Funding you earn now, next payment 11:00 UTC−0.2561%/8h= −280.4% APRpaid last 24h −2.731%
Price spread now: MEXC against Kraken Futures−0.079%7-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
Both sides work against this trade now: funding costs −$77 a day on $10k at the current rate, and MEXC is 0.079% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_NMRUSD | 9.4294 | 0.2661 | pay 0.0333% / 1h | 8m 17s | $28K | $11K | 10x |
| Short | MEXC NMR_USDT | 9.4220 | 0.0100 | get 0.0050% / 4h | 1h 08m | $5.0M | $156K | 50x |
Kraken Futures PF_NMRUSD
MEXC NMR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Kraken Futures. 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
- −$537.83
- Price spread: −0.079% → 0.000%
- −$7.89
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$559.72
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 2 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 2 min ago | 0.53 bp | 6.9 bp −$7 | 34.9 bp −$349 | 86.0 bp −$8,597 | 336.9 bp −$168.4K |
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 exchanges
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 | 9.4219 | −0.080% | $47K | $12K | 3x | as long as short |
| Binance NMRUSDT | +0.0100% | 4h | 9.4220 | −0.079% | $2.0M | $2.0M | 50x | as long as short |
| Bybit NMRUSDT | +0.0100% | 4h | 9.4210 | −0.090% | $604K | $183K | 50x | as long as short |
| OKX NMR-USDT-SWAP | +0.0100% | 4h | 9.4120 | −0.185% | $432K | $242K | 20x | as long as short |
| Gate NMR_USDT | +0.0100% | 8h | 9.4250 | −0.047% | $226K | $50K | 50x | as long as short |
| MEXC NMR_USDTshort | +0.0100% | 4h | 9.4220 | −0.079% | $5.0M | $156K | 50x | |
| KuCoin NMRUSDTM | +0.0100% | 4h | 9.4172 | −0.130% | $265K | $34K | 30x | as long as short |
| Bitget NMRUSDT | +0.0100% | 4h | 9.4310 | +0.017% | $855K | $101K | 50x | as long as short |
| BingX NMR-USDT | +0.0100% | 4h | 9.4170 | −0.132% | — | $2.4M | — | as long as short |
| Variational Omni NMR | +0.0100% | 4h | 9.4136 | −0.168% | $2K | $133 | — | as long as short |
Lighter NMR
Binance NMRUSDT
Bybit NMRUSDT
OKX NMR-USDT-SWAP
Gate NMR_USDT
KuCoin NMRUSDTM
Bitget NMRUSDT
BingX NMR-USDT
Variational Omni NMRShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NMRUSDlong | +0.2661% | 1h | 9.4294 | long leg | $28K | $11K | 10x |