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

NMR

all NMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Binance against Lighter−0.015%7-day average · you buy dearer than you sell
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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NMR9.50600.0096pay 0.0012% / 1h38m 29s$47K$20K3x
ShortBinance NMRUSDT9.50460.0100get 0.0050% / 4h1h 38m$2.0M$2.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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: −0.015% → 0.000%
−$1.49
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$10.65
Costs to cover
0.100%
Break-even
95.8 days
Slippage unknown: Lighter: no order-book sample; Binance: live order book, 11 min ago. 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 Lighter no order-book sample
Sell Binance live order book, 11 min ago1.05 bp18.1 bp −$1864.6 bp −$646doesn't fitdoesn't fit
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 NMRlong+0.0096%1h9.5060long leg$47K$20K3x
Binance NMRUSDTshort+0.0100%4h9.5046−0.015%$2.0M$2.2M50x
Bybit NMRUSDT+0.0100%4h9.5080+0.021%$626K$203K50xas long as short
OKX NMR-USDT-SWAP+0.0100%4h9.4900−0.168%$421K$386K20xas long as short
Gate NMR_USDT+0.0100%8h9.5190+0.137%$230K$78K50xas long as short
MEXC NMR_USDT+0.0100%4h9.5070+0.011%$5.0M$163K50xas long as short
KuCoin NMRUSDTM+0.0100%4h9.5150+0.095%$282K$36K30xas long as short
Bitget NMRUSDT+0.0100%4h9.5110+0.053%$870K$147K50xas long as short
BingX NMR-USDT+0.0100%4h9.5100+0.042%$2.4Mas long as short
Variational Omni NMR+0.0100%4h9.5026−0.035%$2K$574as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NMRUSD+0.2610%1h9.4901−0.167%$27K$15K10xas long as short