Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: SunX against Lighter+0.157%7-day average +0.179% · you sell dearer than you buy
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1251.254% of the position
Funding, last 7 days−0.823%−$82 on $10k
+Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.157%, 7d avg +0.179%
=Together, before fees−0.992%+ Points / potential airdropLighter: Season 3 · farm board−$99 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.023% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.179%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter NATGAS | 2.9995 | 0.0032 | pay 0.0004% / 1h | 19m 38s | $630K | $483K | 10x |
| Short | SunX NATGAS-USDT | 3.0042 | 0 | get 0.0000% / 4h | 3h 19m | $2K | $2.2M | 20x |
Lighter NATGAS
SunX NATGAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$6.72
- Price spread: +0.157% → +0.179%
- −$2.25
- Slippage, 4 orders
- −$117.43
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$134.4
- Costs to cover
- 1.254%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; SunX: live order book, 7 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, 6 min ago | 1.17 bp | 1.2 bp −$1 | 12.2 bp −$122 | 84.5 bp −$8,450 | doesn't fit |
| Sell SunX live order book, 7 min ago | 49.93 bp | 62.6 bp −$63 | doesn't fit | doesn't fit | 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 | −0.0080% | 1h | 3.0013 | +0.060% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | 0.0000% | 1h | 3.0010 | +0.050% | $658K | $96K | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8369 | −5.421% | — | — | — | as long as short |
| SunX NATGAS-USDTshort | 0.0000% | 4h | 3.0042 | +0.157% | $2K | $2.2M | 20x | |
| Lighter NATGASlong | +0.0032% | 1h | 2.9995 | long leg | $630K | $483K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 2.9984 | −0.036% | $109K | $253K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | +0.050% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9995 | 0.000% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0039 | +0.147% | $84K | $29K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.0072% | 8h | 3.0029 | +0.115% | $5K | — | 5x | as long as short |
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
gTrade (Gains Network) NATGAS/USD
Extended XNG-USD
Vest NG-PERP
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 | 2.9970 | −0.083% | $69K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | +0.017% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | +0.017% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | +0.083% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0174% | 4h | 2.9990 | −0.017% | $1.0M | $837K | 20x | as long as short |
| Gate NG_USDT | +0.0203% | 8h | 3.0020 | +0.083% | $1.5M | $193K | 100x | as long as short |
| Aster NATGASUSDT | +0.0220% | 4h | 3.0029 | +0.114% | $264K | $69K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0279% | 4h | 3.0041 | +0.153% | $118K | $220K | 75x | as long as short |
| Variational Omni NATGAS | +0.0389% | 4h | 3.0021 | +0.086% | $347K | $420K | — | as long as short |
| edgeX NATGASUSDC | +0.0407% | 4h | 3.0027 | +0.107% | $85K | $212K | 20x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0412% | 4h | 3.0020 | +0.082% | $20K | $213K | 25x | as long as short |
| Binance NATGASUSDT | +0.0414% | 4h | 3.0015 | +0.066% | $10.4M | $29.0M | 100x | as long as short |
| BloFin NG-USDT | +0.0473% | 8h | 3.0000 | +0.017% | $76K | $197K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0501% | 8h | 3.0000 | +0.017% | $802K | $1.9M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0587% / S −0.0602% | 1h | 3.0025 | +0.100% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0685% | 1h | 3.0006 | +0.036% | $53K | $37K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0874% | 4h | 2.9980 | −0.050% | $9.9M | $2.9M | 100x | as long as short |
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
KuCoin NATGASUSDTM
Gate NG_USDT
Aster NATGASUSDT
HTX NATGAS-USDT
Variational Omni NATGAS
edgeX NATGASUSDC
GRVT NATGAS_USDT_Perp
Binance NATGASUSDT
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT