Spread before costs (cost unknown: a leg has no order-book sample)+0.017%
7d average—if it closes, per $10,000$2funding while held, a day+$16.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 3.0000 | 0.0101 | pay 0.0050% / 4h | 3h 12m | $10.1M | $28.1M | 100x |
| Short | GMX NATGAS/USD [ETH-USDC] | 3.0005 | L +0.0547% / S −0.0638% | get 0.0080% / 1h | 12m 02s | $82K | — | 45x |
Binance NATGASUSDT
GMX NATGAS/USD [ETH-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $1.67
- Funding while held
- $16.11
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$4.22
- Spread needed to break even
- 0.220%
Slippage unknown: Binance: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0537%
- Per $10,000 a day
- +$16.11
- Average in range /8h
- —
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 | 1.67 bp | 6.7 bp −$7 | 9.2 bp −$92 | 36.2 bp −$3,622 | 138.2 bp −$69.1K |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NATGAS price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)2.8405cheapest
gTrade (Gains Network)Vest2.8410+0.018%
Bitget2.9980+5.545%OKX2.9990+5.580%Pacifica2.9999+5.611%
Vest
Bitget
OKX
PacificaBinance3.0000+5.615%
QFEX3.0000+5.615%KuCoin3.0000+5.615%ApeX Omni3.0000+5.615%Orderly3.0000+5.615%Phemex3.0000+5.615%BloFin3.0000+5.615%Extended3.0002+5.621%Hotstuff3.0002+5.622%
QFEX
KuCoin
ApeX Omni
Orderly
Phemex
BloFin
Extended
HotstuffGMX3.0005+5.633%
tradeXYZ3.0006+5.636%Paradex3.0008+5.645%Ondo Perps3.0009+5.647%Lighter3.0014+5.664%HTX3.0015+5.668%Variational Omni3.0017+5.673%edgeX3.0017+5.676%SunX3.0021+5.689%Kraken Futures3.0021+5.690%Gate3.0030+5.721%Aster3.0036+5.740%
tradeXYZ
Paradex
Ondo Perps
Lighter
HTX
Variational Omni
SunX
Kraken Futures
Gate
AsterNATGAS on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) NATGAS/USD | −5.317% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.300% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| Bitget NATGASUSDT | −0.067% | +0.0620% | 4h | $10.0M | $4.0M | 100x | as long as short |
| OKX NG-USDT-SWAP | −0.033% | +0.0272% | 8h | $895K | $1.7M | 50x | as long as short |
| Pacifica NATGAS | −0.004% | +0.0100% | 1h | $83K | $18K | 10x | as long as short |
| Binance NATGASUSDTlong | 0.000% | +0.0101% | 4h | $10.1M | $28.1M | 100x | |
| QFEX NATGAS-USD | 0.000% | 0.0000% | 1h | $658K | $138K | 20x | as long as short |
| KuCoin NATGASUSDTM | 0.000% | +0.0100% | 4h | $1.0M | $968K | 20x | as long as short |
| ApeX Omni NATGASUSDT | 0.000% | +0.0100% | 1h | $37K | $219K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | 0.000% | +0.0100% | 8h | $3K | $12 | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex NGUSDT | 0.000% | +0.0100% | 4h | $1.5M | $86K | 10x | as long as short |
| BloFin NG-USDT | 0.000% | +0.0271% | 8h | $85K | $178K | 20x | as long as short |
| Extended XNG-USD | +0.005% | +0.0032% | 1h | $105K | $1.4M | 5x | as long as short |
| Hotstuff NATGAS-PERP | +0.007% | −0.0056% | 1h | $35K | — | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC]short | +0.017% | L +0.0547% / S −0.0638% | 1h | $82K | — | 45x | |
| tradeXYZ xyz:NATGAS | +0.020% | +0.0050% | 1h | $5.7M | $5.8M | 10x | as long as short |
| Paradex NG-USD-PERP | +0.028% | +0.0050% | 8h | $5K | — | 5x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.030% | +0.0050% | 1h | $87K | $68K | 10x | as long as short |
| Lighter NATGAS | +0.047% | +0.0032% | 1h | $620K | $401K | 10x | as long as short |
| HTX NATGAS-USDT | +0.050% | 0.0000% | 4h | $97K | $224K | 75x | as long as short |
| Variational Omni NATGAS | +0.055% | +0.0034% | 4h | $664K | $153K | — | as long as short |
| edgeX NATGASUSDC | +0.058% | +0.0095% | 4h | $85K | $215K | 20x | as long as short |
| SunX NATGAS-USDT | +0.070% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.071% | +0.0659% | 1h | $54K | $57K | 20x | as long as short |
| Gate NG_USDT | +0.100% | +0.0358% | 8h | $1.5M | $376K | 100x | as long as short |
| Aster NATGASUSDT | +0.118% | +0.0013% | 4h | $265K | $102K | 50x | as long as short |