders
- −$43.88
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $47.51
- Costs to cover
- 0.589%
- Break-even
- 4.1 days
Slippage from Lighter: live order book, 47 min ago; Gate: live order book, 4 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, 47 min ago | 0.83 bp | 4.1 bp −$4 | 15.0 bp −$150 | 80.8 bp −$8,078 | doesn't fit |
| Sell Gate live order book, 4 min ago | 1.66 bp | 14.8 bp −$15 | 51.4 bp −$514 | doesn't fit | 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 | 3.0042 | +0.063% | $2K | $2.4M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0004% | 1h | 3.0020 | −0.010% | $659K | $96K | 20x | as long as short |
| Lighter NATGASlong | +0.0032% | 1h | 3.0023 | long leg | $630K | $494K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 3.0016 | −0.024% | $111K | $283K | 5x | as long as short |
| HTX NATGAS-USDT | +0.0036% | 4h | 3.0037 | +0.047% | $117K | $216K | 75x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | +0.023% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0011 | −0.040% | $6.0M | $5.3M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0010 | −0.043% | $82K | $26K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0052% | 8h | 3.0034 | +0.038% | $5K | — | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.0096% | 1h | 3.0014 | −0.030% | $35K | — | 20x | as long as short |
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
HTX NATGAS-USDT
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
Paradex NG-USD-PERP
Hotstuff NATGAS-PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 3.0008 | −0.050% | $68K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.077% | $37K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.077% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.010% | $1.5M | $92K | 10x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0122% | 4h | 3.0020 | −0.009% | $15K | $222K | 25x | as long as short |
| KuCoin NATGASUSDTM | +0.0202% | 4h | 3.0010 | −0.043% | $1.0M | $892K | 20x | as long as short |
| Aster NATGASUSDT | +0.0232% | 4h | 3.0016 | −0.024% | $264K | $65K | 50x | as long as short |
| Variational Omni NATGAS | +0.0450% | 4h | 3.0019 | −0.013% | $318K | $393K | — | as long as short |
| Binance NATGASUSDT | +0.0472% | 4h | 3.0019 | −0.014% | $10.3M | $28.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0484% | 4h | 3.0020 | −0.011% | $85K | $212K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0574% / S −0.0586% | 1h | 3.0025 | +0.007% | $88K | — | 45x | as long as short |
| Gate NG_USDTshort | +0.0576% | 8h | 3.0040 | +0.057% | $1.5M | $195K | 100x | |
| BloFin NG-USDT | +0.0629% | 8h | 3.0010 | −0.043% | $83K | $197K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0650% | 8h | 3.0010 | −0.043% | $868K | $1.7M | 50x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0862% | 1h | 3.0038 | +0.051% | $56K | $36K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0900% | 4h | 2.9990 | −0.110% | $9.9M | $3.1M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
GRVT NATGAS_USDT_Perp
KuCoin NATGASUSDTM
Aster NATGASUSDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
GMX NATGAS/USD [ETH-USDC]
BloFin NG-USDT
OKX NG-USDT-SWAP
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT