Funding you earn now, next payment 03:00 UTC+0.2503%/8h= +274.0% APRpaid last 24h +2.353%
Price spread now: Kraken Futures against Gate−0.189%51s7-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
Funding pays, the price is against you. Kraken Futures is 0.189% cheaper against Gate than usual: you would sell low and buy high (spread −0.189% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6 hours of funding at the current rate (+$75 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NMR_USDT | 9.5340 | 0.0100 | pay 0.0100% / 8h | 5h 31m | $230K | $78K | 50x |
| Short | Kraken Futures PF_NMRUSD | 9.5160 | 0.2603 | get 0.0325% / 1h | 31m 22s | $27K | $15K | 10x |
Gate NMR_USDT
Kraken Futures PF_NMRUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $525.57
- Price spread: −0.189% → 0.000%
- −$18.91
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $481.66
- Costs to cover
- 0.250%
- Break-even
- 0.6 days
Slippage unknown: Gate: live order book, 25 min ago; Kraken Futures: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 25 min ago | 6.30 bp | 48.9 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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 | 9.5289 | −0.053% | $47K | $20K | 3x | as long as short |
| Binance NMRUSDT | +0.0100% | 4h | 9.5310 | −0.031% | $2.0M | $2.2M | 50x | as long as short |
| Bybit NMRUSDT | +0.0100% | 4h | 9.5380 | +0.042% | $628K | $203K | 50x | as long as short |
| OKX NMR-USDT-SWAP | +0.0100% | 4h | 9.5200 | −0.147% | $422K | $387K | 20x | as long as short |
| Gate NMR_USDTlong | +0.0100% | 8h | 9.5340 | long leg | $230K | $78K | 50x | |
| MEXC NMR_USDT | +0.0100% | 4h | 9.5360 | +0.021% | $5.0M | $163K | 50x | as long as short |
| KuCoin NMRUSDTM | +0.0100% | 4h | 9.5272 | −0.071% | $282K | $36K | 30x | as long as short |
| Bitget NMRUSDT | +0.0100% | 4h | 9.5250 | −0.094% | $872K | $147K | 50x | as long as short |
| BingX NMR-USDT | +0.0100% | 4h | 9.5270 | −0.073% | — | $2.4M | — | as long as short |
| Variational Omni NMR | +0.0100% | 4h | 9.5166 | −0.182% | $2K | $574 | — | as long as short |
Lighter NMR
Binance NMRUSDT
Bybit 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_NMRUSDshort | +0.2603% | 1h | 9.5160 | −0.189% | $27K | $15K | 10x |