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−$18.45
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NATGASUSD | 3.0001 | 0.0660 | pay 0.0082% / 1h | 9m 42s | $54K | $57K | 20x |
| Short | Variational Omni NATGAS | 3.0008 | 0.0045 | get 0.0022% / 4h | 3h 09m | $664K | $146K | — |
Kraken Futures PF_NATGASUSD
Variational Omni 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
- $2.43
- Funding while held
- −$18.45
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$26.02
- Spread needed to break even
- 0.100%
Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 36 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0615%
- Per $10,000 a day
- −$18.45
- 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 Variational Omni RFQ quote, 36 min ago | 4.50 bp | doesn't fit | 8.1 bp −$81 | doesn't fit | 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)2.8381cheapest
gTrade (Gains Network)Vest2.8400+0.067%
Orderly2.9900+5.352%Bitget2.9930+5.458%Extended2.9946+5.513%Pacifica2.9946+5.514%OKX2.9950+5.528%KuCoin2.9950+5.528%tradeXYZ2.9959+5.560%Binance2.9960+5.564%Paradex2.9961+5.567%Lighter2.9967+5.588%BloFin2.9970+5.599%GMX2.9985+5.652%Aster2.9990+5.669%QFEX2.9990+5.669%Gate2.9990+5.669%ApeX Omni3.0000+5.705%
Vest
Orderly
Bitget
Extended
Pacifica
OKX
KuCoin
tradeXYZ
Binance
Paradex
Lighter
BloFin
GMX
Aster
QFEX
Gate
ApeX OmniKraken Futures3.0001+5.707%
SunX3.0002+5.712%HTX3.0003+5.715%Hotstuff3.0004+5.719%
SunX
HTX
HotstuffVariational Omni3.0008+5.732%
Ondo Perps3.0009+5.736%Phemex3.0010+5.740%edgeX3.0010+5.740%
Ondo Perps
PhemexNATGAS 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 | −5.398% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.335% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | −0.335% | +0.0100% | 8h | $3K | $12 | 10x | as long as short |
| Bitget NATGASUSDT | −0.235% | +0.0628% | 4h | $9.9M | $4.0M | 100x | as long as short |
| Extended XNG-USD | −0.183% | +0.0032% | 1h | $109K | $1.4M | 5x | as long as short |
| Pacifica NATGAS | −0.182% | +0.0100% | 1h | $83K | $18K | 10x | as long as short |
| OKX NG-USDT-SWAP | −0.169% | +0.0275% | 8h | $894K | $1.7M | 50x | as long as short |
| KuCoin NATGASUSDTM | −0.169% | +0.0100% | 4h | $1.0M | $970K | 20x | as long as short |
| tradeXYZ xyz:NATGAS | −0.139% | +0.0050% | 1h | $5.7M | $5.8M | 10x | as long as short |
| Binance NATGASUSDT | −0.135% | +0.0108% | 4h | $10.0M | $28.2M | 100x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex NG-USD-PERP | −0.132% | +0.0050% | 8h | $5K | — | 5x | as long as short |
| Lighter NATGAS | −0.112% | +0.0032% | 1h | $619K | $403K | 10x | as long as short |
| BloFin NG-USDT | −0.102% | +0.0300% | 8h | $85K | $177K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | −0.052% | L +0.0547% / S −0.0638% | 1h | $82K | — | 45x | as long as short |
| Aster NATGASUSDT | −0.035% | +0.0021% | 4h | $264K | $102K | 50x | as long as short |
| QFEX NATGAS-USD | −0.035% | 0.0000% | 1h | $658K | $138K | 20x | as long as short |
| Gate NG_USDT | −0.035% | +0.0354% | 8h | $1.5M | $376K | 100x | as long as short |
| ApeX Omni NATGASUSDT | −0.002% | +0.0100% | 1h | $37K | $219K | 50x | as long as short |
| Kraken Futures PF_NATGASUSDlong | 0.000% | +0.0660% | 1h | $54K | $57K | 20x | |
| SunX NATGAS-USDT | +0.005% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| HTX NATGAS-USDT | +0.008% | 0.0000% | 4h | $97K | $224K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.011% | −0.0064% | 1h | $35K | — | 20x | as long as short |
| Variational Omni NATGASshort | +0.024% | +0.0045% | 4h | $664K | $146K | — | |
| Ondo Perps NATGAS-USD.P | +0.028% | +0.0050% | 1h | $87K | $68K | 10x | as long as short |
| Phemex NGUSDT | +0.031% | +0.0100% | 4h | $1.5M | $86K | 10x | as long as short |
| edgeX NATGASUSDC | +0.032% | +0.0113% | 4h | $85K | $213K | 20x | as long as short |