Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX+0.147%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1381.383% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.147%, 7d avg +0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.086% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX NMR-USDT-SWAP | 9.5390 | 0.0100 | pay 0.0050% / 4h | 3h 56m | $437K | $353K | 20x |
| Short | Bybit NMRUSDT | 9.5530 | 0.0100 | get 0.0050% / 4h | 3h 56m | $625K | $211K | 50x |
OKX NMR-USDT-SWAP
Bybit NMRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- $0
- Price spread: +0.147% → +0.061%
- $8.57
- Slippage, 4 orders
- −$117.3
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$129.73
- Costs to cover
- 1.383%
- Break-even
- never at this rate
Slippage from OKX: live order book, 39 min ago; Bybit: live order book, 33 min ago.
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 OKX live order book, 39 min ago | 3.68 bp | 32.5 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 33 min ago | 3.68 bp | 33.3 bp −$33 | 153.8 bp −$1,538 | doesn't fit | doesn't fit |
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 | 9.5666 | +0.289% | $48K | $14K | 3x | as long as short |
| Binance NMRUSDT | +0.0100% | 4h | 9.5615 | +0.236% | $2.0M | $2.2M | 50x | as long as short |
| Bybit NMRUSDTshort | +0.0100% | 4h | 9.5530 | +0.147% | $625K | $211K | 50x | |
| OKX NMR-USDT-SWAPlong | +0.0100% | 4h | 9.5390 | long leg | $437K | $353K | 20x | |
| Gate NMR_USDT | +0.0100% | 8h | 9.5400 | +0.010% | $230K | $58K | 50x | as long as short |
| MEXC NMR_USDT | +0.0100% | 4h | 9.5610 | +0.231% | $5.1M | $157K | 50x | as long as short |
| KuCoin NMRUSDTM | +0.0100% | 4h | 9.5442 | +0.055% | $283K | $33K | 30x | as long as short |
| Bitget NMRUSDT | +0.0100% | 4h | 9.5600 | +0.220% | $872K | $126K | 50x | as long as short |
| BingX NMR-USDT | +0.0100% | 4h | 9.5580 | +0.199% | — | $2.4M | — | as long as short |
| Variational Omni NMR | +0.0100% | 4h | 9.5452 | +0.065% | $2K | $333 | — | as long as short |
Lighter NMR
Binance NMRUSDT
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_NMRUSD | +3.9967% | 1h | 9.5571 | +0.189% | $28K | $15K | 10x | as long as short |
Kraken Futures PF_NMRUSD