COT positioning
Long34.2%
Short65.8%
Net position-258,863
Increasing Bearish
Commodity
Natural Gas perpetual futures
NATGAS perpetual futures on 21 crypto exchanges – live perp price vs the underlying, funding rate, open interest and where to trade NATGASUSDT.
Natural Gas tracked across crypto venues with normalized contract specifications.
$3.63-0.6%
Price chart
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Use the left and right arrow keys to inspect points on the chart.
Underlying · daily close
Auto: underlying reference price
Trading data
Perpetual market activity
22/23 live markets
Trading data
Perpetual market activity
Venues
21
Live markets
22/23
24h volume
$195.7MCoverage: 19/22 marketsExchange-reported volume: $218.3M
Open interest
$74.6MCoverage: 21/22 markets
Best liquidity
$14.1M
Ourbit
Tightest spread
+0.6 bps
Hyperliquid HIP-3
Highest volume
$119.9M
Binance
Settlement mix
USDT · 15/23
Perp/spot vol.
-
Venue matrix
23 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | NATGAS/USDT | Trading | $3.63 | 0.0% APR 0.000% every 4h | +2.8 bps | $5.7M | $119.9M | $24.1M | USDT | - | |
 Hyperliquid HIP-3 | Trade | xyz:NATGAS | Trading | $3.62 | +0.1% APR +0.00001% every 1h | +0.6 bps | - | $36.1M | $20.7M | USDC | 10x | |
 OKX | Trade | NG/USDT | Trading | $3.63 | 0.0% APR 0.000% every 8h | +2.8 bps | $416.6K | $12M | $4M | USDT | 50x | |
 Bitget | Trade | NATGAS/USDT | Trading | $3.63 | 0.0% APR 0.000% every 4h | +2.8 bps | $7.4M | $10.6M | $11.1M | USDT | 100x | |
 Gate.io | Trade | NG/USDT | Trading | $3.63 | 0.0% APR 0.000% every 8h | +5.5 bps | $351.4K | $4.5M | $1.1M | USDT | 100x | |
 Aster | Trade | NATGASUSDT | Trading | $3.63 | 0.0% APR 0.000% every 4h | +5.5 bps | $274.5K | $2.6M | $827.4K | USDT | - | |
 MEXC | Trade | GAS(NG)/USDT | Trading | $3.63 | +61.3% APR +0.00700% every 1h | +11.0 bps | $935.2K13 min | $2.3M | $3.7M | USDT | 100x | |
 KuCoin | Trade | NATGAS/USDT | Trading | $3.63 | 0.0% APR 0.000% every 4h | +41.4 bps | $20.1K | $1.3M | $5.9M | USDT | 20x | |
 Ondo Perps | Trade | NATGAS/USD | Trading | $3.63 | - | +28.1 bps | $374.2K | $488.5K | $308.7K | USDC | 10x | |
 HTX | Trade | NATGAS/USDT | Trading | $3.62 | 0.0% APR 0.000% every 4h | +33.3 bps | $1.5M | $347.1K | $46K | USDT | - | |
 Pacifica | Trade | NATGAS/USDC | Trading | $3.63 | +11.0% APR +0.00125% every 1h | +6.3 bps | - | $226.5K | $54.7K | USDC | 10x | |
 GRVT | Trade | NATGAS/USDT | Trading | $3.63 | 0.0% APR 0.000% every 4h | +8.3 bps | $839.3K | $181.1K | $18.3K | USDT | - | |
 BloFin | Trade | NATGAS/USDT | Trading | $3.63 | 0.0% APR 0.000% every 4h | +8.3 bps | $6.2M | $141.4K | $1.2M | USDT | 100x | |
 Crypto.com Exchange | Trade | NATGAS/USD | Trading | $3.62 | -92.8% APR -0.011% every 1h | +23.2 bps | $11.4K | $115.2K | $89K | USD | 50x | |
| BloFin | Trade | NG/USDT | Trading | $3.63 | +0.6% APR +0.00051% every 8h | +5.5 bps | $408.4K | $88.2K | $200.4K | USDT | 50x | |
 Paradex | Trade | NG/USD | Trading | $3.63 | +5.5% APR +0.00500% every 8h | +640.7 bps | $0 | $73K | $167.9K | USDC | 5x | |
 Orderly Network | Trade | NATGAS/USDC | Trading | $3.63 | +11.0% APR +0.010% every 8h | - | no public depth feed | $72.5K | $8.8K | USDC | - | |
 Kraken | Trade | PF_NATGASUSD | Trading | $3.63 | +47.2% APR +0.00539% every 1h | +16.3 bps | $168.5K | $52.9K | $289.4K | USD | - | |
 Vest | Trade | NG/USDC | Trading | $3.24Not in headline price | +5.0% APR +0.00057% every 1h | +12.3 bps | - | $6.2K | - | USDC | 10x | |
 XT.com | Trade | NATGAS/USDT | Trading | $3.63 | 0.0% APR 0.000% every 4h | +2.8 bps | $34.3K | $4.6M | - | USDT | 100x | |
 Ourbit | Trade | NATGAS/USDT | Trading | $3.63 | 0.0% APR 0.000% every 4h | +2.8 bps | $14.1M | $13.5M⚠ | $210.6K | USDT | 20x | |
 Bitunix | Trade | NATGAS/USDT | Trading | $3.63 | -0.4% APR -0.00018% every 4h | +2.8 bps | $673.8K | $8.4M⚠ | $554.5K | USDT | 100x | |
 LBank | Trade | NGAS/USDT | Trading | $3.63 | 0.0% APR 0.000% every 4h | +2.8 bps | $11.4M | $727.5K⚠ | $17.9K | USDT | 50x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 16 of 21 venues absorb $10k · Typical cost: +7.8 bps – +18.5 bps
Too thin: Crypto.com Exchange
No fresh book data: Hyperliquid HIP-3, Pacifica, Paradex, Orderly Network
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
NATGASTightest spread
NATGASHighest volume
NATGASFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
Bearish
Macro calendar
12UpdatedEventPreviousEstimateActual
USD · Producer Price Index MoM (Oct)1.4 %0.4 %0.3 %
USD · NY Empire State Manufacturing Index (Nov)25.510-
USD · Retail Sales Ex Gas/Autos MoM (Oct)0.2 %0.3 %-
USD · Retail Sales MoM (Oct)0.8 %0 %-
USD · Retail Sales Ex Autos MoM (Oct)0.9 %0.4 %-
USD · FOMC Minutes---
USD · Jobless Claims 4-Week Average (Nov/14)195.25 K192 K-
USD · Initial Jobless Claims (Nov/14)200 K200 K-
USD · Continuing Jobless Claims (Nov/07)1,6971,725-
USD · S&P Global Services PMI (Nov)56.1 Points--
USD · S&P Global Manufacturing PMI (Nov)54.9 Points--
USD · Core PPI MoM (Oct)0.8 %0.3 %0.3 %
Frequently asked questions
Where can I trade NATGAS perpetual futures?
Natural Gas (NATGAS) perpetual futures trade on 21 crypto venues, including Binance, Hyperliquid HIP-3, Ourbit. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade NATGAS around the clock?
Yes. Unlike the underlying stock, NATGAS perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on NATGAS perpetuals?
Right now the NATGAS perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +61.3% across 21 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
What is a NATGAS perpetual future?
A NATGAS perpetual is a derivative that tracks the price of Natural Gas with no expiry date. It lets you take long or short exposure to Natural Gas on crypto venues, around the clock.
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