NATGAS

Alert

Funding spread now, next payment 16:00 UTC−0.0545%/8h

next payment, per $10,000−$2.73paid, last 24h−0.060%paid, last 3 days+0.120%to open and close $10k−$93

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.120% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.73 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NATGASUSDT	3.0040	0.0645	pay 0.0323% / 4h	2h 26m	$10.2M	$22.3M	100x
Short	Phemex NGUSDT	3.0040	0.0100	get 0.0050% / 4h	2h 26m	$1.5M	$74K	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee PhemexbpOrdersRate

Funding earned: −$114.53
Slippage, 4 orders: −$70.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$207.16
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Phemex: live order book, 3 min ago.

Price risk

price view

Price gap now: 0.000%
Avg gap 7d: −0.031%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Binance live order book, 1 min ago	1.66 bp	6.7 bp −$7	13.2 bp −$132	40.3 bp −$4,027	135.5 bp −$67.8K
Sell Phemex live order book, 3 min ago	6.67 bp	36.5 bp −$37	doesn't fit	doesn't fit	doesn't fit

NATGAS on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hotstuff NATGAS-PERP	−0.0032%	1h	$35K	—	20x	as long as short
gTrade (Gains Network) NATGAS/USD	L 0.0000% / S 0.0000%	1h	—	—	—	as long as short
SunX NATGAS-USDT	0.0000%	4h	$2K	$2.2M	20x	as long as short
QFEX NATGAS-USD	+0.0026%	1h	$659K	$125K	20x	as long as short
Lighter NATGAS	+0.0032%	1h	$630K	$322K	10x	as long as short
Extended XNG-USD	+0.0032%	1h	$116K	$1.4M	5x	as long as short
Vest NG-PERP	+0.0046%	1h	—	—	10x	as long as short
tradeXYZ xyz:NATGAS	+0.0050%	1h	$6.1M	$5.2M	10x	as long as short
Ondo Perps NATGAS-USD.P	+0.0050%	1h	$88K	$56K	10x	as long as short
Paradex NG-USD-PERP	+0.0062%	8h	$5K	—	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica NATGAS	+0.0100%	1h	$83K	$17K	10x	as long as short
ApeX Omni NATGASUSDT	+0.0100%	1h	$36K	$217K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+0.0100%	8h	$3K	—	10x	as long as short
Phemex NGUSDTshort	+0.0100%	4h	$1.5M	$74K	10x
HTX NATGAS-USDT	+0.0213%	4h	$95K	$219K	75x	as long as short
KuCoin NATGASUSDTM	+0.0384%	4h	$1.0M	$809K	20x	as long as short
Gate NG_USDT	+0.0492%	8h	$1.5M	$353K	100x	as long as short
Aster NATGASUSDT	+0.0510%	4h	$265K	$76K	50x	as long as short
Variational Omni NATGAS	+0.0604%	4h	$657K	$176K	—	as long as short
OKX NG-USDT-SWAP	+0.0635%	8h	$947K	$1.3M	50x	as long as short
Binance NATGASUSDTlong	+0.0645%	4h	$10.2M	$22.3M	100x
edgeX NATGASUSDC	+0.0654%	4h	$85K	$213K	20x	as long as short
BloFin NG-USDT	+0.0825%	8h	$91K	$98K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	L +0.0852% / S −0.1094%	1h	$83K	—	45x	as long as short
Kraken Futures PF_NATGASUSD	+0.1000%	1h	$53K	$57K	20x	as long as short
Bitget NATGASUSDT	+0.1108%	4h	$10.0M	$3.5M	100x	as long as short