NATGAS

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After costs, if the gap returns to its 7d average, $10k−$39

spread now0.000%7d average+0.047%fees + slippage, in and out−$35spread needed0.346%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NG-USDT	3.0000	0.0271	pay 0.0271% / 8h	7h 12m	$85K	$178K	20x
Short	Binance NATGASUSDT	3.0000	0.0101	get 0.0050% / 4h	3h 12m	$10.1M	$28.1M	100x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

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

Position, each leg$Hold forhoursFee BloFinbpFee BinancebpOrdersClose when spread is

Slippage from BloFin: live order book, 46 min ago; Binance: live order book, 15 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 46 min ago	3.33 bp	9.3 bp −$9	10.4 bp −$104	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.66 bp	6.7 bp −$7	11.2 bp −$112	40.9 bp −$4,089	141.2 bp −$70.6K

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) NATGAS/USD	−5.317%	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	−0.100%	+0.0620%	4h	$10.0M	$4.0M	100x	as long as short
OKX NG-USDT-SWAP	−0.033%	+0.0272%	8h	$895K	$1.7M	50x	as long as short
Extended XNG-USD	−0.009%	+0.0032%	1h	$105K	$1.4M	5x	as long as short
tradeXYZ xyz:NATGAS	−0.007%	+0.0050%	1h	$5.7M	$5.8M	10x	as long as short
Pacifica NATGAS	−0.004%	+0.0100%	1h	$83K	$18K	10x	as long as short
Binance NATGASUSDTshort	0.000%	+0.0101%	4h	$10.1M	$28.1M	100x
QFEX NATGAS-USD	0.000%	0.0000%	1h	$658K	$138K	20x	as long as short
KuCoin NATGASUSDTM	0.000%	+0.0100%	4h	$1.0M	$968K	20x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni NATGASUSDT	0.000%	+0.0100%	1h	$37K	$219K	50x	as long as short
Orderly PERP_NATGAS_USDC_mythos	0.000%	+0.0100%	8h	$3K	$12	10x	as long as short
BloFin NG-USDTlong	0.000%	+0.0271%	8h	$85K	$178K	20x
Hotstuff NATGAS-PERP	+0.007%	−0.0056%	1h	$35K	—	20x	as long as short
GMX NATGAS/USD [ETH-USDC]	+0.017%	L +0.0547% / S −0.0638%	1h	$82K	—	45x	as long as short
Lighter NATGAS	+0.027%	+0.0032%	1h	$620K	$401K	10x	as long as short
Paradex NG-USD-PERP	+0.028%	+0.0050%	8h	$5K	—	5x	as long as short
Ondo Perps NATGAS-USD.P	+0.030%	+0.0050%	1h	$87K	$68K	10x	as long as short
Phemex NGUSDT	+0.033%	+0.0100%	4h	$1.5M	$86K	10x	as long as short
HTX NATGAS-USDT	+0.053%	0.0000%	4h	$97K	$224K	75x	as long as short
Variational Omni NATGAS	+0.055%	+0.0034%	4h	$664K	$153K	—	as long as short
edgeX NATGASUSDC	+0.058%	+0.0095%	4h	$85K	$215K	20x	as long as short
Kraken Futures PF_NATGASUSD	+0.064%	+0.0659%	1h	$54K	$57K	20x	as long as short
SunX NATGAS-USDT	+0.073%	0.0000%	4h	$2K	$2.6M	20x	as long as short
Aster NATGASUSDT	+0.095%	+0.0013%	4h	$265K	$102K	50x	as long as short
Gate NG_USDT	+0.100%	+0.0358%	8h	$1.5M	$376K	100x	as long as short