ArbiLayer

NMR arbitrage

live

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

Best net spread+0.14%Bitget → Variational · Perp–Perp
Best perp–perp spread+0.30%Bitget → Variational
Markets tracked148 venues · 8 perp · 6 spot · 0 DEX
Price range0.69%$13.85 – $13.95

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
No venue pairs for this coin in this mode right now.
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 $13.87$13.88$13.87-0.13% -0.318%$60.92M
Bybit logoBybitPerpetual · NMRUSDTPerpetual $13.88$13.89$13.88-0.06% +0.030%$47.61M
Bitget logoBitgetPerpetual · NMRUSDTPerpetual $13.85$13.86$13.85-0.28% -0.371%$23.29M
MEXC logoMEXCPerpetual · NMR_USDTPerpetual $13.87$13.87$13.87-0.16% -0.330%$10.68M
Gate logoGatePerpetual · NMR_USDTPerpetual $13.87$13.88$13.88-0.12% -0.194%$6.37M
KuCoin logoKuCoinPerpetual · NMRUSDTMPerpetual $13.88$13.89$13.89-0.05% -0.258%$4.86M
Gate logoGateSpot · NMR_USDTSpot $13.90$13.90$13.90+0.06% —$1.97M
OKX logoOKXSpot · NMR-USDTSpot $13.90$13.91$13.91+0.09% —$1.62M
Variational logoVariationalPerpetual · NMRPerpetual $13.90$13.92$13.91+0.11% +0.030%$847.6K
KuCoin logoKuCoinSpot · NMR-USDTSpot $13.89$13.91$13.90+0.06% —$688.1K
Bitget logoBitgetSpot · NMRUSDTSpot $13.93$13.97$13.95+0.41% —$433.3K
Binance logoBinancePerpetual · NMRUSDTPerpetual $13.87$13.87$13.87-0.16% -0.330%—
Binance logoBinanceSpot · NMRUSDTSpot $13.89$13.91$13.90+0.05% ——
MEXC logoMEXCSpot · NMRUSDTSpot $13.89$13.91$13.90+0.05% ——
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 8 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $13.86 and the highest bid on Bitget spot at $13.93.

The widest NMR perpetual spread is between Bitget and Variational: long NMR on Bitget at $13.86 and short on Variational at $13.90 for +0.30% gross, or +0.14% 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 +0.401% 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 Gate and short the perpetual on Variational: -0.03% gross, -0.23% net, with +0.030% a day of funding on the short leg.

Spot–spot NMR arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.21% 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 Bitget → sell on Variational (Perp–Perp): +0.30% gross and +0.14% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest NMR?

Bitget (perp) has the lowest NMR ask at $13.86, and Bitget (spot) the highest bid at $13.93. Prices update every 15 seconds on this page.

How many exchanges list NMR?

ArbiLayer tracks 14 NMR markets on 8 venues: 8 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage NMR without transferring coins?

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

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