Spread before costs (cost unknown: a leg has no order-book sample)−5.387%
7d average—if it closes, per $10,000$539funding while held, a day−$3.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 2.9960 | 0.0100 | pay 0.0050% / 4h | 3h 08m | $1.5M | $86K | 10x |
| Short | gTrade (Gains Network) NATGAS/USD | 2.8346 | L 0.0000% / S 0.0000% | pay 0.0000% / 1h | 8m 41s | — | — | — |
Phemex NGUSDT
gTrade (Gains Network) 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
- −$538.72
- Funding while held
- −$3.01
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$563.72
- Spread needed to break even
- 0.220%
Slippage unknown: Phemex: live order book, 1 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.01
- 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 Phemex live order book, 1 min ago | 1.67 bp | 31.8 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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)2.8346cheapest
Vest2.8380+0.120%
Orderly2.9900+5.482%Bitget2.9920+5.553%tradeXYZ2.9938+5.616%Extended2.9938+5.617%OKX2.9940+5.623%Binance2.9943+5.634%Lighter2.9943+5.634%Pacifica2.9946+5.645%KuCoin2.9950+5.659%GMX2.9955+5.676%QFEX2.9960+5.694%
Vest
Orderly
Bitget
tradeXYZ
Extended
OKX
Binance
Lighter
Pacifica
KuCoin
GMX
QFEXPhemex2.9960+5.694%
Paradex2.9961+5.698%Kraken Futures2.9968+5.724%Aster2.9975+5.746%Ondo Perps2.9978+5.757%Gate2.9980+5.764%SunX2.9982+5.772%BloFin2.9990+5.800%ApeX Omni3.0000+5.835%Hotstuff3.0004+5.849%HTX3.0005+5.853%Variational Omni3.0008+5.863%edgeX3.0010+5.871%
Paradex
Kraken Futures
Aster
Ondo Perps
Gate
SunX
BloFin
ApeX Omni
Hotstuff
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/USDshort | −5.387% | L 0.0000% / S 0.0000% | 1h | — | — | — | |
| Vest NG-PERP | −5.274% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | −0.200% | +0.0100% | 8h | $3K | $12 | 10x | as long as short |
| Bitget NATGASUSDT | −0.134% | +0.0628% | 4h | $9.9M | $4.0M | 100x | as long as short |
| tradeXYZ xyz:NATGAS | −0.073% | +0.0050% | 1h | $5.7M | $5.8M | 10x | as long as short |
| Extended XNG-USD | −0.073% | +0.0032% | 1h | $109K | $1.4M | 5x | as long as short |
| OKX NG-USDT-SWAP | −0.067% | +0.0276% | 8h | $894K | $1.7M | 50x | as long as short |
| Binance NATGASUSDT | −0.057% | +0.0111% | 4h | $10.0M | $28.2M | 100x | as long as short |
| Lighter NATGAS | −0.057% | +0.0032% | 1h | $619K | $403K | 10x | as long as short |
| Pacifica NATGAS | −0.047% | +0.0100% | 1h | $83K | $18K | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin NATGASUSDTM | −0.033% | +0.0100% | 4h | $1.0M | $970K | 20x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | −0.017% | L +0.0547% / S −0.0638% | 1h | $82K | — | 45x | as long as short |
| QFEX NATGAS-USD | 0.000% | 0.0000% | 1h | $658K | $138K | 20x | as long as short |
| Phemex NGUSDTlong | 0.000% | +0.0100% | 4h | $1.5M | $86K | 10x | |
| Paradex NG-USD-PERP | +0.004% | +0.0050% | 8h | $5K | — | 5x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.028% | +0.0660% | 1h | $53K | $57K | 20x | as long as short |
| Aster NATGASUSDT | +0.049% | +0.0022% | 4h | $264K | $102K | 50x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.060% | +0.0050% | 1h | $87K | $67K | 10x | as long as short |
| Gate NG_USDT | +0.067% | +0.0354% | 8h | $1.5M | $376K | 100x | as long as short |
| SunX NATGAS-USDT | +0.073% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| BloFin NG-USDT | +0.100% | +0.0282% | 8h | $85K | $178K | 20x | as long as short |
| ApeX Omni NATGASUSDT | +0.134% | +0.0100% | 1h | $37K | $219K | 50x | as long as short |
| Hotstuff NATGAS-PERP | +0.147% | −0.0064% | 1h | $35K | — | 20x | as long as short |
| HTX NATGAS-USDT | +0.150% | 0.0000% | 4h | $97K | $224K | 75x | as long as short |
| Variational Omni NATGAS | +0.160% | +0.0045% | 4h | $664K | $146K | — | as long as short |
| edgeX NATGASUSDC | +0.167% | +0.0113% | 4h | $85K | $213K | 20x | as long as short |