After costs, if the gap returns to its 7d average, $10k−$1
spread now+0.212%7d average−0.083%fees + slippage, in and out−$30spread needed0.300%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 2.9780 | 0.0740 | pay 0.0370% / 4h | 1h 10m | $9.9M | $4.2M | 100x |
| Short | Lighter NATGAS | 2.9843 | 0.0032 | get 0.0004% / 1h | 10m 32s | $614K | $416K | 10x |
Bitget NATGASUSDT
Lighter NATGASPrice 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
- $21.16
- Funding while held
- −$21.24
- Slippage, 4 orders
- −$17.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$30.06
- Spread needed to break even
- 0.300%
Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 21 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0708%
- Per $10,000 a day
- −$21.24
- 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 Bitget live order book, 4 min ago | 1.68 bp | 10.4 bp −$10 | 20.8 bp −$208 | 84.5 bp −$8,453 | doesn't fit |
| Sell Lighter live order book, 21 min ago | 0.83 bp | 6.9 bp −$7 | 13.6 bp −$136 | 76.6 bp −$7,658 | doesn't fit |
NATGAS price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)2.8246cheapest
gTrade (Gains Network)Vest2.8270+0.085%
VestBitget2.9780+5.431%
ApeX Omni2.9800+5.502%Orderly2.9800+5.502%BloFin2.9800+5.502%Pacifica2.9814+5.551%Hotstuff2.9814+5.551%Variational Omni2.9816+5.558%Extended2.9817+5.561%OKX2.9820+5.572%KuCoin2.9820+5.572%Phemex2.9820+5.572%tradeXYZ2.9822+5.580%Binance2.9830+5.608%edgeX2.9835+5.625%GMX2.9835+5.626%Paradex2.9836+5.630%Ondo Perps2.9838+5.636%Aster2.9840+5.643%QFEX2.9840+5.643%
ApeX Omni
Orderly
BloFin
Pacifica
Hotstuff
Variational Omni
Extended
OKX
KuCoin
Phemex
tradeXYZ
Binance
GMX
Paradex
Ondo Perps
Aster
QFEXLighter2.9843+5.654%
Kraken Futures2.9850+5.678%Gate2.9850+5.679%SunX2.9852+5.686%HTX2.9852+5.686%
Kraken Futures
Gate
SunX
HTXNATGAS 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 | −5.151% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.071% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| Bitget NATGASUSDTlong | 0.000% | +0.0740% | 4h | $9.9M | $4.2M | 100x | |
| ApeX Omni NATGASUSDT | +0.067% | +0.0100% | 1h | $36K | $216K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.067% | +0.0100% | 8h | $3K | $278 | 10x | as long as short |
| BloFin NG-USDT | +0.067% | +0.0252% | 8h | $84K | $189K | 20x | as long as short |
| Pacifica NATGAS | +0.114% | +0.0100% | 1h | $80K | $22K | 10x | as long as short |
| Hotstuff NATGAS-PERP | +0.114% | +0.0024% | 1h | $35K | — | 20x | as long as short |
| Variational Omni NATGAS | +0.121% | +0.0219% | 4h | $657K | $147K | — | as long as short |
| Extended XNG-USD | +0.123% | +0.0032% | 1h | $104K | $1.3M | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX NG-USDT-SWAP | +0.134% | +0.0255% | 8h | $887K | $1.8M | 50x | as long as short |
| KuCoin NATGASUSDTM | +0.134% | +0.0100% | 4h | $1.0M | $1.1M | 20x | as long as short |
| Phemex NGUSDT | +0.134% | +0.0100% | 4h | $1.5M | $96K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.141% | +0.0080% | 1h | $5.8M | $6.6M | 10x | as long as short |
| Binance NATGASUSDT | +0.168% | +0.0279% | 4h | $10.0M | $31.8M | 100x | as long as short |
| edgeX NATGASUSDC | +0.185% | +0.0273% | 4h | $85K | $212K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | +0.185% | L +0.0412% / S −0.0333% | 1h | $93K | — | 45x | as long as short |
| Paradex NG-USD-PERP | +0.189% | +0.0055% | 8h | $5K | — | 5x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.195% | +0.0050% | 1h | $83K | $70K | 10x | as long as short |
| Aster NATGASUSDT | +0.201% | +0.0186% | 4h | $264K | $104K | 50x | as long as short |
| QFEX NATGAS-USD | +0.201% | +0.0002% | 1h | $654K | $99K | 20x | as long as short |
| Lighter NATGASshort | +0.212% | +0.0032% | 1h | $614K | $416K | 10x | |
| Kraken Futures PF_NATGASUSD | +0.235% | +0.0425% | 1h | $52K | $56K | 20x | as long as short |
| Gate NG_USDT | +0.235% | +0.0325% | 8h | $1.5M | $384K | 100x | as long as short |
| SunX NATGAS-USDT | +0.242% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| HTX NATGAS-USDT | +0.242% | 0.0000% | 4h | $97K | $224K | 75x | as long as short |