NATGAS funding rates
NATGAS perpetual funding across 6 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 60.9%long Lighter, short Variational · net 60.9%
- Highest funding now
- 403%GrGRVT
- Lowest funding now
- 10.9%RwRWA Perp
- Listed on
- 6 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GrGRVT | NATGAS_USDT_Perp | 403% | 104% | 343% | 95.5% | 383% | 74% | 4h | 08:00 | 3.38 | $17k | $237k | TradFi | GrGRVT | |
| VaVariational | NATGAS | 361% | 75.6% | 362% | 105% | 410% | 73% | 4h | — | 3.37 | $911k | $1.2M | TradFi | VaVariational | |
| BgBitgetCEX | NATGASUSDT | 351% | 70.9% | 349% | 126% | 395% | 70% | 4h | 08:00 | 3.36 | $16.5M | $2.5M | TradFi | BgBitget | |
| AsAster | NATGASUSDT | 335% | 83.1% | 327% | 90.3% | 367% | 71% | 4h | 08:00 | 3.38 | $627k | $455k | TradFi | AsAster | |
| LiLighter | NATGAS | 328% | 86.4% | 301% | 90.8% | 337% | 100% | 1h | 05:00 | 3.39 | $1.2M | $95k | TradFi | LiLighter | |
| RwRWA Perp | PERP_NATGAS_USDC_mythos | 10.9% | 10.9% | 314% | 81.6% | 365% | 100% | 8h | 08:00 | 3.37 | $6k | $4k | TradFi | RwRWA Perp |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| AsAster | VaVariational | 25.9% | −7.5% | 35.2% | 14.5% | 33.1% | 49.6% | 0.8d | cooling | $627k | TradFispread not incl. | AsVa | calc | |
| LiLighter | VaVariational | 33.0% | −10.7% | 60.9% | 14.0% | 60.9% | 91.3% | <0.1d | mixed | $911k | 1h/4hTradFispread not incl. | LiVa | calc | |
| LiLighter | BgBitgetCEX | 23.9% | −15.4% | 48.0% | 35.6% | 44.9% | 67.3% | 0.9d | mixed | $1.2M | 1h/4hTradFi | LiBg | calc | |
| AsAster | BgBitgetCEX | 16.7% | −12.2% | 22.3% | 36.1% | 17.1% | 25.6% | 3.3d | cooling | $627k | TradFi | AsBg | calc | |
| LiLighter | AsAster | 7.2% | −3.2% | 25.7% | −0.5% | 23.6% | 35.4% | 1.1d | mixed | $627k | 1h/4hTradFi | LiAs | calc | |
| LiLighter | GrGRVT | 74.9% | 17.4% | 41.6% | 4.6% | 39.2% | 58.9% | 0.8d | steady | $17k | low OI1h/4hTradFi | LiGr | calc | |
| GrGRVT | VaVariational | −41.9% | −28.1% | 19.3% | 9.4% | 16.9% | 25.4% | 1.7d | cooling | $17k | low OITradFispread not incl. | GrVa | calc | |
| AsAster | GrGRVT | 67.7% | 20.6% | 15.9% | 5.1% | 11.5% | 17.2% | 3.9d | steady | $17k | low OITradFi | AsGr | calc | |
| BgBitgetCEX | VaVariational | 9.2% | 4.7% | 12.9% | −21.5% | 9.8% | 14.6% | 3.4d | steady | $911k | TradFispread not incl. | BgVa | calc | |
| GrGRVT | BgBitgetCEX | −51.0% | −32.8% | 6.4% | 30.9% | 0.9% | 1.4% | 12d | cooling | $17k | low OITradFi | GrBg | calc | |
| VaVariational | GrGRVT | 41.9% | 28.1% | −19.3% | −9.4% | −21.6% | −32.5% | — | spike | $17k | low OITradFispread not incl. | VaGr | calc | |
| BgBitgetCEX | GrGRVT | 51.0% | 32.8% | −6.4% | −30.9% | −11.9% | −17.8% | — | spike | $17k | low OITradFi | BgGr | calc | |
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 04:01 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
NATGAS · TradFi
Indicative (mark or mid prices): buy on Bitget at 3.363, sell on Lighter at 3.38815: 0.745% before fees, 0.625% after taker fees.
| Buy ↓ · Sell → | LiLighter3.38815 | GrGRVT3.37989 | AsAster3.376 | VaVariational3.37078 | RwRWA Perp3.37 | BgBitget3.363 |
|---|---|---|---|---|---|---|
| BgBitget3.363 | 0.745% | 0.501% | 0.386% | 0.231% | 0.208% | — |
| RwRWA Perp3.37 | 0.537% | 0.293% | 0.178% | 0.023% | — | −0.208% |
| VaVariational3.37078 | 0.514% | 0.270% | 0.155% | — | −0.023% | −0.231% |
| AsAster3.376 | 0.359% | 0.115% | — | −0.155% | −0.178% | −0.386% |
| GrGRVT3.37989 | 0.244% | — | −0.115% | −0.270% | −0.293% | −0.501% |
| LiLighter3.38815 | — | −0.244% | −0.359% | −0.514% | −0.537% | −0.745% |
All quotes (6)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 3.376 | 3.376 | mark | 3m | $455k | no FX |
| BgBitgetCEX | 3.363 | 3.363 | mark | 2m | $2.5M | no FX |
| GrGRVT | 3.37989 | 3.37989 | mark | 3m | $237k | no FX |
| LiLighter | 3.38815 | 3.38815 | mark | 3m | $95k | |
| RwRWA Perp | 3.37 | 3.37 | mark | 3m | $4k | |
| VaVariational | 3.37078 | 3.37078 | mark | 3m | $1.2M |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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