Funding you earn now, next payment 06:00 UTC−0.2923%/8h= −320.1% APRpaid last 24h −2.096%
Price spread now: KuCoin against Kraken Futures−0.390%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 −$88 a day on $10k at the current rate, and KuCoin is 0.390% cheaper against Kraken Futures than usual: you would sell low and buy high (−$39 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 | 9.4646 | 0.3023 | pay 0.0378% / 1h | 36m 47s | $27K | $15K | 10x |
| Short | KuCoin NMRUSDTM | 9.4277 | 0.0100 | get 0.0050% / 4h | 2h 36m | $280K | $34K | 30x |
Kraken Futures PF_NMRUSD
KuCoin NMRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$613.86
- Price spread: −0.390% → 0.000%
- −$38.98
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$674.83
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 20 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 KuCoin live order book, 20 min ago | 10.57 bp | 202.6 bp −$203 | doesn't fit | 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 | 9.4452 | −0.205% | $47K | $18K | 3x | as long as short |
| Binance NMRUSDT | +0.0100% | 4h | 9.4410 | −0.249% | $2.0M | $2.2M | 50x | as long as short |
| Bybit NMRUSDT | +0.0100% | 4h | 9.4350 | −0.313% | $615K | $211K | 50x | as long as short |
| OKX NMR-USDT-SWAP | +0.0100% | 4h | 9.4270 | −0.397% | $422K | $379K | 20x | as long as short |
| Gate NMR_USDT | +0.0100% | 8h | 9.4340 | −0.323% | $227K | $65K | 50x | as long as short |
| MEXC NMR_USDT | +0.0100% | 4h | 9.4430 | −0.228% | $5.0M | $155K | 50x | as long as short |
| KuCoin NMRUSDTMshort | +0.0100% | 4h | 9.4277 | −0.390% | $280K | $34K | 30x | |
| Bitget NMRUSDT | +0.0100% | 4h | 9.4460 | −0.196% | $865K | $130K | 50x | as long as short |
| BingX NMR-USDT | +0.0100% | 4h | 9.4290 | −0.376% | — | $2.4M | — | as long as short |
| Variational Omni NMR | +0.0100% | 4h | 9.4304 | −0.361% | $2K | $463 | — | as long as short |
Lighter NMR
Binance NMRUSDT
Bybit NMRUSDT
OKX NMR-USDT-SWAP
Gate NMR_USDT
MEXC NMR_USDT
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 | +0.3023% | 1h | 9.4646 | long leg | $27K | $15K | 10x |