ArbiLayer

NMR arbitrage

live

Live Numeraire price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.95%Gate → Variational · Perp–Perp
Best perp–perp spread+1.11%Gate → Variational
Markets tracked159 venues · 8 perp · 6 spot · 1 DEX
Price range1.40%$14.45 – $14.66

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$14.46Variational logoVariational$14.62 +1.11%+0.95% +1.18%— +1.656%— LS Chart →
Gate logoGate$14.46Bybit logoBybit$14.62 +1.10%+0.94% +1.22%— +2.875%-1.63% LS Chart →
Bitget logoBitget$14.47Variational logoVariational$14.62 +1.00%+0.84% +1.37%— +0.590%— LS Chart →
Bitget logoBitget$14.47Bybit logoBybit$14.62 +1.00%+0.84% +1.41%$14.5K +1.808%-2.43% LS Chart →
MEXC logoMEXC$14.49Variational logoVariational$14.62 +0.91%+0.75% +1.30%— +0.797%— LS Chart →
MEXC logoMEXC$14.49Bybit logoBybit$14.62 +0.90%+0.74% +1.35%— +2.016%-0.62% LS Chart →
Binance logoBinance$14.49Variational logoVariational$14.62 +0.88%+0.72% +1.28%— +0.799%— LS Chart →
Binance logoBinance$14.49Bybit logoBybit$14.62 +0.88%+0.72% +1.33%$26.0K +2.018%-1.01% LS Chart →
OKX logoOKX$14.50Variational logoVariational$14.62 +0.82%+0.66% +1.15%— +0.345%— LS Chart →
OKX logoOKX$14.50Bybit logoBybit$14.62 +0.81%+0.65% +1.19%— +1.564%-0.15% LS Chart →
KuCoin logoKuCoin$14.51Variational logoVariational$14.62 +0.77%+0.61% +1.11%— +0.489%— LS Chart →
KuCoin logoKuCoin$14.51Bybit logoBybit$14.62 +0.76%+0.60% +1.16%— +1.708%-2.42% LS Chart →
Gate logoGate$14.46KuCoin logoKuCoin$14.50 +0.28%+0.12% +0.01%— +1.167%+0.79% LS Chart →
Gate logoGate$14.46OKX logoOKX$14.49 +0.26%+0.10% +0.01%— +1.311%-1.48% LS Chart →
Gate logoGate$14.46Binance logoBinance$14.49 +0.20%+0.04% -0.13%— +0.857%-0.62% LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

NMR price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · NMR-USDT-SWAPPerpetual $14.49$14.50$14.50-0.86% -2.472%$161.84M
Bybit logoBybitPerpetual · NMRUSDTPerpetual $14.62$14.62$14.62-0.03% -0.908%$94.84M
Bitget logoBitgetPerpetual · NMRUSDTPerpetual $14.47$14.47$14.47-1.04% -2.716%$49.35M
MEXC logoMEXCPerpetual · NMR_USDTPerpetual $14.48$14.49$14.48-0.94% -2.924%$21.65M
KuCoin logoKuCoinPerpetual · NMRUSDTMPerpetual $14.50$14.51$14.50-0.82% -2.615%$14.25M
Gate logoGatePerpetual · NMR_USDTPerpetual $14.45$14.46$14.45-1.15% -3.782%$13.91M
Gate logoGateSpot · NMR_USDTSpot $14.65$14.67$14.66+0.25% —$3.13M
OKX logoOKXSpot · NMR-USDTSpot $14.63$14.66$14.65+0.16% —$2.45M
Variational logoVariationalPerpetual · NMRPerpetual $14.62$14.64$14.63+0.04% -2.126%$1.70M
Bitget logoBitgetSpot · NMRUSDTSpot $14.61$14.65$14.63+0.06% —$1.53M
KuCoin logoKuCoinSpot · NMR-USDTSpot $14.61$14.65$14.63+0.03% —$1.46M
Uniswap · Ethereum logoUniswap · EthereumDEX pool · ethereum · 0x1776…6671DEX pool $14.65$14.73$14.69+0.47% —$302.7K
Binance logoBinancePerpetual · NMRUSDTPerpetual $14.49$14.49$14.49-0.92% -2.926%—
Binance logoBinanceSpot · NMRUSDTSpot $14.62$14.64$14.63+0.06% ——
MEXC logoMEXCSpot · NMRUSDTSpot $14.63$14.64$14.64+0.10% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

NMR arbitrage explained

Right now Numeraire (NMR) trades on 9 venues we scan: 8 perpetual markets, 6 spot markets and 1 DEX pool. The lowest ask is on Gate perp at $14.46 and the highest bid on Gate spot at $14.65.

The widest NMR perpetual spread is between Gate and Variational: long NMR on Gate at $14.46 and short on Variational at $14.62 for +1.11% gross, or +0.95% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +1.656% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best NMR route is to buy spot on Binance and short the perpetual on Variational: -0.16% gross, -0.36% net, with -2.126% a day of funding on the short leg.

Spot–spot NMR arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows +0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small NMR gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: NMR funding rates · NMR spread charts · Numeraire price · arbitrage scanner for all coins.

Is there a NMR arbitrage opportunity right now?

The best NMR route right now is to buy on Gate → sell on Variational (Perp–Perp): +1.11% gross and +0.95% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest NMR?

Gate (perp) has the lowest NMR ask at $14.46, and Gate (spot) the highest bid at $14.65. Prices update every 15 seconds on this page.

How many exchanges list NMR?

ArbiLayer tracks 15 NMR markets on 9 venues: 8 perpetual, 6 spot and 1 DEX pool.

How do I arbitrage NMR without transferring coins?

Use two perpetual contracts: go long NMR on the cheaper exchange (Gate now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

BLAST +20.95%CRO +15.41%ESPORTS +7.80%ONE +6.33%OPENAI +5.98%UPC +5.30%2U2 +3.92%CATE +3.49%ANTHROPIC +3.40%OURA +3.17%EGLD +3.11%ZIL +3.03%SPCX +2.82%STAMP +2.75%AI +2.13%PENGSTOCK +2.12%MUSEBOOK +2.05%APPSTOCK +1.67%