Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Bybit against Gate−0.116%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1641.640% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.116%, 7d avg −0.066%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.050% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NMR_USDT | 9.4830 | 0.0100 | pay 0.0100% / 8h | 5h 47m | $229K | $77K | 50x |
| Short | Bybit NMRUSDT | 9.4720 | 0.0100 | get 0.0050% / 4h | 1h 47m | $624K | $202K | 50x |
Gate NMR_USDT
Bybit NMRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.116% → −0.066%
- −$4.98
- Slippage, 4 orders
- −$137.99
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$168.98
- Costs to cover
- 1.640%
- Break-even
- never at this rate
Slippage from Gate: live order book, 9 min ago; Bybit: live order book, 8 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, 9 min ago | 6.30 bp | 48.9 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 3.69 bp | 37.3 bp −$37 | 196.7 bp −$1,967 | 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 | 9.4818 | −0.013% | $47K | $20K | 3x | as long as short |
| Binance NMRUSDT | +0.0100% | 4h | 9.4746 | −0.089% | $2.0M | $2.2M | 50x | as long as short |
| Bybit NMRUSDTshort | +0.0100% | 4h | 9.4720 | −0.116% | $624K | $202K | 50x | |
| OKX NMR-USDT-SWAP | +0.0100% | 4h | 9.4570 | −0.274% | $420K | $385K | 20x | as long as short |
| Gate NMR_USDTlong | +0.0100% | 8h | 9.4830 | long leg | $229K | $77K | 50x | |
| MEXC NMR_USDT | +0.0100% | 4h | 9.4710 | −0.127% | $5.0M | $162K | 50x | as long as short |
| KuCoin NMRUSDTM | +0.0100% | 4h | 9.4720 | −0.116% | $281K | $36K | 30x | as long as short |
| Bitget NMRUSDT | +0.0100% | 4h | 9.4790 | −0.042% | $859K | $140K | 50x | as long as short |
| BingX NMR-USDT | +0.0100% | 4h | 9.4700 | −0.137% | — | $2.4M | — | as long as short |
| Variational Omni NMR | +0.0100% | 4h | 9.5036 | +0.218% | $2K | $574 | — | as long as short |
Lighter NMR
Binance 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 | +0.2611% | 1h | 9.4847 | +0.018% | $27K | $15K | 10x | as long as short |
Kraken Futures PF_NMRUSD