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

NMR

all NMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.013%
Price spread now: Lighter against OKX+0.223%7-day average · you sell dearer than you buy
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 5 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 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.223% dearer against OKX than usual: you sell high and buy low, +$22 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NMR-USDT-SWAP9.42400.0100pay 0.0050% / 4h1h 40m$416K$385K20x
ShortLighter NMR9.44500.0096get 0.0012% / 1h40m 39s$47K$20K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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: +0.223% → 0.000%
$22.28
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$11.44
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: OKX: live order book, 40 min ago; Lighter: 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 OKX live order book, 40 min ago7.44 bp34.7 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: 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 NMRshort+0.0096%1h9.4450+0.223%$47K$20K3x
Binance NMRUSDT+0.0100%4h9.4393+0.162%$2.0M$2.1M50xas long as short
Bybit NMRUSDT+0.0100%4h9.4350+0.117%$616K$203K50xas long as short
OKX NMR-USDT-SWAPlong+0.0100%4h9.4240long leg$416K$385K20x
Gate NMR_USDT+0.0100%8h9.4350+0.117%$224K$73K50xas long as short
MEXC NMR_USDT+0.0100%4h9.4390+0.159%$5.0M$160K50xas long as short
KuCoin NMRUSDTM+0.0100%4h9.4312+0.076%$283K$38K30xas long as short
Bitget NMRUSDT+0.0100%4h9.4360+0.127%$861K$168K50xas long as short
BingX NMR-USDT+0.0100%4h9.4400+0.170%$2.4Mas long as short
Variational Omni NMR+0.0100%4h9.4056−0.195%$2K$442as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NMRUSD+0.1537%1h9.4856+0.653%$27K$15K10xas long as short