Funding you earn now, next payment 22:00 UTC−0.1353%/8h= −148.2% APRpaid last 24h −2.820%
Price spread now: Bybit against Kraken Futures−0.238%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$41 a day on $10k at the current rate, and Bybit is 0.238% cheaper against Kraken Futures than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NMRUSD | 9.4314 | 0.1453 | pay 0.0182% / 1h | 14m 32s | $27K | $15K | 10x |
| Short | Bybit NMRUSDT | 9.4090 | 0.0100 | get 0.0050% / 4h | 2h 14m | $615K | $202K | 50x |
Kraken Futures PF_NMRUSD
Bybit NMRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Kraken Futures. 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
- −$284.21
- Price spread: −0.238% → 0.000%
- −$23.79
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$329
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 1 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 5.32 bp | 30.9 bp −$31 | 162.4 bp −$1,624 | doesn't fit | doesn't fit |
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 | 9.4274 | −0.043% | $47K | $21K | 3x | as long as short |
| Binance NMRUSDT | +0.0100% | 4h | 9.4170 | −0.153% | $2.0M | $2.1M | 50x | as long as short |
| Bybit NMRUSDTshort | +0.0100% | 4h | 9.4090 | −0.238% | $615K | $202K | 50x | |
| OKX NMR-USDT-SWAP | +0.0100% | 4h | 9.4010 | −0.323% | $416K | $386K | 20x | as long as short |
| Gate NMR_USDT | +0.0100% | 8h | 9.4340 | +0.027% | $223K | $74K | 50x | as long as short |
| MEXC NMR_USDT | +0.0100% | 4h | 9.4160 | −0.164% | $5.0M | $161K | 50x | as long as short |
| KuCoin NMRUSDTM | +0.0100% | 4h | 9.4170 | −0.153% | $282K | $37K | 30x | as long as short |
| Bitget NMRUSDT | +0.0100% | 4h | 9.4150 | −0.174% | $859K | $168K | 50x | as long as short |
| BingX NMR-USDT | +0.0100% | 4h | 9.4130 | −0.196% | — | $2.4M | — | as long as short |
| Variational Omni NMR | +0.0100% | 4h | 9.4101 | −0.227% | $2K | $442 | — | as long as short |
Lighter NMR
Binance 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_NMRUSDlong | +0.1453% | 1h | 9.4314 | long leg | $27K | $15K | 10x |