Spread before costs (cost unknown: a leg has no order-book sample)+0.003%
7d average—if it closes, per $10,000$0funding while held, a day+$8.48
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NATGAS | 3.0014 | 0.0050 | pay 0.0006% / 1h | 43m 09s | $5.8M | $6.1M | 10x |
| Short | GMX NATGAS/USD [ETH-USDC] | 3.0015 | L +0.0412% / S −0.0333% | get 0.0042% / 1h | 43m 09s | $93K | — | 45x |
tradeXYZ xyz:NATGAS
GMX NATGAS/USD [ETH-USDC]Price 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
- $0.33
- Funding while held
- $8.48
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$21.19
- Spread needed to break even
- 0.300%
Slippage unknown: tradeXYZ: live order book, 6 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0283%
- Per $10,000 a day
- +$8.48
- 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 tradeXYZ live order book, 6 min ago | 0.50 bp | 10.4 bp −$10 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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)2.8396cheapest
gTrade (Gains Network)Vest2.8420+0.085%
Bitget2.9980+5.578%Extended2.9998+5.641%KuCoin3.0000+5.649%Orderly3.0000+5.649%
Vest
Bitget
Extended
KuCoin
OrderlytradeXYZ3.0014+5.698%
GMX3.0015+5.702%
Aster3.0016+5.704%Binance3.0018+5.712%Lighter3.0020+5.719%OKX3.0020+5.719%QFEX3.0020+5.719%Phemex3.0020+5.719%Pacifica3.0022+5.725%HTX3.0022+5.726%Hotstuff3.0023+5.730%Paradex3.0024+5.733%Kraken Futures3.0027+5.742%Gate3.0030+5.754%BloFin3.0040+5.790%SunX3.0052+5.832%edgeX3.0067+5.883%Ondo Perps3.0070+5.895%Variational Omni3.0076+5.915%ApeX Omni3.0100+6.001%
Aster
Binance
Lighter
OKX
QFEX
Phemex
Pacifica
HTX
Hotstuff
Paradex
Kraken Futures
Gate
BloFin
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 | −5.391% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.311% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| Bitget NATGASUSDT | −0.113% | +0.0696% | 4h | $10.0M | $4.2M | 100x | as long as short |
| Extended XNG-USD | −0.054% | +0.0032% | 1h | $104K | $1.4M | 5x | as long as short |
| KuCoin NATGASUSDTM | −0.047% | +0.0100% | 4h | $974K | $1.0M | 20x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | −0.047% | +0.0100% | 8h | $3K | $278 | 10x | as long as short |
| tradeXYZ xyz:NATGASlong | 0.000% | +0.0050% | 1h | $5.8M | $6.1M | 10x | |
| GMX NATGAS/USD [ETH-USDC]short | +0.003% | L +0.0412% / S −0.0333% | 1h | $93K | — | 45x | |
| Aster NATGASUSDT | +0.006% | +0.0080% | 4h | $265K | $103K | 50x | as long as short |
| Binance NATGASUSDT | +0.014% | +0.0177% | 4h | $10.0M | $30.5M | 100x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter NATGAS | +0.020% | +0.0032% | 1h | $620K | $407K | 10x | as long as short |
| OKX NG-USDT-SWAP | +0.020% | +0.0238% | 8h | $895K | $1.7M | 50x | as long as short |
| QFEX NATGAS-USD | +0.020% | +0.0002% | 1h | $659K | $142K | 20x | as long as short |
| Phemex NGUSDT | +0.020% | +0.0100% | 4h | $1.5M | $93K | 10x | as long as short |
| Pacifica NATGAS | +0.026% | +0.0100% | 1h | $82K | $21K | 10x | as long as short |
| HTX NATGAS-USDT | +0.027% | 0.0000% | 4h | $97K | $223K | 75x | as long as short |
| Hotstuff NATGAS-PERP | +0.030% | −0.0032% | 1h | $35K | — | 20x | as long as short |
| Paradex NG-USD-PERP | +0.034% | +0.0050% | 8h | $5K | — | 5x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.042% | +0.0423% | 1h | $52K | $56K | 20x | as long as short |
| Gate NG_USDT | +0.053% | +0.0345% | 8h | $1.5M | $375K | 100x | as long as short |
| BloFin NG-USDT | +0.087% | +0.0233% | 8h | $85K | $190K | 20x | as long as short |
| SunX NATGAS-USDT | +0.127% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| edgeX NATGASUSDC | +0.175% | +0.0177% | 4h | $85K | $214K | 20x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.187% | +0.0050% | 1h | $87K | $70K | 10x | as long as short |
| Variational Omni NATGAS | +0.206% | +0.0140% | 4h | $663K | $147K | — | as long as short |
| ApeX Omni NATGASUSDT | +0.287% | +0.0100% | 1h | $37K | $215K | 50x | as long as short |