Entry cost

NATGAS marketsRWA

Type a position size; every exchange is repriced against its live order book.

Asset

Cheapest round trip on $10kLighter7.7 bp

You pay, in and out−$7.72

Second cheapest costs+$1.07 more

Venues that fill it17of 27

Margin at 10x$1,000

Exchange	Price	Taker / maker	Half-spread	Buy (long)	Sell (short)	Round trip	In $	Measured up to	Margin at max lev	Median 24h	Median 7d	p10-p90 7d
Lighter NATGAS · live order book, 22 min agocheapest	3.0037	0.000%/0.000%	1.83 bp	5.2 bp	2.5 bp	7.7 bp	−$7.72	$1.3M	$1,000 10x	8.5 bp	18.7 bp	9.7-33.0 bp
Extended XNG-USD · live order book, 28 min ago	3.0021	0.025%/0.000%	0.83 bp	4.9 bp	3.9 bp	8.8 bp	−$8.79	$465K	$2,000 5x	3.1 bp	2.8 bp	2.0-4.1 bp
Binance NATGASUSDT · live order book, 3 min ago	3.0030	0.050%/0.020%	1.67 bp	6.7 bp	6.7 bp	13.3 bp	−$13	$7.0M	$100 100x	3.3 bp	3.3 bp	3.3-4.0 bp
QFEX NATGAS-USD · live order book, 6 min ago	3.0010	0.050%/0.020%	3.33 bp	8.3 bp	8.3 bp	16.7 bp	−$17	$2.5M	$500 20x	6.7 bp	6.6 bp	5.9-10.2 bp
GRVT NATGAS_USDT_Perp · live order book, 29 min ago	3.0005	0.045%/0.000%	1.66 bp	12.4 bp	6.2 bp	18.6 bp	−$19	$768K	$400 25x	9.3 bp	10.6 bp	6.6-14.7 bp
OKX NG-USDT-SWAP · live order book, 3 min ago	3.0010	0.050%/0.020%	1.67 bp	10.8 bp	9.7 bp	20.5 bp	−$20	$551K	$200 50x	10.1 bp	11.2 bp	7.7-14.1 bp
HTX NATGAS-USDT · live order book, 28 min ago	3.0025	0.060%/0.020%	4.32 bp	10.3 bp	10.3 bp	20.6 bp	−$21	$836K	$133 75x	9.2 bp	8.9 bp	5.6-15.2 bp
tradeXYZ xyz:NATGAS · live order book, 10 min ago	3.0031	0.090%/0.030%	0.50 bp	10.8 bp	11.8 bp	22.5 bp	−$23	$95K	$1,000 10x	3.7 bp	4.1 bp	2.4-5.7 bp
Bitget NATGASUSDT · live order book, 5 min ago	3.0000	0.060%/0.020%	1.67 bp	11.7 bp	11.0 bp	22.7 bp	−$23	$2.7M	$100 100x	9.1 bp	9.4 bp	7.1-13.0 bp
BloFin NG-USDT · live order book, 62 min ago	3.0000	0.060%/0.020%	3.32 bp	14.6 bp	9.3 bp	23.9 bp	−$24	$864K	$500 20x	9.5 bp	9.6 bp	4.4-15.0 bp
KuCoin NATGASUSDTM · live order book, 6 min ago	3.0010	0.060%/0.020%	1.67 bp	18.0 bp	17.4 bp	35.4 bp	−$35	$89K	$500 20x	35.9 bp	55.7 bp	41.3-101.4 bp
Gate NG_USDT · live order book, 4 min ago	3.0040	0.075%/0.020%	1.66 bp	22.2 bp	15.4 bp	37.6 bp	−$38	$259K	$100 100x	22.6 bp	24.6 bp	17.3-34.4 bp
SunX NATGAS-USDT · live order book, 8 min ago	3.0042	0.040%/0.020%	15.15 bp	19.6 bp	27.9 bp	47.4 bp	−$47	$67K	$500 20x	39.3 bp	39.4 bp	39.1-40.9 bp
edgeX NATGASUSDC · live order book, 28 min ago	3.0011	0.045%/0.040%	13.31 bp	33.6 bp	21.1 bp	54.7 bp	−$55	$363K	$500 20x	45.7 bp	71.1 bp	68.3-73.8 bp
Aster NATGASUSDT · live order book, 28 min ago	3.0040	0.040%/0.000%	6.65 bp	41.5 bp	16.9 bp	58.4 bp	−$58	$117K	$200 50x	42.5 bp	88.0 bp	70.3-96.2 bp
Phemex NGUSDT · live order book, 4 min ago	3.0020	0.060%/0.010%	5.00 bp	42.3 bp	33.9 bp	76.2 bp	−$76	$29K	$1,000 10x	55.0 bp	53.1 bp	49.3-59.2 bp
ApeX Omni NATGASUSDT · live order book, 27 min ago	3.0000	0.050%/0.020%	16.64 bp	52.2 bp	56.6 bp	108.8 bp	−$109	$132K	$200 50x	113.8 bp	111.8 bp	95.7-135.8 bp
Variational Omni NATGAS	3.0011	0.000%/0.000%	4.49 bp	the book does not hold this size
GMX NATGAS/USD [ETH-USDC]	3.0025	0.060%/0.040%	—	oracle execution: slippage not modeled, see the exchange's docs
Ondo Perps NATGAS-USD.P	3.0003	0.025%/0.020%	—	below $100k OI and volume: not sampled
Pacifica NATGAS	3.0014	0.040%/0.015%	—	below $100k OI and volume: not sampled
Kraken Futures PF_NATGASUSD	3.0041	0.050%/0.020%	—	below $100k OI and volume: not sampled
Hotstuff NATGAS-PERP	3.0026	0.025%/-0.002%	—	below $100k OI and volume: not sampled
Paradex NG-USD-PERP	3.0041	0.020%/0.000%	—	below $100k OI and volume: not sampled
Orderly PERP_NATGAS_USDC_mythos	3.0000	0.030%/0.000%	—	below $100k OI and volume: not sampled
Vest NG-PERP	3.0030	0.010%/0.010%	—	below $100k OI and volume: not sampled
gTrade (Gains Network) NATGAS/USD	2.8394	0.050%/0.035%	—	no public order book; price impact follows the exchange's formula

Slippage is the average fill price of a market order walking the book against the mid; the half-spread is part of it. A size between two measured points is interpolated and marked ~. Fees are each exchange's base taker tier, before volume tiers and token discounts. Exchanges that fill at an oracle price (GMX, Avantis, Jupiter) charge price impact by formula and are not modeled. RFQ exchanges (Variational) quote only $1k, $100k and $1M. The calculator runs from $1k to $5M.