Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.021%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1221.216% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.021%, 7d avg +0.005%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NMRUSDT | 9.4630 | 0.0100 | pay 0.0050% / 4h | 5m 18s | $2.0M | $2.2M | 50x |
| Short | Bybit NMRUSDT | 9.4650 | 0.0100 | get 0.0050% / 4h | 5m 18s | $621K | $208K | 50x |
Binance NMRUSDT
Bybit NMRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.021% → +0.005%
- $1.65
- Slippage, 4 orders
- −$100.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$119.95
- Costs to cover
- 1.216%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 45 min ago.
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 Binance live order book, 14 min ago | 2.11 bp | 22.0 bp −$22 | 91.1 bp −$911 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 45 min ago | 3.18 bp | 35.6 bp −$36 | 253.3 bp −$2,533 | doesn't fit | doesn't fit |
NMR on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter NMR | +0.0096% | 1h | 9.4648 | +0.019% | $47K | $19K | 3x | as long as short |
| Binance NMRUSDTlong | +0.0100% | 4h | 9.4630 | long leg | $2.0M | $2.2M | 50x | |
| Bybit NMRUSDTshort | +0.0100% | 4h | 9.4650 | +0.021% | $621K | $208K | 50x | |
| OKX NMR-USDT-SWAP | +0.0100% | 4h | 9.4500 | −0.137% | $421K | $382K | 20x | as long as short |
| Gate NMR_USDT | +0.0100% | 8h | 9.4690 | +0.063% | $228K | $75K | 50x | as long as short |
| MEXC NMR_USDT | +0.0100% | 4h | 9.4610 | −0.021% | $5.0M | $166K | 50x | as long as short |
| KuCoin NMRUSDTM | +0.0100% | 4h | 9.4680 | +0.053% | $281K | $34K | 30x | as long as short |
| Bitget NMRUSDT | +0.0100% | 4h | 9.4650 | +0.021% | $866K | $133K | 50x | as long as short |
| BingX NMR-USDT | +0.0100% | 4h | 9.4660 | +0.032% | — | $2.4M | — | as long as short |
| Variational Omni NMR | +0.0100% | 4h | 9.4638 | +0.009% | $2K | $574 | — | as long as short |
Lighter NMR
OKX NMR-USDT-SWAP
Gate NMR_USDT
MEXC NMR_USDT
KuCoin NMRUSDTM
Bitget NMRUSDT
BingX NMR-USDT
Variational Omni NMRShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NMRUSD | +0.0678% | 1h | 9.4732 | +0.108% | $27K | $16K | 10x | as long as short |
Kraken Futures PF_NMRUSD