NATGAS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.09 per $10,000 · paid last 24h −0.020%

Price spread now: Lighter against Pacifica+0.010%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.613%+$61 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.613%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NATGAS	3.0045	0.0100	pay 0.0013% / 1h	35m 41s	$68K	$33K	10x
Short	Lighter NATGAS	3.0048	0.0032	get 0.0004% / 1h	35m 41s	$619K	$494K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Pacifica. 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 PacificabpFee LighterbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$14.28
Price spread: +0.010% → 0.000%: $1
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.28
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Lighter: live order book, 15 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell Lighter live order book, 15 min ago	0.83 bp	5.4 bp −$5	19.0 bp −$190	80.9 bp −$8,093	doesn't fit

Pacifica: 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 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	3.0072	+0.090%	$2K	$2.4M	20x	as long as short
QFEX NATGAS-USD	+0.0022%	1h	3.0040	−0.017%	$659K	$85K	20x	as long as short
Lighter NATGASshort	+0.0032%	1h	3.0048	+0.010%	$619K	$494K	10x
Extended XNG-USD	+0.0032%	1h	3.0038	−0.023%	$110K	$433K	5x	as long as short
Hotstuff NATGAS-PERP	+0.0040%	1h	3.0050	+0.017%	$35K	—	20x	as long as short
Vest NG-PERP	+0.0046%	1h	3.0050	+0.017%	—	$14K	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	3.0040	−0.017%	$83K	$26K	10x	as long as short
Paradex NG-USD-PERP	+0.0056%	8h	3.0061	+0.053%	$5K	—	5x	as long as short
Pacifica NATGASlong	+0.0100%	1h	3.0045	long leg	$68K	$33K	10x
ApeX Omni NATGASUSDT	+0.0100%	1h	3.0000	−0.150%	$37K	$216K	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	3.0000	−0.150%	$3K	$544	10x	as long as short
Phemex NGUSDT	+0.0100%	4h	3.0050	+0.017%	$1.5M	$94K	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0111%	1h	3.0052	+0.023%	$6.0M	$5.9M	10x	as long as short
HTX NATGAS-USDT	+0.0215%	4h	3.0074	+0.097%	$105K	$212K	75x	as long as short
GRVT NATGAS_USDT_Perp	+0.0344%	4h	3.0050	+0.017%	$25K	$227K	25x	as long as short
KuCoin NATGASUSDTM	+0.0368%	4h	3.0040	−0.017%	$1.1M	$1.0M	20x	as long as short
Aster NATGASUSDT	+0.0407%	4h	3.0043	−0.006%	$266K	$73K	50x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0449% / S −0.0388%	1h	3.0055	+0.033%	$92K	—	45x	as long as short
Gate NG_USDT	+0.0455%	8h	3.0080	+0.116%	$1.5M	$192K	100x	as long as short
BloFin NG-USDT	+0.0466%	8h	3.0050	+0.017%	$80K	$189K	20x	as long as short
OKX NG-USDT-SWAP	+0.0485%	8h	3.0050	+0.017%	$855K	$1.7M	50x	as long as short
Variational Omni NATGAS	+0.0601%	4h	3.0050	+0.016%	$312K	$444K	—	as long as short
edgeX NATGASUSDC	+0.0618%	4h	3.0060	+0.049%	$85K	$212K	20x	as long as short
Binance NATGASUSDT	+0.0623%	4h	3.0050	+0.017%	$10.2M	$28.6M	100x	as long as short
Kraken Futures PF_NATGASUSD	+0.0993%	1h	3.0066	+0.071%	$54K	$34K	20x	as long as short
Bitget NATGASUSDT	+0.1002%	4h	3.0030	−0.050%	$9.9M	$3.3M	100x	as long as short