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−$1.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NATGASUSDT | 3.0000 | 0.0104 | pay 0.0052% / 4h | 3h 11m | $10.1M | $28.1M | 100x |
| Short | Ondo Perps NATGAS-USD.P | 3.0009 | 0.0050 | get 0.0006% / 1h | 11m 02s | $87K | $68K | 10x |
Binance NATGASUSDT
Ondo Perps NATGAS-USD.PPrice 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
- $3.04
- Funding while held
- −$1.59
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$13.55
- Spread needed to break even
- 0.150%
Slippage unknown: Binance: live order book, 2 min ago; Ondo Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0053%
- Per $10,000 a day
- −$1.59
- 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, 2 min ago | 1.67 bp | 6.7 bp −$7 | 9.2 bp −$92 | 36.2 bp −$3,622 | 138.2 bp −$69.1K |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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)2.8401cheapest
gTrade (Gains Network)Vest2.8410+0.032%
Bitget2.9960+5.489%BloFin2.9970+5.524%OKX2.9980+5.560%Pacifica2.9990+5.595%KuCoin2.9990+5.595%Extended2.9996+5.616%
Vest
Bitget
BloFin
OKX
Pacifica
KuCoin
ExtendedBinance3.0000+5.630%
QFEX3.0000+5.630%ApeX Omni3.0000+5.630%Orderly3.0000+5.630%Hotstuff3.0002+5.637%tradeXYZ3.0004+5.644%GMX3.0005+5.648%Lighter3.0008+5.658%
QFEX
ApeX Omni
Orderly
Hotstuff
tradeXYZ
GMX
LighterOndo Perps3.0009+5.662%
Paradex3.0009+5.663%Phemex3.0010+5.665%edgeX3.0010+5.666%Variational Omni3.0017+5.688%HTX3.0017+5.690%Kraken Futures3.0021+5.705%SunX3.0022+5.708%Aster3.0028+5.728%Gate3.0030+5.736%
Paradex
Phemex
Variational Omni
HTX
Kraken Futures
SunX
Aster
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 | −5.330% | 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 | −0.133% | +0.0622% | 4h | $10.0M | $4.0M | 100x | as long as short |
| BloFin NG-USDT | −0.100% | +0.0300% | 8h | $85K | $177K | 20x | as long as short |
| OKX NG-USDT-SWAP | −0.066% | +0.0273% | 8h | $895K | $1.7M | 50x | as long as short |
| Pacifica NATGAS | −0.033% | +0.0100% | 1h | $83K | $18K | 10x | as long as short |
| KuCoin NATGASUSDTM | −0.033% | +0.0100% | 4h | $1.0M | $968K | 20x | as long as short |
| Extended XNG-USD | −0.013% | +0.0032% | 1h | $109K | $1.4M | 5x | as long as short |
| Binance NATGASUSDTlong | 0.000% | +0.0104% | 4h | $10.1M | $28.1M | 100x | |
| QFEX NATGAS-USD | 0.000% | 0.0000% | 1h | $658K | $138K | 20x | as long as short |