After costs, if the gap returns to its 7d average, $10k−$76
spread now+0.047%7d average−0.040%fees + slippage, in and out−$85spread needed0.849%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex NGUSDT | 3.0020 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $1.5M | $93K | 10x |
| Short | tradeXYZ xyz:NATGAS | 3.0034 | 0.0050 | get 0.0006% / 1h | 43m 04s | $5.8M | $6.1M | 10x |
Phemex NGUSDT
tradeXYZ xyz: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
- $4.66
- Funding while held
- −$1.5
- Slippage, 4 orders
- −$54.88
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$81.72
- Spread needed to break even
- 0.849%
Slippage from Phemex: live order book, 1 min ago; tradeXYZ: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- 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 | 1.66 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.50 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
NATGAS price on every exchange
against the cheapest. Click to use as the short leg.gTrade (Gains Network)2.8396cheapest
gTrade (Gains Network)Vest2.8420+0.085%
Extended2.9998+5.641%KuCoin3.0000+5.649%Orderly3.0000+5.649%Bitget3.0010+5.684%GMX3.0015+5.702%Lighter3.0020+5.719%QFEX3.0020+5.719%
Vest
Extended
KuCoin
Orderly
Bitget
GMX
Lighter
QFEXPhemex3.0020+5.719%
Aster3.0021+5.723%Pacifica3.0022+5.725%HTX3.0022+5.726%Hotstuff3.0023+5.730%Paradex3.0024+5.733%Kraken Futures3.0027+5.742%OKX3.0030+5.754%Gate3.0030+5.754%
Aster
Pacifica
HTX
Hotstuff
Paradex
Kraken Futures
OKX
GatetradeXYZ3.0034+5.768%
BloFin3.0040+5.790%Binance3.0043+5.802%SunX3.0052+5.832%edgeX3.0067+5.883%Ondo Perps3.0070+5.895%Variational Omni3.0076+5.915%ApeX Omni3.0100+6.001%
BloFin
Binance
SunX
Ondo Perps
Variational Omni
ApeX 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 | −5.410% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.330% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| Extended XNG-USD | −0.074% | +0.0032% | 1h | $104K | $1.4M | 5x | as long as short |
| KuCoin NATGASUSDTM | −0.067% | +0.0100% | 4h | $969K | $1.0M | 20x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | −0.067% | +0.0100% | 8h | $3K | $278 | 10x | as long as short |
| Bitget NATGASUSDT | −0.033% | +0.0696% | 4h | $10.0M | $4.2M | 100x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | −0.017% | L +0.0412% / S −0.0333% | 1h | $93K | — | 45x | as long as short |
| Lighter NATGAS | 0.000% | +0.0032% | 1h | $620K | $407K | 10x | as long as short |
| QFEX NATGAS-USD | 0.000% | +0.0002% | 1h | $659K | $142K | 20x | as long as short |
| Phemex NGUSDTlong | 0.000% | +0.0100% | 4h | $1.5M | $93K | 10x |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster NATGASUSDT | +0.004% | +0.0080% | 4h | $265K | $103K | 50x | as long as short |
| Pacifica NATGAS | +0.006% | +0.0100% | 1h | $82K | $21K | 10x | as long as short |
| HTX NATGAS-USDT | +0.007% | 0.0000% | 4h | $97K | $223K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.010% | −0.0032% | 1h | $35K | — | 20x | as long as short |
| Paradex NG-USD-PERP | +0.014% | +0.0050% | 8h | $5K | — | 5x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.022% | +0.0423% | 1h | $52K | $56K | 20x | as long as short |
| OKX NG-USDT-SWAP | +0.033% | +0.0238% | 8h | $895K | $1.7M | 50x | as long as short |
| Gate NG_USDT | +0.033% | +0.0345% | 8h | $1.5M | $375K | 100x | as long as short |
| tradeXYZ xyz:NATGASshort | +0.047% | +0.0050% | 1h | $5.8M | $6.1M | 10x | |
| BloFin NG-USDT | +0.067% | +0.0233% | 8h | $85K | $190K | 20x | as long as short |
| Binance NATGASUSDT | +0.078% | +0.0177% | 4h | $10.0M | $30.5M | 100x | as long as short |
| SunX NATGAS-USDT | +0.107% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| edgeX NATGASUSDC | +0.155% | +0.0177% | 4h | $85K | $214K | 20x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.167% | +0.0050% | 1h | $87K | $70K | 10x | as long as short |
| Variational Omni NATGAS | +0.186% | +0.0140% | 4h | $663K | $147K | — | as long as short |
| ApeX Omni NATGASUSDT | +0.266% | +0.0100% | 1h | $37K | $215K | 50x | as long as short |