Settings8H · net · $10k
Funding arb · Price arb /

NMR

all NMR markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Variational Omni against Lighter−0.246%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.246% cheaper against Lighter than usual: you would sell low and buy high, −$25 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NMR9.41930.0096pay 0.0012% / 1h56m 37s$47K$20K3x
ShortVariational Omni NMR9.39620.0100get 0.0050% / 4h1h 56m$2K$442

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: −0.246% → 0.000%
−$24.55
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$23.71
Costs to cover
0.000%
Break-even
204.6 days
Slippage unknown: Lighter: no order-book sample; Variational Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Variational Omni no order-book sample
Lighter and Variational Omni: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter NMRlong+0.0096%1h9.4193long leg$47K$20K3x
Binance NMRUSDT+0.0100%4h9.4120−0.078%$2.0M$2.1M50xas long as short
Bybit NMRUSDT+0.0100%4h9.4090−0.109%$615K$202K50xas long as short
OKX NMR-USDT-SWAP+0.0100%4h9.3960−0.247%$415K$384K20xas long as short
Gate NMR_USDT+0.0100%8h9.4150−0.046%$223K$73K50xas long as short
MEXC NMR_USDT+0.0100%4h9.4170−0.024%$5.0M$159K50xas long as short
KuCoin NMRUSDTM+0.0100%4h9.3987−0.219%$282K$37K30xas long as short
Bitget NMRUSDT+0.0100%4h9.4020−0.184%$858K$168K50xas long as short
BingX NMR-USDT+0.0100%4h9.3970−0.237%$2.4Mas long as short
Variational Omni NMRshort+0.0100%4h9.3962−0.246%$2K$442
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NMRUSD+0.1548%1h9.4164−0.031%$27K$15K10xas long as short