Natural Gas
NG=FNGX26.NYMUpdated 07:47:47 UTC · refreshes every 60s
Implied Opening Price
3.14▼
−0.02−0.64%
1σ 3.11 – 3.17VIX 15.4%
Spot vs Implied Open
Cost-of-Carry Model
Full methodology →Model Inputs
| Variable | Value | Source |
|---|---|---|
| Futures Price (F) | 3.16 | NGX26.NYM |
| Spot Price (S) | 3.16 | NG=F |
| Risk-Free Rate (r) | 4.16% | US Treasury 3-month bill |
| Storage Cost (q) | 10.00% | Estimate |
| Time to Expiry (t) | 16.5d | Oct 28, 2026 |
About this instrument
Natural Gas tracks the front-month NG=F futures contract and compares it with the next contract when available. The carry model includes financing and an estimated storage-and-insurance cost of 10% per year.
A higher next-contract price is contango; a lower one is backwardation. The curve describes prices for different delivery dates, not a guaranteed future spot price. See the methodology for the carry model and its limitations.
This is not financial advice.← Back
