NATGAS

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.067%

7d average—if it closes, per $10,000$7funding while held, a day−$2.23

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NATGASUSDT	3.0020	0.0174	pay 0.0087% / 4h	2h 25m	$10.1M	$29.7M	100x
Short	Orderly PERP_NATGAS_USDC_mythos	3.0000	0.0100	get 0.0100% / 8h	6h 25m	$3K	$278	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

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

Profit calculator

Position, each leg$Hold forhoursFee BinancebpFee OrderlybpOrdersClose when spread is

Spread captured: −$6.66
Funding while held: −$2.23
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$24.89
Spread needed to break even: 0.160%

Slippage unknown: Binance: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0074%
Per $10,000 a day: −$2.23
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, 3 min ago	1.67 bp	6.7 bp −$7	10.8 bp −$108	35.8 bp −$3,584	139.7 bp −$69.9K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

NATGAS 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	−5.346%	L 0.0000% / S 0.0000%	1h	—	—	—	as long as short
Vest NG-PERP	−5.296%	+0.0046%	1h	—	$378	10x	as long as short
Bitget NATGASUSDT	−0.100%	+0.0712%	4h	$10.0M	$4.1M	100x	as long as short
OKX NG-USDT-SWAP	−0.067%	+0.0267%	8h	$891K	$1.7M	50x	as long as short
ApeX Omni NATGASUSDT	−0.067%	+0.0100%	1h	$37K	$215K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythosshort	−0.067%	+0.0100%	8h	$3K	$278	10x
BloFin NG-USDT	−0.067%	+0.0274%	8h	$85K	$189K	20x	as long as short
Aster NATGASUSDT	−0.033%	+0.0076%	4h	$265K	$103K	50x	as long as short
Extended XNG-USD	−0.013%	+0.0032%	1h	$109K	$1.4M	5x	as long as short
Variational Omni NATGAS	−0.011%	+0.0119%	4h	$664K	$146K	—	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica NATGAS	−0.009%	+0.0100%	1h	$82K	$21K	10x	as long as short
Hotstuff NATGAS-PERP	−0.007%	+0.0016%	1h	$35K	—	20x	as long as short
Binance NATGASUSDTlong	0.000%	+0.0174%	4h	$10.1M	$29.7M	100x
QFEX NATGAS-USD	0.000%	+0.0003%	1h	$659K	$142K	20x	as long as short
KuCoin NATGASUSDTM	0.000%	+0.0100%	4h	$1.0M	$1.0M	20x	as long as short
Phemex NGUSDT	0.000%	+0.0100%	4h	$1.5M	$90K	10x	as long as short
GMX NATGAS/USD [ETH-USDC]	+0.017%	L +0.0457% / S −0.0381%	1h	$93K	—	45x	as long as short
tradeXYZ xyz:NATGAS	+0.020%	+0.0050%	1h	$5.8M	$5.9M	10x	as long as short
edgeX NATGASUSDC	+0.024%	+0.0174%	4h	$85K	$215K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.036%	+0.0480%	1h	$52K	$55K	20x	as long as short
Ondo Perps NATGAS-USD.P	+0.043%	+0.0050%	1h	$86K	$68K	10x	as long as short
Lighter NATGAS	+0.050%	+0.0032%	1h	$620K	$406K	10x	as long as short
Paradex NG-USD-PERP	+0.061%	+0.0050%	8h	$5K	—	5x	as long as short
Gate NG_USDT	+0.067%	+0.0341%	8h	$1.5M	$375K	100x	as long as short
HTX NATGAS-USDT	+0.067%	0.0000%	4h	$97K	$224K	75x	as long as short
SunX NATGAS-USDT	+0.073%	0.0000%	4h	$2K	$2.6M	20x	as long as short