NATGAS

Alert: funding

Alert: spread

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: Kraken Futures against Lighter+0.023%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

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 for this trade now. Funding pays +$29 a day on $10k at the current rate, and Kraken Futures is 0.023% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.160%, 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 -0.160% 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	Lighter NATGAS	3.0037	0.0032	pay 0.0004% / 1h	59m 41s	$617K	$423K	10x
Short	Kraken Futures PF_NATGASUSD	3.0044	0.1000	get 0.0125% / 1h	59m 41s	$52K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Kraken FuturesbpOrdersPrice spread, now +0.023%Rate

Funding earned: $203.38
Price spread: +0.023% → 0.000%: $2.26
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $195.64
Costs to cover: 0.100%
Break-even: 0.3 days

Slippage unknown: Lighter: live order book, 66 min ago; Kraken Futures: no order-book sample. 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 Lighter live order book, 66 min ago	1.17 bp	1.8 bp −$2	10.2 bp −$102	71.7 bp −$7,167	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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	−5.503%	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	3.0052	+0.050%	$2K	$2.6M	20x	as long as short
QFEX NATGAS-USD	+0.0015%	1h	3.0020	−0.057%	$659K	$85K	20x	as long as short
Lighter NATGASlong	+0.0032%	1h	3.0037	long leg	$617K	$423K	10x
Extended XNG-USD	+0.0032%	1h	3.0025	−0.040%	$110K	$451K	5x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0030	−0.023%	—	$378	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	3.0019	−0.060%	$5.9M	$5.9M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0047	+0.033%	$84K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0053%	8h	3.0037	0.000%	$5K	—	5x	as long as short
Pacifica NATGAS	+0.0100%	1h	3.0028	−0.029%	$68K	$33K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NATGASUSDTM	+0.0100%	4h	3.0020	−0.057%	$1.0M	$1.1M	20x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.123%	$37K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.123%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0030	−0.023%	$1.5M	$95K	10x	as long as short
Hotstuff NATGAS-PERP	+0.0104%	1h	3.0016	−0.070%	$35K	—	20x	as long as short
Aster NATGASUSDT	+0.0113%	4h	3.0030	−0.023%	$266K	$73K	50x	as long as short
HTX NATGAS-USDT	+0.0207%	4h	3.0052	+0.050%	$98K	$212K	75x	as long as short
Variational Omni NATGAS	+0.0215%	4h	3.0030	−0.024%	$312K	$443K	—	as long as short
BloFin NG-USDT	+0.0255%	8h	2.9990	−0.156%	$81K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0274%	8h	3.0020	−0.057%	$864K	$1.7M	50x	as long as short
Binance NATGASUSDT	+0.0298%	4h	3.0036	−0.004%	$10.1M	$29.2M	100x	as long as short
edgeX NATGASUSDC	+0.0304%	4h	3.0030	−0.024%	$85K	$213K	20x	as long as short
GRVT NATGAS_USDT_Perp	+0.0322%	4h	3.0020	−0.056%	$25K	$200K	25x	as long as short
Gate NG_USDT	+0.0393%	8h	3.0040	+0.010%	$1.5M	$217K	100x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0415% / S −0.0351%	1h	3.0035	−0.007%	$92K	—	45x	as long as short
Bitget NATGASUSDT	+0.0436%	4h	3.0020	−0.057%	$9.9M	$3.5M	100x	as long as short
Kraken Futures PF_NATGASUSDshort	+0.1000%	1h	3.0044	+0.023%	$52K	$36K	20x