NATGAS

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+5.676%

7d average—if it closes, per $10,000$568funding while held, a day+$19.13

Long on gTrade (Gains Network)Short on GMX

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NATGAS/USD	2.8346	L 0.0000% / S 0.0000%	get 0.0000% / 1h	8m 28s	—	—	—
Short	GMX NATGAS/USD [ETH-USDC]	2.9955	L +0.0547% / S −0.0638%	get 0.0080% / 1h	8m 28s	$82K	—	45x

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 gTrade (Gains Network)bpFee GMXbpOrdersClose when spread is

Spread captured: $567.63
Funding while held: $19.13
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $564.76
Spread needed to break even: 0.220%

Slippage unknown: gTrade (Gains Network): no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0638%
Per $10,000 a day: +$19.13
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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and GMX: 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)2.8346cheapest

Vest2.8380+0.120%

Orderly2.9900+5.482%

Bitget2.9920+5.553%

Pacifica2.9924+5.567%

Extended2.9936+5.609%

tradeXYZ2.9938+5.616%

OKX2.9940+5.623%

Lighter2.9943+5.634%

Paradex2.9943+5.636%

Binance2.9944+5.639%

QFEX2.9950+5.659%

KuCoin2.9950+5.659%

GMX2.9955+5.676%

Hotstuff2.9956+5.680%

Phemex2.9960+5.694%

Kraken Futures2.9968+5.724%

Aster2.9973+5.741%

Ondo Perps2.9978+5.757%

Gate2.9980+5.764%

SunX2.9982+5.772%

BloFin2.9990+5.800%

ApeX Omni3.0000+5.835%

HTX3.0005+5.853%

Variational Omni3.0008+5.863%

edgeX3.0010+5.871%

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/USDlong	0.000%	L 0.0000% / S 0.0000%	1h	—	—	—
Vest NG-PERP	+0.120%	+0.0046%	1h	—	$378	10x	as long as short
Orderly PERP_NATGAS_USDC_mythos	+5.482%	+0.0100%	8h	$3K	$12	10x	as long as short
Bitget NATGASUSDT	+5.553%	+0.0630%	4h	$9.9M	$4.0M	100x	as long as short
Pacifica NATGAS	+5.567%	+0.0100%	1h	$82K	$18K	10x	as long as short
Extended XNG-USD	+5.609%	+0.0032%	1h	$109K	$1.4M	5x	as long as short
tradeXYZ xyz:NATGAS	+5.616%	+0.0050%	1h	$5.7M	$5.8M	10x	as long as short
OKX NG-USDT-SWAP	+5.623%	+0.0277%	8h	$894K	$1.7M	50x	as long as short
Lighter NATGAS	+5.634%	+0.0032%	1h	$619K	$403K	10x	as long as short
Paradex NG-USD-PERP	+5.636%	+0.0050%	8h	$5K	—	5x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Binance NATGASUSDT	+5.639%	+0.0111%	4h	$10.0M	$28.2M	100x	as long as short
QFEX NATGAS-USD	+5.659%	0.0000%	1h	$657K	$138K	20x	as long as short
KuCoin NATGASUSDTM	+5.659%	+0.0100%	4h	$1.0M	$970K	20x	as long as short
GMX NATGAS/USD [ETH-USDC]short	+5.676%	L +0.0547% / S −0.0638%	1h	$82K	—	45x
Hotstuff NATGAS-PERP	+5.680%	+0.0008%	1h	$35K	—	20x	as long as short
Phemex NGUSDT	+5.694%	+0.0100%	4h	$1.5M	$86K	10x	as long as short
Kraken Futures PF_NATGASUSD	+5.724%	+0.0660%	1h	$53K	$57K	20x	as long as short
Aster NATGASUSDT	+5.741%	+0.0022%	4h	$264K	$102K	50x	as long as short
Ondo Perps NATGAS-USD.P	+5.757%	+0.0050%	1h	$87K	$67K	10x	as long as short
Gate NG_USDT	+5.764%	+0.0341%	8h	$1.5M	$376K	100x	as long as short
SunX NATGAS-USDT	+5.772%	0.0000%	4h	$2K	$2.6M	20x	as long as short
BloFin NG-USDT	+5.800%	+0.0282%	8h	$85K	$178K	20x	as long as short
ApeX Omni NATGASUSDT	+5.835%	+0.0100%	1h	$37K	$219K	50x	as long as short
HTX NATGAS-USDT	+5.853%	0.0000%	4h	$97K	$224K	75x	as long as short
Variational Omni NATGAS	+5.863%	+0.0045%	4h	$664K	$146K	—	as long as short
edgeX NATGASUSDC	+5.871%	+0.0113%	4h	$85K	$213K	20x	as long as short