Spread before costs (cost unknown: a leg has no order-book sample)−0.152%
7d average—if it closes, per $10,000$15funding while held, a day+$7.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NATGASUSD | 2.9995 | 0.0505 | pay 0.0063% / 1h | 24m 14s | $54K | $58K | 20x |
| Short | Bitget NATGASUSDT | 2.9950 | 0.0762 | get 0.0381% / 4h | 24m 14s | $9.9M | $3.9M | 100x |
Kraken Futures PF_NATGASUSD
Bitget NATGASUSDTPrice 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
- −$15.16
- Funding while held
- $7.71
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$29.45
- Spread needed to break even
- 0.220%
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0257%
- Per $10,000 a day
- +$7.71
- 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 1 min ago | 1.67 bp | 11.5 bp −$11 | 22.3 bp −$223 | 68.8 bp −$6,882 | doesn't fit |
Kraken Futures: 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)2.8440cheapest
gTrade (Gains Network)Vest2.8450+0.035%
VestBitget2.9950+5.309%
BloFin2.9950+5.309%Ondo Perps2.9953+5.320%OKX2.9960+5.345%KuCoin2.9960+5.345%Variational Omni2.9962+5.353%edgeX2.9964+5.357%Phemex2.9970+5.380%GMX2.9975+5.397%Binance2.9978+5.409%Pacifica2.9978+5.409%Extended2.9979+5.410%tradeXYZ2.9980+5.415%Aster2.9980+5.415%QFEX2.9980+5.415%Hotstuff2.9986+5.436%Lighter2.9989+5.447%Paradex2.9991+5.454%SunX2.9992+5.457%
BloFin
Ondo Perps
OKX
KuCoin
Variational Omni
Phemex
GMX
Binance
Pacifica
Extended
tradeXYZ
Aster
QFEX
Hotstuff
Lighter
Paradex
SunXKraken Futures2.9995+5.469%
Gate3.0000+5.485%ApeX Omni3.0000+5.485%Orderly3.0000+5.485%HTX3.0006+5.506%
Gate
ApeX Omni
Orderly
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 | −5.186% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.152% | +0.0046% | 1h | — | — | 10x | as long as short |
| Bitget NATGASUSDTshort | −0.152% | +0.0762% | 4h | $9.9M | $3.9M | 100x | |
| BloFin NG-USDT | −0.152% | +0.0355% | 8h | $87K | $176K | 20x | as long as short |
| Ondo Perps NATGAS-USD.P | −0.142% | +0.0050% | 1h | $83K | $64K | 10x | as long as short |
| OKX NG-USDT-SWAP | −0.118% | +0.0372% | 8h | $897K | $1.6M | 50x | as long as short |
| KuCoin NATGASUSDTM | −0.118% | +0.0108% | 4h | $1.0M | $909K | 20x | as long as short |
| Variational Omni NATGAS | −0.110% | +0.0106% | 4h | $657K | $152K | — | as long as short |
| edgeX NATGASUSDC | −0.106% | +0.0216% | 4h | $85K | $213K | 20x | as long as short |
| Phemex NGUSDT | −0.085% | +0.0100% | 4h | $1.5M | $83K | 10x | 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] | −0.068% | L +0.0651% / S −0.0785% | 1h | $82K | — | 45x | as long as short |
| Binance NATGASUSDT | −0.057% | +0.0194% | 4h | $10.1M | $26.6M | 100x | as long as short |
| Pacifica NATGAS | −0.057% | +0.0100% | 1h | $83K | $17K | 10x | as long as short |
| Extended XNG-USD | −0.056% | +0.0032% | 1h | $118K | $1.4M | 5x | as long as short |
| tradeXYZ xyz:NATGAS | −0.052% | +0.0050% | 1h | $5.8M | $5.6M | 10x | as long as short |
| Aster NATGASUSDT | −0.052% | +0.0097% | 4h | $264K | $78K | 50x | as long as short |
| QFEX NATGAS-USD | −0.052% | −0.0003% | 1h | $658K | $144K | 20x | as long as short |
| Hotstuff NATGAS-PERP | −0.032% | +0.0208% | 1h | $35K | — | 20x | as long as short |
| Lighter NATGAS | −0.022% | +0.0032% | 1h | $622K | $357K | 10x | as long as short |
| Paradex NG-USD-PERP | −0.015% | +0.0051% | 8h | $5K | — | 5x | as long as short |
| SunX NATGAS-USDT | −0.012% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| Kraken Futures PF_NATGASUSDlong | 0.000% | +0.0505% | 1h | $54K | $58K | 20x | |
| Gate NG_USDT | +0.015% | +0.0411% | 8h | $1.5M | $368K | 100x | as long as short |
| ApeX Omni NATGASUSDT | +0.015% | +0.0100% | 1h | $37K | $221K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.015% | +0.0100% | 8h | $3K | $12 | 10x | as long as short |
| HTX NATGAS-USDT | +0.035% | 0.0000% | 4h | $97K | $225K | 75x | as long as short |