Funding you earn now, next payment 09:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h −0.007%
Price spread now: Lighter against Paradex−0.099%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.099% cheaper against Paradex than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex NG-USD-PERP | 3.0039 | 0.0070 | pay 0.0070% / 8h | 7h 19m | $5K | — | 5x |
| Short | Lighter NATGAS | 3.0009 | 0.0032 | get 0.0004% / 1h | 19m 54s | $630K | $483K | 10x |
Paradex NG-USD-PERP
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Paradex. 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
- −$7.94
- Price spread: −0.099% → 0.000%
- −$9.87
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.81
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 5 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 1.17 bp | 7.3 bp −$7 | 17.5 bp −$175 | 84.1 bp −$8,407 | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff NATGAS-PERP | −0.0080% | 1h | 3.0008 | −0.102% | $35K | — | 20x | as long as short |
| QFEX NATGAS-USD | 0.0000% | 1h | 3.0010 | −0.095% | $658K | $96K | 20x | as long as short |
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8369 | −5.558% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0042 | +0.011% | $2K | $2.2M | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 3.0009 | −0.099% | $630K | $483K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 2.9981 | −0.191% | $109K | $253K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0010 | −0.095% | — | $14K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 3.0002 | −0.122% | $6.0M | $5.2M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0039 | +0.001% | $84K | $29K | 10x | as long as short |
| Paradex NG-USD-PERPlong | +0.0070% | 8h | 3.0039 | long leg | $5K | — | 5x |
Hotstuff NATGAS-PERP
QFEX NATGAS-USD
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
Extended XNG-USD
Vest NG-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.PShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NATGAS | +0.0100% | 1h | 2.9993 | −0.152% | $69K | $30K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0000 | −0.129% | $37K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.129% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 3.0020 | −0.062% | $1.5M | $91K | 10x | as long as short |
| KuCoin NATGASUSDTM | +0.0166% | 4h | 3.0000 | −0.129% | $1.0M | $837K | 20x | as long as short |
| Gate NG_USDT | +0.0203% | 8h | 3.0030 | −0.029% | $1.5M | $193K | 100x | as long as short |
| Aster NATGASUSDT | +0.0216% | 4h | 3.0018 | −0.067% | $264K | $69K | 50x | as long as short |
| HTX NATGAS-USDT | +0.0279% | 4h | 3.0041 | +0.008% | $118K | $220K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0386% | 4h | 3.0013 | −0.085% | $20K | $213K | 25x | as long as short |
| Variational Omni NATGAS | +0.0389% | 4h | 3.0021 | −0.060% | $347K | $420K | — | as long as short |
| edgeX NATGASUSDC | +0.0404% | 4h | 3.0024 | −0.050% | $85K | $212K | 20x | as long as short |
| Binance NATGASUSDT | +0.0408% | 4h | 3.0000 | −0.129% | $10.4M | $29.0M | 100x | as long as short |
| BloFin NG-USDT | +0.0473% | 8h | 3.0000 | −0.129% | $76K | $197K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0501% | 8h | 3.0000 | −0.129% | $802K | $1.9M | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0587% / S −0.0602% | 1h | 3.0025 | −0.045% | $88K | — | 45x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0685% | 1h | 3.0006 | −0.110% | $53K | $37K | 20x | as long as short |
| Bitget NATGASUSDT | +0.0872% | 4h | 2.9980 | −0.195% | $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
GRVT NATGAS_USDT_Perp
Variational Omni NATGAS
edgeX NATGASUSDC
Binance NATGASUSDT
BloFin NG-USDT
OKX NG-USDT-SWAP
GMX NATGAS/USD [ETH-USDC]
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDT