Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Binance against Gate−0.141%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1241.241% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.141%, 7d avg −0.071%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.070% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NMR_USDT | 9.4770 | 0.0100 | pay 0.0100% / 8h | 4h 58m | $228K | $74K | 50x |
| Short | Binance NMRUSDT | 9.4636 | 0.0100 | get 0.0050% / 4h | 58m 19s | $2.0M | $2.2M | 50x |
Gate NMR_USDT
Binance NMRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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: −0.141% → −0.071%
- −$6.99
- Slippage, 4 orders
- −$99.14
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$131.13
- Costs to cover
- 1.241%
- Break-even
- never at this rate
Slippage from Gate: live order book, 58 min ago; Binance: live order book, 6 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 Gate live order book, 58 min ago | 6.30 bp | 48.9 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.16 bp | 22.0 bp −$22 | 67.5 bp −$675 | 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 | 9.4636 | −0.141% | $47K | $19K | 3x | as long as short |
| Binance NMRUSDTshort | +0.0100% | 4h | 9.4636 | −0.141% | $2.0M | $2.2M | 50x | |
| Bybit NMRUSDT | +0.0100% | 4h | 9.4670 | −0.106% | $625K | $205K | 50x | as long as short |
| OKX NMR-USDT-SWAP | +0.0100% | 4h | 9.4500 | −0.285% | $420K | $383K | 20x | as long as short |
| Gate NMR_USDTlong | +0.0100% | 8h | 9.4770 | long leg | $228K | $74K | 50x | |
| MEXC NMR_USDT | +0.0100% | 4h | 9.4700 | −0.074% | $5.0M | $161K | 50x | as long as short |
| KuCoin NMRUSDTM | +0.0100% | 4h | 9.4663 | −0.113% | $281K | $35K | 30x | as long as short |
| Bitget NMRUSDT | +0.0100% | 4h | 9.4690 | −0.084% | $866K | $139K | 50x | as long as short |
| BingX NMR-USDT | +0.0100% | 4h | 9.4640 | −0.137% | — | $2.4M | — | as long as short |
| Variational Omni NMR | +0.0100% | 4h | 9.4761 | −0.010% | $2K | $574 | — | as long as short |
Lighter NMR
Bybit NMRUSDT
OKX NMR-USDT-SWAP
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 | +0.0675% | 1h | 9.5189 | +0.442% | $27K | $16K | 10x | as long as short |
Kraken Futures PF_NMRUSD