Funding you earn now, next payment 10:00 UTC−0.0373%/8h= −40.8% APRpaid last 24h −0.094%
Price spread now: Lighter against Variational Omni+0.062%7-day average −0.116% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.619%+$62 on $10k
+Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.062%, 7d avg −0.116%
=Together, before fees+0.653%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$65 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.178% dearer against Variational Omni than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.116%): +$18 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 4 days funding on this pair paid +0.619%, 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 | Variational Omni NATGAS | 2.9949 | 0.0405 | pay 0.0203% / 4h | 2h 57m | $355K | $429K | — |
| Short | Lighter NATGAS | 2.9968 | 0.0032 | get 0.0004% / 1h | 57m 23s | $632K | $481K | 10x |
Variational Omni NATGAS
Lighter NATGASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- −$78.34
- Price spread: +0.062% → −0.116%
- $17.83
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$60.5
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 37 min ago; Lighter: live order book, 28 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 Variational Omni RFQ quote, 37 min ago | 4.49 bp | doesn't fit | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 28 min ago | 1.17 bp | 7.3 bp −$7 | 17.5 bp −$175 | 84.1 bp −$8,407 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | L 0.0000% / S 0.0000% | 1h | 2.8324 | −5.427% | — | — | — | as long as short |
| SunX NATGAS-USDT | 0.0000% | 4h | 2.9981 | +0.105% | $2K | $2.1M | 20x | as long as short |
| QFEX NATGAS-USD | +0.0024% | 1h | 2.9970 | +0.069% | $660K | $98K | 20x | as long as short |
| Lighter NATGASshort | +0.0032% | 1h | 2.9968 | +0.062% | $632K | $481K | 10x | |
| Extended XNG-USD | +0.0032% | 1h | 2.9959 | +0.031% | $112K | $259K | 5x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 2.9970 | +0.069% | — | $14K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.0048% | 1h | 2.9973 | +0.079% | $35K | — | 20x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0050% | 1h | 2.9957 | +0.025% | $6.0M | $5.6M | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 2.9973 | +0.079% | $84K | $28K | 10x | as long as short |
| HTX NATGAS-USDT | +0.0063% | 4h | 2.9946 | −0.012% | $118K | $221K | 75x | as long as short |
gTrade (Gains Network) NATGAS/USD
SunX NATGAS-USDT
QFEX NATGAS-USD
Extended XNG-USD
Vest NG-PERP
Hotstuff NATGAS-PERP
tradeXYZ xyz:NATGAS
Ondo Perps NATGAS-USD.P
HTX NATGAS-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | +0.0076% | 8h | 2.9975 | +0.086% | $5K | — | 5x | as long as short |
| Pacifica NATGAS | +0.0100% | 1h | 2.9956 | +0.022% | $70K | $33K | 10x | as long as short |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 2.9900 | −0.165% | $36K | $214K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 2.9900 | −0.165% | $3K | $544 | 10x | as long as short |
| Phemex NGUSDT | +0.0100% | 4h | 2.9950 | +0.002% | $1.5M | $92K | 10x | as long as short |
| Aster NATGASUSDT | +0.0215% | 4h | 2.9945 | −0.016% | $264K | $68K | 50x | as long as short |
| KuCoin NATGASUSDTM | +0.0228% | 4h | 2.9960 | +0.035% | $1.1M | $851K | 20x | as long as short |
| Gate NG_USDT | +0.0247% | 8h | 2.9990 | +0.135% | $1.5M | $198K | 100x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0282% | 4h | 2.9946 | −0.010% | $20K | $205K | 25x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.0298% | 1h | 2.9959 | +0.033% | $53K | $45K | 20x | as long as short |
| Variational Omni NATGASlong | +0.0405% | 4h | 2.9949 | long leg | $355K | $429K | — | |
| Binance NATGASUSDT | +0.0408% | 4h | 2.9960 | +0.035% | $9.8M | $31.5M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0438% | 4h | 2.9959 | +0.033% | $85K | $211K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.0490% | 8h | 2.9940 | −0.032% | $812K | $1.9M | 50x | as long as short |
| BloFin NG-USDT | +0.0502% | 8h | 2.9950 | +0.002% | $77K | $197K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0586% / S −0.0602% | 1h | 2.9945 | −0.015% | $88K | — | 45x | as long as short |
| Bitget NATGASUSDT | +0.0856% | 4h | 2.9940 | −0.032% | $9.9M | $3.0M | 100x | as long as short |
Paradex NG-USD-PERP
Pacifica NATGAS
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythos
Phemex NGUSDT
Aster NATGASUSDT
KuCoin NATGASUSDTM
Gate NG_USDT
GRVT NATGAS_USDT_Perp
Kraken Futures PF_NATGASUSD
Binance NATGASUSDT
edgeX NATGASUSDC
OKX NG-USDT-SWAP
BloFin NG-USDT
GMX NATGAS/USD [ETH-USDC]
Bitget NATGASUSDT