NAT GAS (XNG) funding rates

NAT GAS (XNG) perpetual funding is currently quoted across 13 venues, ranging from -21.6% to +10.9% APR. The most reliable delta-neutral pairing for NAT GAS (XNG) right now is long Lighter / short TxFlow at +1.4% net APR (low risk, ~6.4d to break even).

as of 2026-09-12 16:31 UTC
Best delta-neutral pairing
Long Lighter / Short TxFlow
+1.4% net APR
Backtested (30d)
+14.4%
Stability
93.2%
Risk
low
Breakeven
~6.4d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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XNG funding by exchange

ExchangeFunding APR
Pacifica+10.95%
TxFlow+10.95%
Ondo+5.52%
TradeXYZ+5.48%
Lighter+3.50%
Decibel+3.50%
Extended+3.50%
QFEX+0.00%
Variational+0.00%
Aster+0.00%
Grvt+0.00%
HotStuff-14.02%
Kraken-21.55%

Frequently asked

What is the XNG funding rate right now?

NAT GAS (XNG) perpetual funding ranges from -21.55% to 10.95% APR across 13 exchanges we track; the widest delta-neutral spread is long Lighter / short TxFlow at 1.4% net APR.

Which exchange has the highest XNG funding rate?

Pacifica currently has the highest at 10.95% APR. See the full ranking above.