data as of
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Price arb /

NATGAS

RWAall NATGAS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$72
spread now+0.033%7d average+0.040%fees + slippage, in and out−$72spread needed0.717%
Long on QFEXShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX NATGAS-USD3.00900.0000get 0.0000% / 1h35m 00s$660K$138K20x
ShortGate NG_USDT3.01000.0345get 0.0345% / 8h7h 35m$1.5M$375K100x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$3.32
Funding while held
$10.36
Slippage, 4 orders
−$46.68
Fee QFEX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$58
Spread needed to break even
0.717%
Slippage from QFEX: live order book, 56 min ago; Gate: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0345%
Per $10,000 a day
+$10.36
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 56 min ago1.67 bp6.7 bp −$76.7 bp −$6710.9 bp −$1,093doesn't fit
Sell Gate live order book, 4 min ago1.66 bp15.3 bp −$1573.6 bp −$736doesn't fitdoesn't fit

NATGAS price on every exchange

against the cheapest. Click to use as the short leg.
gTrade (Gains Network)2.8461cheapest
Vest2.8480+0.067%
Bitget3.0040+5.548%edgeX3.0045+5.564%Aster3.0051+5.587%Hotstuff3.0057+5.608%KuCoin3.0060+5.618%Ondo Perps3.0064+5.632%Binance3.0064+5.633%Extended3.0065+5.636%OKX3.0070+5.653%GMX3.0075+5.671%tradeXYZ3.0080+5.688%Phemex3.0080+5.688%BloFin3.0080+5.688%Lighter3.0081+5.692%Variational Omni3.0084+5.702%Pacifica3.0085+5.707%
QFEX3.0090+5.724%
HTX3.0091+5.727%SunX3.0092+5.731%Paradex3.0096+5.744%Kraken Futures3.0098+5.751%
Gate3.0100+5.759%
ApeX Omni3.0100+5.759%Orderly3.0100+5.759%

NATGAS on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) NATGAS/USD−5.414%L 0.0000% / S 0.0000%1h———as long as short
Vest NG-PERP−5.351%+0.0046%1h—$37810xas long as short
Bitget NATGASUSDT−0.166%+0.0630%4h$10.0M$3.9M100xas long as short
edgeX NATGASUSDC−0.151%+0.0129%4h$85K$213K20xas long as short
Aster NATGASUSDT−0.129%+0.0031%4h$265K$102K50xas long as short
Hotstuff NATGAS-PERP−0.110%−0.0080%1h$35K—20xas long as short
KuCoin NATGASUSDTM−0.100%+0.0100%4h$1.0M$948K20xas long as short
Ondo Perps NATGAS-USD.P−0.086%+0.0050%1h$87K$68K10xas long as short
Binance NATGASUSDT−0.086%+0.0118%4h$10.1M$27.8M100xas long as short
Extended XNG-USD−0.083%+0.0032%1h$118K$1.4M5xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX NG-USDT-SWAP−0.066%+0.0288%8h$897K$1.7M50xas long as short
GMX NATGAS/USD [ETH-USDC]−0.050%L +0.0548% / S −0.0638%1h$82K—45xas long as short
tradeXYZ xyz:NATGAS−0.033%+0.0050%1h$5.7M$5.8M10xas long as short
Phemex NGUSDT−0.033%+0.0100%4h$1.5M$85K10xas long as short
BloFin NG-USDT−0.033%+0.0277%8h$85K$178K20xas long as short
Lighter NATGAS−0.030%+0.0032%1h$623K$392K10xas long as short
Variational Omni NATGAS−0.020%+0.0050%4h$659K$147K—as long as short
Pacifica NATGAS−0.015%+0.0100%1h$83K$18K10xas long as short
QFEX NATGAS-USDlong0.000%0.0000%1h$660K$138K20x
HTX NATGAS-USDT+0.003%0.0000%4h$98K$224K75xas long as short
SunX NATGAS-USDT+0.007%0.0000%4h$2K$2.7M20xas long as short
Paradex NG-USD-PERP+0.019%+0.0050%8h$5K—5xas long as short
Kraken Futures PF_NATGASUSD+0.026%+0.0658%1h$54K$58K20xas long as short
Gate NG_USDTshort+0.033%+0.0345%8h$1.5M$375K100x
ApeX Omni NATGASUSDT+0.033%+0.0100%1h$37K$221K50xas long as short
Orderly PERP_NATGAS_USDC_mythos+0.033%+0.0100%8h$3K$1210xas long as short