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

NMR

all NMR markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Lighter−0.077%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.077% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NMR9.40470.0096pay 0.0012% / 1h3m 46s$47K$21K3x
ShortKuCoin NMRUSDTM9.39750.0100get 0.0050% / 4h2h 03m$282K$37K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.077% → 0.000%
−$7.66
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$18.82
Costs to cover
0.120%
Break-even
163.8 days
Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago16.99 bp188.0 bp −$188doesn't fitdoesn'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%1h9.4047long leg$47K$21K3x
Binance NMRUSDT+0.0100%4h9.3965−0.087%$2.0M$2.1M50xas long as short
Bybit NMRUSDT+0.0100%4h9.3970−0.082%$614K$202K50xas long as short
OKX NMR-USDT-SWAP+0.0100%4h9.3840−0.220%$415K$385K20xas long as short
Gate NMR_USDT+0.0100%8h9.4110+0.067%$223K$74K50xas long as short
MEXC NMR_USDT+0.0100%4h9.3960−0.093%$5.0M$162K50xas long as short
KuCoin NMRUSDTMshort+0.0100%4h9.3975−0.077%$282K$37K30x
Bitget NMRUSDT+0.0100%4h9.4000−0.050%$858K$168K50xas long as short
BingX NMR-USDT+0.0100%4h9.3970−0.082%$2.4Mas long as short
Variational Omni NMR+0.0100%4h9.3931−0.124%$2K$442as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NMRUSD+0.1457%1h9.4094+0.050%$27K$15K10xas long as short