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

NMR

all NMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Variational Omni against Lighter+0.022%7-day average · you sell dearer than you buy
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 4 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 · Variational Omni: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.022% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter NMR9.46370.0096pay 0.0012% / 1h9m 19s$47K$19K3x
ShortVariational Omni NMR9.46570.0100get 0.0050% / 4h3h 09m$2K$463

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: +0.022% → 0.000%
$2.16
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$3
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Lighter: no order-book sample; Variational Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Variational Omni no order-book sample
Lighter and Variational Omni: 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%1h9.4637long leg$47K$19K3x
Binance NMRUSDT+0.0100%4h9.4557−0.085%$2.0M$2.1M50xas long as short
Bybit NMRUSDT+0.0100%4h9.4550−0.092%$618K$212K50xas long as short
OKX NMR-USDT-SWAP+0.0100%4h9.4460−0.187%$422K$379K20xas long as short
Gate NMR_USDT+0.0100%8h9.4660+0.024%$228K$65K50xas long as short
MEXC NMR_USDT+0.0100%4h9.4560−0.081%$5.0M$157K50xas long as short
KuCoin NMRUSDTM+0.0100%4h9.4621−0.017%$281K$34K30xas long as short
Bitget NMRUSDT+0.0100%4h9.4620−0.018%$866K$130K50xas long as short
BingX NMR-USDT+0.0100%4h9.4500−0.145%$2.4Mas long as short
Variational Omni NMRshort+0.0100%4h9.4657+0.022%$2K$463
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NMRUSD+0.2583%1h9.4728+0.096%$27K$15K10xas long as short