Funding you earn now, next payment 02:00 UTC−0.0069%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h −0.005%
Price spread now: QFEX against Lighter−0.030%7-day average +0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Funding, last 3 days (all we have)−0.769%−$77 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.030%, 7d avg +0.094%
=Together, before fees−0.833%+ Points / potential airdropLighter: Season 3 · farm board−$83 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.123% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.094%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NATGAS | 3.0039 | 0.0088 | pay 0.0011% / 1h | 37m 18s | $618K | $444K | 10x |
| Short | QFEX NATGAS-USD | 3.0030 | 0.0019 | get 0.0002% / 1h | 37m 18s | $659K | $86K | 20x |
Lighter NATGAS
QFEX NATGAS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$14.41
- Price spread: −0.030% → +0.094%
- −$12.35
- Slippage, 4 orders
- −$15.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$51.77
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 23 min ago; QFEX: live order book, 17 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, 23 min ago | 1.16 bp | 5.3 bp −$5 | 11.3 bp −$113 | 71.6 bp −$7,163 | doesn't fit |
| Sell QFEX live order book, 17 min ago | 1.67 bp | 9.9 bp −$10 | 10.0 bp −$100 | 13.4 bp −$1,344 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0024% | 1h | 3.0027 | −0.040% | $35K | — | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8396 | −5.470% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0062 | +0.077% | $2K | $2.6M | 20x | as long as short |
| QFEX NATGAS-USDshort | +0.0019% | 1h | 3.0030 | −0.030% | $659K | $86K | 20x | |
| Vest NG-PERP | +0.0046% | 1h | 3.0030 | −0.030% | — | $378 | 10x | as long as short |
| Extended XNG-USD | +0.0048% | 1h | 3.0017 | −0.074% | $110K | $450K | 5x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0024 | −0.050% | $5.9M | $5.9M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0022 | −0.057% | $82K | $27K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0063% | 8h | 3.0063 | +0.079% | $5K | — | 5x | as long as short |
| Lighter NATGASlong | +0.0088% | 1h | 3.0039 | long leg | $618K | $444K | 10x |
Hotstuff NATGAS-PERP
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Vest NG-PERP
Extended XNG-USD
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 | 3.0030 | −0.030% | $68K | $33K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0100% | 4h | 3.0030 | −0.030% | $1.0M | $1.1M | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.130% | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.130% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0040 | +0.003% | $1.5M | $95K | 10x | as long as short |
| Aster NATGASUSDT | +0.0171% | 4h | 3.0030 | −0.030% | $266K | $73K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0246% | 4h | 3.0059 | +0.067% | $98K | $213K | 75x | as long as short |
| Variational Omni NATGAS | +0.0284% | 4h | 3.0030 | −0.029% | $312K | $443K | — | as long as short |
| BloFin NG-USDT | +0.0307% | 8h | 2.9980 | −0.196% | $81K | $188K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0326% | 8h | 3.0020 | −0.063% | $868K | $1.7M | 50x | as long as short |
| edgeX NATGASUSDC | +0.0364% | 4h | 3.0040 | +0.003% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0375% | 4h | 3.0040 | +0.003% | $10.1M | $29.1M | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0406% | 4h | 3.0040 | +0.002% | $12K | $214K | 25x | as long as short |
| Gate NG_USDT | +0.0414% | 8h | 3.0060 | +0.070% | $1.5M | $218K | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0420% / S −0.0356% | 1h | 3.0045 | +0.020% | $92K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0594% | 4h | 3.0010 | −0.097% | $9.9M | $3.5M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0824% | 1h | 3.0065 | +0.087% | $54K | $37K | 20x | as long as short |
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
edgeX NATGASUSDC
Binance NATGASUSDT
GRVT NATGAS_USDT_Perp
Gate NG_USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD