Funding you earn now, next payment 22:00 UTC+0.1357%/8h= +148.5% APRpaid last 24h +2.721%
Price spread now: Kraken Futures against Binance+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Kraken Futures is 0.036% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NMRUSDT | 9.4070 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $2.0M | $2.1M | 50x |
| Short | Kraken Futures PF_NMRUSD | 9.4104 | 0.1457 | get 0.0182% / 1h | 55m 59s | $27K | $15K | 10x |
Binance NMRUSDT
Kraken Futures PF_NMRUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $284.89
- Price spread: +0.036% → 0.000%
- $3.63
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $268.52
- Costs to cover
- 0.200%
- Break-even
- 0.4 days
Slippage unknown: Binance: live order book, 9 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 9 min ago | 3.19 bp | 26.4 bp −$26 | 147.8 bp −$1,478 | 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.
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 | 9.4113 | +0.046% | $47K | $21K | 3x | as long as short |
| Binance NMRUSDTlong | +0.0100% | 4h | 9.4070 | long leg | $2.0M | $2.1M | 50x | |
| Bybit NMRUSDT | +0.0100% | 4h | 9.4110 | +0.043% | $615K | $202K | 50x | as long as short |
| OKX NMR-USDT-SWAP | +0.0100% | 4h | 9.3850 | −0.234% | $415K | $387K | 20x | as long as short |
| Gate NMR_USDT | +0.0100% | 8h | 9.4130 | +0.064% | $223K | $74K | 50x | as long as short |
| MEXC NMR_USDT | +0.0100% | 4h | 9.4020 | −0.053% | $5.0M | $158K | 50x | as long as short |
| KuCoin NMRUSDTM | +0.0100% | 4h | 9.4070 | 0.000% | $282K | $37K | 30x | as long as short |
| Bitget NMRUSDT | +0.0100% | 4h | 9.4100 | +0.032% | $859K | $170K | 50x | as long as short |
| BingX NMR-USDT | +0.0100% | 4h | 9.4010 | −0.064% | — | $2.4M | — | as long as short |
| Variational Omni NMR | +0.0100% | 4h | 9.4166 | +0.102% | $2K | $442 | — | as long as short |
Lighter NMR
Bybit NMRUSDT
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_NMRUSDshort | +0.1457% | 1h | 9.4104 | +0.036% | $27K | $15K | 10x |