Spread before costs (cost unknown: a leg has no order-book sample)+0.017%
7d average—if it closes, per $10,000$2funding while held, a day−$11.39
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX NATGAS/USD [ETH-USDC] | 2.9885 | L +0.0412% / S −0.0333% | pay 0.0051% / 1h | 3m 14s | $93K | — | 45x |
| Short | Lighter NATGAS | 2.9890 | 0.0032 | get 0.0004% / 1h | 3m 14s | $616K | $417K | 10x |
GMX NATGAS/USD [ETH-USDC]
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
- $1.67
- Funding while held
- −$11.39
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.71
- Spread needed to break even
- 0.120%
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 28 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0380%
- Per $10,000 a day
- −$11.39
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 28 min ago | 0.83 bp | 6.9 bp −$7 | 13.6 bp −$136 | 76.6 bp −$7,658 | doesn't fit |
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)2.8286cheapest
gTrade (Gains Network)Vest2.8310+0.085%
Orderly2.9800+5.352%Aster2.9840+5.494%Variational Omni2.9846+5.515%Bitget2.9850+5.529%BloFin2.9850+5.529%Pacifica2.9856+5.550%Extended2.9857+5.555%OKX2.9860+5.565%KuCoin2.9860+5.565%edgeX2.9865+5.582%Hotstuff2.9866+5.586%Binance2.9870+5.600%QFEX2.9870+5.600%Phemex2.9870+5.600%tradeXYZ2.9872+5.607%
Vest
Orderly
Aster
Variational Omni
Bitget
BloFin
Pacifica
Extended
OKX
KuCoin
Hotstuff
Binance
QFEX
Phemex
tradeXYZGMX2.9885+5.653%
Lighter2.9890+5.671%
Gate2.9890+5.671%Kraken Futures2.9891+5.673%Ondo Perps2.9891+5.674%SunX2.9892+5.678%Paradex2.9898+5.701%ApeX Omni2.9900+5.706%HTX2.9904+5.720%
Gate
Kraken Futures
Ondo Perps
SunX
Paradex
ApeX Omni
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 | −5.351% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.270% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | −0.284% | +0.0100% | 8h | $3K | $278 | 10x | as long as short |
| Aster NATGASUSDT | −0.151% | +0.0234% | 4h | $264K | $104K | 50x | as long as short |
| Variational Omni NATGAS | −0.130% | +0.0260% | 4h | $326K | $479K | — | as long as short |
| Bitget NATGASUSDT | −0.117% | +0.0758% | 4h | $10.0M | $4.3M | 100x | as long as short |
| BloFin NG-USDT | −0.117% | +0.0277% | 8h | $84K | $189K | 20x | as long as short |
| Pacifica NATGAS | −0.097% | +0.0100% | 1h | $80K | $22K | 10x | as long as short |
| Extended XNG-USD | −0.092% | +0.0032% | 1h | $102K | $1.3M | 5x | as long as short |
| OKX NG-USDT-SWAP | −0.084% | +0.0263% | 8h | $893K | $1.8M | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin NATGASUSDTM | −0.084% | +0.0114% | 4h | $1.0M | $1.1M | 20x | as long as short |
| edgeX NATGASUSDC | −0.068% | +0.0315% | 4h | $85K | $214K | 20x | as long as short |
| Hotstuff NATGAS-PERP | −0.064% | −0.0024% | 1h | $35K | — | 20x | as long as short |
| Binance NATGASUSDT | −0.050% | +0.0322% | 4h | $10.1M | $32.4M | 100x | as long as short |
| QFEX NATGAS-USD | −0.050% | +0.0002% | 1h | $655K | $102K | 20x | as long as short |
| Phemex NGUSDT | −0.050% | +0.0100% | 4h | $1.5M | $96K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | −0.044% | +0.0080% | 1h | $5.8M | $6.6M | 10x | as long as short |
| GMX NATGAS/USD [ETH-USDC]long | 0.000% | L +0.0412% / S −0.0333% | 1h | $93K | — | 45x | |
| Lighter NATGASshort | +0.017% | +0.0032% | 1h | $616K | $417K | 10x | |
| Gate NG_USDT | +0.017% | +0.0340% | 8h | $1.5M | $386K | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.019% | +0.0424% | 1h | $52K | $56K | 20x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.020% | +0.0050% | 1h | $83K | $70K | 10x | as long as short |
| SunX NATGAS-USDT | +0.023% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| Paradex NG-USD-PERP | +0.045% | +0.0072% | 8h | $5K | — | 5x | as long as short |
| ApeX Omni NATGASUSDT | +0.050% | +0.0100% | 1h | $36K | $215K | 50x | as long as short |
| HTX NATGAS-USDT | +0.064% | +0.0001% | 4h | $97K | $224K | 75x | as long as short |