Spread before costs (cost unknown: a leg has no order-book sample)+0.030%
7d average—if it closes, per $10,000$3funding while held, a day−$1.55
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 2.9990 | 0.0140 | pay 0.0070% / 4h | 2h 44m | $10.0M | $29.0M | 100x |
| Short | Hotstuff NATGAS-PERP | 2.9999 | 0.0088 | get 0.0011% / 1h | 44m 56s | $35K | — | 20x |
Binance NATGASUSDT
Hotstuff NATGAS-PERPPrice 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
- $3
- Funding while held
- −$1.55
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$13.55
- Spread needed to break even
- 0.150%
Slippage unknown: Binance: live order book, 13 min ago; Hotstuff: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0052%
- Per $10,000 a day
- −$1.55
- 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, 13 min ago | 1.67 bp | 6.7 bp −$7 | 10.6 bp −$106 | 37.6 bp −$3,756 | 132.1 bp −$66.0K |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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)2.8384cheapest
gTrade (Gains Network)Vest2.8390+0.021%
BloFin2.9950+5.517%Bitget2.9960+5.552%Ondo Perps2.9980+5.623%Pacifica2.9980+5.623%
Vest
BloFin
Bitget
Ondo Perps
PacificaBinance2.9990+5.658%
KuCoin2.9990+5.658%Phemex2.9990+5.658%Extended2.9995+5.675%tradeXYZ2.9995+5.676%GMX2.9995+5.676%Variational Omni2.9996+5.679%
KuCoin
Phemex
Extended
tradeXYZ
GMX
Variational OmniHotstuff2.9999+5.690%
OKX3.0000+5.693%QFEX3.0000+5.693%ApeX Omni3.0000+5.693%Orderly3.0000+5.693%Lighter3.0002+5.700%Paradex3.0004+5.706%Kraken Futures3.0005+5.712%Aster3.0010+5.730%SunX3.0012+5.736%HTX3.0013+5.739%edgeX3.0025+5.781%Gate3.0030+5.799%
OKX
QFEX
ApeX Omni
Orderly
Lighter
Paradex
Kraken Futures
Aster
SunX
HTX
GateNATGAS 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 | −5.355% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.335% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| BloFin NG-USDT | −0.133% | +0.0259% | 8h | $85K | $188K | 20x | as long as short |
| Bitget NATGASUSDT | −0.100% | +0.0672% | 4h | $10.0M | $4.1M | 100x | as long as short |
| Ondo Perps NATGAS-USD.P | −0.033% | +0.0050% | 1h | $87K | $67K | 10x | as long as short |
| Pacifica NATGAS | −0.033% | +0.0100% | 1h | $82K | $19K | 10x | as long as short |
| Binance NATGASUSDTlong | 0.000% | +0.0140% | 4h | $10.0M | $29.0M | 100x | |
| KuCoin NATGASUSDTM | 0.000% | +0.0100% | 4h | $1.0M | $992K | 20x | as long as short |
| Phemex NGUSDT | 0.000% | +0.0100% | 4h | $1.5M | $88K | 10x | as long as short |
| Extended XNG-USD | +0.016% | +0.0032% | 1h | $109K | $1.4M | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NATGAS | +0.017% | +0.0050% | 1h | $5.7M | $5.9M | 10x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | +0.017% | L +0.0502% / S −0.0430% | 1h | $93K | — | 45x | as long as short |
| Variational Omni NATGAS | +0.020% | +0.0076% | 4h | $664K | $146K | — | as long as short |
| Hotstuff NATGAS-PERPshort | +0.030% | +0.0088% | 1h | $35K | — | 20x | |
| OKX NG-USDT-SWAP | +0.033% | +0.0273% | 8h | $893K | $1.7M | 50x | as long as short |
| QFEX NATGAS-USD | +0.033% | +0.0003% | 1h | $658K | $142K | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.033% | +0.0100% | 1h | $37K | $217K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.033% | +0.0100% | 8h | $3K | $278 | 10x | as long as short |
| Lighter NATGAS | +0.040% | +0.0032% | 1h | $620K | $405K | 10x | as long as short |
| Paradex NG-USD-PERP | +0.045% | +0.0050% | 8h | $5K | — | 5x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.051% | +0.0481% | 1h | $52K | $55K | 20x | as long as short |
| Aster NATGASUSDT | +0.068% | +0.0051% | 4h | $265K | $102K | 50x | as long as short |
| SunX NATGAS-USDT | +0.073% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| HTX NATGAS-USDT | +0.077% | 0.0000% | 4h | $97K | $224K | 75x | as long as short |
| edgeX NATGASUSDC | +0.116% | +0.0142% | 4h | $85K | $214K | 20x | as long as short |
| Gate NG_USDT | +0.133% | +0.0353% | 8h | $1.5M | $374K | 100x | as long as short |