Funding you earn now, next payment 20:00 UTC+0.9343%/8hpaid last 24h +2.622%
Price spread now: Kraken Futures against Bybit+0.096%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$280 a day on $10k at the current rate, and Kraken Futures is 0.096% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NMRUSDT | 9.3760 | 0.0100 | pay 0.0050% / 4h | 5m 59s | $612K | $204K | 50x |
| Short | Kraken Futures PF_NMRUSD | 9.3850 | 0.9443 | get 0.1180% / 1h | 5m 59s | $26K | $14K | 10x |
Bybit NMRUSDT
Kraken Futures PF_NMRUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $1,962.08
- Price spread: +0.096% → 0.000%
- $9.58
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1,950.66
- Costs to cover
- 0.210%
- Break-even
- 0.0 days
Slippage unknown: Bybit: live order book, 22 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 Bybit live order book, 22 min ago | 4.80 bp | 58.0 bp −$58 | 299.0 bp −$2,990 | 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 | 9.3733 | −0.029% | $47K | $21K | 3x | as long as short |
| Binance NMRUSDT | +0.0100% | 4h | 9.3730 | −0.032% | $2.0M | $2.1M | 50x | as long as short |
| Bybit NMRUSDTlong | +0.0100% | 4h | 9.3760 | long leg | $612K | $204K | 50x | |
| OKX NMR-USDT-SWAP | +0.0100% | 4h | 9.3580 | −0.192% | $415K | $384K | 20x | as long as short |
| Gate NMR_USDT | +0.0100% | 8h | 9.3810 | +0.053% | $219K | $74K | 50x | as long as short |
| MEXC NMR_USDT | +0.0100% | 4h | 9.3720 | −0.043% | $5.0M | $166K | 50x | as long as short |
| KuCoin NMRUSDTM | +0.0100% | 4h | 9.3827 | +0.071% | $281K | $37K | 30x | as long as short |
| Bitget NMRUSDT | +0.0100% | 4h | 9.3710 | −0.053% | $856K | $166K | 50x | as long as short |
| BingX NMR-USDT | +0.0100% | 4h | 9.3700 | −0.064% | — | $2.4M | — | as long as short |
| Variational Omni NMR | +0.0100% | 4h | 9.3785 | +0.026% | $2K | $441 | — | as long as short |
Lighter NMR
Binance NMRUSDT
OKX NMR-USDT-SWAP
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_NMRUSDshort | +0.9443% | 1h | 9.3850 | +0.096% | $26K | $14K | 10x |