Spread before costs (cost unknown: a leg has no order-book sample)+0.099%
7d average—if it closes, per $10,000$10funding while held, a day−$18.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NATGASUSDT | 3.0010 | 0.0710 | pay 0.0355% / 4h | 2h 12m | $10.0M | $4.1M | 100x |
| Short | Pacifica NATGAS | 3.0040 | 0.0100 | get 0.0013% / 1h | 12m 45s | $82K | $21K | 10x |
Bitget NATGASUSDT
Pacifica 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
- $9.89
- Funding while held
- −$18.3
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$28.41
- Spread needed to break even
- 0.200%
Slippage unknown: Bitget: live order book, 2 min ago; Pacifica: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0610%
- Per $10,000 a day
- −$18.30
- 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, 2 min ago | 1.67 bp | 9.8 bp −$10 | 19.2 bp −$192 | 64.9 bp −$6,494 | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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)2.8429cheapest
gTrade (Gains Network)Vest2.8440+0.039%
ApeX Omni3.0000+5.526%Orderly3.0000+5.526%
Vest
ApeX Omni
OrderlyBitget3.0010+5.561%
Pacifica3.0040+5.666%
Aster3.0040+5.666%OKX3.0040+5.667%KuCoin3.0040+5.667%BloFin3.0040+5.667%GMX3.0045+5.684%Ondo Perps3.0049+5.698%QFEX3.0050+5.702%Hotstuff3.0055+5.720%Binance3.0056+5.722%Kraken Futures3.0056+5.722%Variational Omni3.0058+5.728%edgeX3.0058+5.729%Paradex3.0058+5.730%Extended3.0059+5.734%Phemex3.0060+5.737%tradeXYZ3.0061+5.741%SunX3.0061+5.741%Lighter3.0068+5.765%HTX3.0073+5.783%Gate3.0080+5.807%
Aster
OKX
KuCoin
BloFin
GMX
Ondo Perps
QFEX
Hotstuff
Binance
Kraken Futures
Variational Omni
Paradex
Extended
Phemex
tradeXYZ
SunX
Lighter
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 | −5.268% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.232% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| ApeX Omni NATGASUSDT | −0.033% | +0.0100% | 1h | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | −0.033% | +0.0100% | 8h | $3K | $278 | 10x | as long as short |
| Bitget NATGASUSDTlong | 0.000% | +0.0710% | 4h | $10.0M | $4.1M | 100x | |
| Pacifica NATGASshort | +0.099% | +0.0100% | 1h | $82K | $21K | 10x | |
| Aster NATGASUSDT | +0.099% | +0.0089% | 4h | $265K | $103K | 50x | as long as short |
| OKX NG-USDT-SWAP | +0.100% | +0.0260% | 8h | $894K | $1.7M | 50x | as long as short |
| KuCoin NATGASUSDTM | +0.100% | +0.0100% | 4h | $1.0M | $1.0M | 20x | as long as short |
| BloFin NG-USDT | +0.100% | +0.0281% | 8h | $85K | $189K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX NATGAS/USD [ETH-USDC] | +0.117% | L +0.0458% / S −0.0381% | 1h | $93K | — | 45x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.130% | +0.0050% | 1h | $87K | $68K | 10x | as long as short |
| QFEX NATGAS-USD | +0.133% | +0.0003% | 1h | $660K | $142K | 20x | as long as short |
| Hotstuff NATGAS-PERP | +0.150% | +0.0192% | 1h | $35K | — | 20x | as long as short |
| Binance NATGASUSDT | +0.152% | +0.0185% | 4h | $10.1M | $29.9M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.152% | +0.0480% | 1h | $52K | $55K | 20x | as long as short |
| Variational Omni NATGAS | +0.158% | +0.0141% | 4h | $662K | $149K | — | as long as short |
| edgeX NATGASUSDC | +0.159% | +0.0203% | 4h | $85K | $214K | 20x | as long as short |
| Paradex NG-USD-PERP | +0.160% | +0.0050% | 8h | $5K | — | 5x | as long as short |
| Extended XNG-USD | +0.164% | +0.0032% | 1h | $109K | $1.4M | 5x | as long as short |
| Phemex NGUSDT | +0.167% | +0.0100% | 4h | $1.5M | $91K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.170% | +0.0050% | 1h | $5.7M | $6.0M | 10x | as long as short |
| SunX NATGAS-USDT | +0.170% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| Lighter NATGAS | +0.193% | +0.0032% | 1h | $621K | $406K | 10x | as long as short |
| HTX NATGAS-USDT | +0.210% | 0.0000% | 4h | $98K | $224K | 75x | as long as short |
| Gate NG_USDT | +0.233% | +0.0340% | 8h | $1.5M | $375K | 100x | as long as short |