Spread before costs (cost unknown: a leg has no order-book sample)−0.061%
7d average—if it closes, per $10,000$6funding while held, a day+$11.18
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:NATGAS | 3.0045 | 0.0050 | pay 0.0006% / 1h | 42m 43s | $5.8M | $6.1M | 10x |
| Short | Kraken Futures PF_NATGASUSD | 3.0027 | 0.0423 | get 0.0053% / 1h | 42m 43s | $52K | $56K | 20x |
tradeXYZ xyz:NATGAS
Kraken Futures PF_NATGASUSDPrice 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
- −$6.12
- Funding while held
- $11.18
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$22.94
- Spread needed to break even
- 0.280%
Slippage unknown: tradeXYZ: live order book, 6 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0373%
- Per $10,000 a day
- +$11.18
- 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 Kraken Futures no order-book sample | — | — | — | — | — |
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)2.8396cheapest
gTrade (Gains Network)Vest2.8420+0.085%
Orderly3.0000+5.649%GMX3.0015+5.702%QFEX3.0020+5.719%Phemex3.0020+5.719%HTX3.0022+5.726%Hotstuff3.0023+5.730%
Vest
Orderly
GMX
QFEX
Phemex
HTX
HotstuffKraken Futures3.0027+5.742%
OKX3.0030+5.754%KuCoin3.0030+5.754%Bitget3.0030+5.754%BloFin3.0040+5.790%
OKX
KuCoin
Bitget
BloFintradeXYZ3.0045+5.807%
Extended3.0045+5.808%Pacifica3.0047+5.813%Binance3.0050+5.825%Lighter3.0051+5.828%SunX3.0052+5.832%Aster3.0055+5.842%Gate3.0060+5.860%Paradex3.0060+5.860%edgeX3.0067+5.883%Ondo Perps3.0070+5.895%Variational Omni3.0076+5.915%ApeX Omni3.0100+6.001%
Extended
Pacifica
Binance
Lighter
SunX
Aster
Gate
Paradex
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 | −5.488% | L 0.0000% / S 0.0000% | 1h | — | — | — | as long as short |
| Vest NG-PERP | −5.409% | +0.0046% | 1h | — | $378 | 10x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | −0.150% | +0.0100% | 8h | $3K | $278 | 10x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | −0.100% | L +0.0412% / S −0.0333% | 1h | $93K | — | 45x | as long as short |
| QFEX NATGAS-USD | −0.083% | +0.0002% | 1h | $659K | $142K | 20x | as long as short |
| Phemex NGUSDT | −0.083% | +0.0100% | 4h | $1.5M | $93K | 10x | as long as short |
| HTX NATGAS-USDT | −0.077% | 0.0000% | 4h | $97K | $223K | 75x | as long as short |
| Hotstuff NATGAS-PERP | −0.073% | −0.0032% | 1h | $35K | — | 20x | as long as short |
| Kraken Futures PF_NATGASUSDshort | −0.061% | +0.0423% | 1h | $52K | $56K | 20x | |
| OKX NG-USDT-SWAP | −0.050% | +0.0238% | 8h | $895K | $1.7M | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin NATGASUSDTM | −0.050% | +0.0100% | 4h | $969K | $1.0M | 20x | as long as short |
| Bitget NATGASUSDT | −0.050% | +0.0698% | 4h | $10.0M | $4.2M | 100x | as long as short |
| BloFin NG-USDT | −0.017% | +0.0233% | 8h | $85K | $190K | 20x | as long as short |
| tradeXYZ xyz:NATGASlong | 0.000% | +0.0050% | 1h | $5.8M | $6.1M | 10x | |
| Extended XNG-USD | +0.001% | +0.0032% | 1h | $104K | $1.4M | 5x | as long as short |
| Pacifica NATGAS | +0.005% | +0.0100% | 1h | $82K | $21K | 10x | as long as short |
| Binance NATGASUSDT | +0.017% | +0.0181% | 4h | $10.0M | $30.5M | 100x | as long as short |
| Lighter NATGAS | +0.020% | +0.0032% | 1h | $621K | $407K | 10x | as long as short |
| SunX NATGAS-USDT | +0.023% | 0.0000% | 4h | $2K | $2.6M | 20x | as long as short |
| Aster NATGASUSDT | +0.033% | +0.0078% | 4h | $265K | $103K | 50x | as long as short |
| Gate NG_USDT | +0.050% | +0.0351% | 8h | $1.5M | $375K | 100x | as long as short |
| Paradex NG-USD-PERP | +0.050% | +0.0051% | 8h | $5K | — | 5x | as long as short |
| edgeX NATGASUSDC | +0.072% | +0.0177% | 4h | $85K | $214K | 20x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.083% | +0.0050% | 1h | $87K | $70K | 10x | as long as short |
| Variational Omni NATGAS | +0.102% | +0.0140% | 4h | $663K | $147K | — | as long as short |
| ApeX Omni NATGASUSDT | +0.183% | +0.0100% | 1h | $37K | $215K | 50x | as long as short |