Spread before costs (cost unknown: a leg has no order-book sample)−0.024%
7d average—if it closes, per $10,000$2funding while held, a day−$19.83
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NATGASUSD | 2.9957 | 0.0661 | pay 0.0083% / 1h | 8m 14s | $53K | $57K | 20x |
| Short | QFEX NATGAS-USD | 2.9950 | 0.0000 | pay 0.0000% / 1h | 8m 14s | $657K | $138K | 20x |
Kraken Futures PF_NATGASUSD
QFEX NATGAS-USDPrice 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
- −$2.39
- Funding while held
- −$19.83
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$42.22
- Spread needed to break even
- 0.200%
Slippage unknown: Kraken Futures: no order-book sample; QFEX: live order book, 13 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0661%
- Per $10,000 a day
- −$19.83
- 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 QFEX live order book, 13 min ago | 3.33 bp | 8.3 bp −$8 | 8.3 bp −$83 | 9.6 bp −$962 | 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)2.8331cheapest
gTrade (Gains Network)Vest2.8360+0.102%
Bitget2.9920+5.609%Pacifica2.9924+5.623%GMX2.9935+5.662%Extended2.9935+5.663%tradeXYZ2.9940+5.679%Binance2.9940+5.679%OKX2.9940+5.679%KuCoin2.9940+5.679%Phemex2.9940+5.679%Paradex2.9943+5.691%Lighter2.9946+5.700%
Vest
Bitget
Pacifica
GMX
Extended
tradeXYZ
Binance
OKX
KuCoin
Phemex
Paradex
LighterQFEX2.9950+5.715%
Hotstuff2.9956+5.736%
HotstuffKraken Futures2.9957+5.740%
SunX2.9962+5.757%Aster2.9971+5.789%Ondo Perps2.9978+5.813%Gate2.9980+5.820%BloFin2.9990+5.856%ApeX Omni3.0000+5.891%Orderly3.0000+5.891%HTX3.0002+5.898%Variational Omni3.0008+5.919%edgeX3.0010+5.927%
SunX
Aster
Ondo Perps
Gate
BloFin
ApeX Omni
Orderly
HTX
Variational OmniNATGAS 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 | −5.428% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.331% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| Bitget NATGASUSDT | −0.124% | +0.0630% | 4h | $9.9M | $4.0M | 100x | as long as short |
| Pacifica NATGAS | −0.111% | +0.0100% | 1h | $82K | $18K | 10x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | −0.074% | L +0.0547% / S −0.0638% | 1h | $82K | — | 45x | as long as short |
| Extended XNG-USD | −0.073% | +0.0032% | 1h | $109K | $1.4M | 5x | as long as short |
| tradeXYZ xyz:NATGAS | −0.057% | +0.0050% | 1h | $5.7M | $5.8M | 10x | as long as short |
| Binance NATGASUSDT | −0.057% | +0.0111% | 4h | $10.0M | $28.3M | 100x | as long as short |
| OKX NG-USDT-SWAP | −0.057% | +0.0277% | 8h | $894K | $1.7M | 50x | as long as short |
| KuCoin NATGASUSDTM | −0.057% | +0.0100% | 4h | $1.0M | $973K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex NGUSDT | −0.057% | +0.0100% | 4h | $1.5M | $86K | 10x | as long as short |
| Paradex NG-USD-PERP | −0.046% | +0.0050% | 8h | $5K | — | 5x | as long as short |
| Lighter NATGAS | −0.037% | +0.0032% | 1h | $619K | $403K | 10x | as long as short |
| QFEX NATGAS-USDshort | −0.024% | 0.0000% | 1h | $657K | $138K | 20x | |
| Hotstuff NATGAS-PERP | −0.004% | +0.0008% | 1h | $35K | — | 20x | as long as short |
| Kraken Futures PF_NATGASUSDlong | 0.000% | +0.0661% | 1h | $53K | $57K | 20x | |
| SunX NATGAS-USDT | +0.016% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| Aster NATGASUSDT | +0.046% | +0.0022% | 4h | $264K | $102K | 50x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.070% | +0.0050% | 1h | $87K | $67K | 10x | as long as short |
| Gate NG_USDT | +0.076% | +0.0341% | 8h | $1.5M | $376K | 100x | as long as short |
| BloFin NG-USDT | +0.110% | +0.0282% | 8h | $85K | $178K | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.143% | +0.0100% | 1h | $37K | $219K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.143% | +0.0100% | 8h | $3K | $12 | 10x | as long as short |
| HTX NATGAS-USDT | +0.150% | 0.0000% | 4h | $97K | $224K | 75x | as long as short |
| Variational Omni NATGAS | +0.169% | +0.0045% | 4h | $664K | $146K | — | as long as short |
| edgeX NATGASUSDC | +0.177% | +0.0113% | 4h | $85K | $213K | 20x | as long as short |