After costs, if the gap returns to its 7d average, $10k−$115
spread now−0.067%7d average−0.022%fees + slippage, in and out−$111spread needed1.108%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NG_USDT | 3.0040 | 0.0341 | pay 0.0341% / 8h | 6h 26m | $1.5M | $375K | 100x |
| Short | Phemex NGUSDT | 3.0020 | 0.0100 | get 0.0050% / 4h | 2h 26m | $1.5M | $90K | 10x |
Gate NG_USDT
Phemex NGUSDTPrice 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
- −$6.66
- Funding while held
- −$7.23
- Slippage, 4 orders
- −$83.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$124.67
- Spread needed to break even
- 1.108%
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0241%
- Per $10,000 a day
- −$7.23
- 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 Gate live order book, 2 min ago | 3.33 bp | 23.4 bp −$23 | 74.6 bp −$746 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 6.66 bp | 36.9 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
NATGAS price on every exchange
against the cheapest. Click to use as the short leg.Vest2.8420cheapest
VestgTrade (Gains Network)2.8420cheapest
OKX3.0000+5.559%Bitget3.0000+5.559%ApeX Omni3.0000+5.559%Orderly3.0000+5.559%Variational Omni3.0007+5.583%Aster3.0010+5.595%Pacifica3.0010+5.595%BloFin3.0010+5.595%tradeXYZ3.0017+5.619%Hotstuff3.0018+5.623%Binance3.0020+5.630%QFEX3.0020+5.630%KuCoin3.0020+5.630%
gTrade (Gains Network)
OKX
Bitget
ApeX Omni
Orderly
Variational Omni
Aster
Pacifica
BloFin
tradeXYZ
Hotstuff
Binance
QFEX
KuCoinPhemex3.0020+5.630%
Extended3.0023+5.640%GMX3.0025+5.647%edgeX3.0027+5.655%Paradex3.0029+5.660%Kraken Futures3.0029+5.663%SunX3.0032+5.672%Ondo Perps3.0033+5.676%
Extended
GMX
Paradex
Kraken Futures
SunX
Ondo PerpsGate3.0040+5.700%
Lighter3.0043+5.711%HTX3.0043+5.711%
Lighter
HTXNATGAS on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Vest NG-PERP | −5.393% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| gTrade (Gains Network) NATGAS/USD | −5.393% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| OKX NG-USDT-SWAP | −0.133% | +0.0267% | 8h | $891K | $1.7M | 50x | as long as short |
| Bitget NATGASUSDT | −0.133% | +0.0710% | 4h | $10.0M | $4.1M | 100x | as long as short |
| ApeX Omni NATGASUSDT | −0.133% | +0.0100% | 1h | $37K | $215K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | −0.133% | +0.0100% | 8h | $3K | $278 | 10x | as long as short |
| Variational Omni NATGAS | −0.111% | +0.0110% | 4h | $664K | $146K | — | as long as short |
| Aster NATGASUSDT | −0.100% | +0.0075% | 4h | $265K | $103K | 50x | as long as short |
| Pacifica NATGAS | −0.100% | +0.0100% | 1h | $82K | $21K | 10x | as long as short |
| BloFin NG-USDT | −0.100% | +0.0257% | 8h | $85K | $189K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NATGAS | −0.077% | +0.0050% | 1h | $5.7M | $5.9M | 10x | as long as short |
| Hotstuff NATGAS-PERP | −0.073% | +0.0016% | 1h | $35K | — | 20x | as long as short |
| Binance NATGASUSDT | −0.067% | +0.0172% | 4h | $10.1M | $29.6M | 100x | as long as short |
| QFEX NATGAS-USD | −0.067% | +0.0003% | 1h | $659K | $142K | 20x | as long as short |
| KuCoin NATGASUSDTM | −0.067% | +0.0100% | 4h | $1.0M | $1.0M | 20x | as long as short |
| Phemex NGUSDTshort | −0.067% | +0.0100% | 4h | $1.5M | $90K | 10x | |
| Extended XNG-USD | −0.057% | +0.0032% | 1h | $109K | $1.4M | 5x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | −0.050% | L +0.0457% / S −0.0381% | 1h | $93K | — | 45x | as long as short |
| edgeX NATGASUSDC | −0.043% | +0.0174% | 4h | $85K | $215K | 20x | as long as short |
| Paradex NG-USD-PERP | −0.038% | +0.0050% | 8h | $5K | — | 5x | as long as short |
| Kraken Futures PF_NATGASUSD | −0.035% | +0.0480% | 1h | $52K | $55K | 20x | as long as short |
| SunX NATGAS-USDT | −0.027% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| Ondo Perps NATGAS-USD.P | −0.023% | +0.0050% | 1h | $86K | $68K | 10x | as long as short |
| Gate NG_USDTlong | 0.000% | +0.0341% | 8h | $1.5M | $375K | 100x | |
| Lighter NATGAS | +0.010% | +0.0032% | 1h | $620K | $406K | 10x | as long as short |
| HTX NATGAS-USDT | +0.010% | 0.0000% | 4h | $97K | $224K | 75x | as long as short |