ArbiLayer

NMR arbitrage

live

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

Best net spread+0.42%Gate → Variational · Perp–Perp
Best perp–perp spread+0.58%Gate → Variational
Markets tracked159 venues · 8 perp · 6 spot · 1 DEX
Price range0.91%$14.83 – $14.96

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$14.94Bitget logoBitgetspot$14.94 0.00%-0.20% 0.00%— 0.000%— LS Chart →
MEXC logoMEXCspot$14.94Bitget logoBitgetspot$14.94 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
Gate logoGatespot$14.94KuCoin logoKuCoinspot$14.94 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
MEXC logoMEXCspot$14.94KuCoin logoKuCoinspot$14.94 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
OKX logoOKXspot$14.95Bitget logoBitgetspot$14.94 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
MEXC logoMEXCspot$14.94Gate logoGatespot$14.93 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
Gate logoGatespot$14.94OKX logoOKXspot$14.93 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
MEXC logoMEXCspot$14.94OKX logoOKXspot$14.93 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Binance logoBinancespot$14.95Bitget logoBitgetspot$14.94 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$14.95Bitget logoBitgetspot$14.94 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
Gate logoGatespot$14.94Binance logoBinancespot$14.93 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
MEXC logoMEXCspot$14.94Binance logoBinancespot$14.93 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
Gate logoGatespot$14.94MEXC logoMEXCspot$14.93 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
OKX logoOKXspot$14.95KuCoin logoKuCoinspot$14.94 -0.09%-0.29% -0.09%— 0.000%— LS Chart →
Binance logoBinancespot$14.95KuCoin logoKuCoinspot$14.94 -0.10%-0.30% -0.10%— 0.000%— 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 $14.86$14.86$14.86-0.37% -0.963%$114.71M
Bybit logoBybitPerpetual · NMRUSDTPerpetual $14.91$14.91$14.91-0.03% -2.006%$73.11M
Bitget logoBitgetPerpetual · NMRUSDTPerpetual $14.84$14.84$14.84-0.52% -1.099%$39.56M
MEXC logoMEXCPerpetual · NMR_USDTPerpetual $14.85$14.85$14.85-0.46% -1.078%$15.01M
Gate logoGatePerpetual · NMR_USDTPerpetual $14.83$14.83$14.83-0.60% -1.985%$10.57M
KuCoin logoKuCoinPerpetual · NMRUSDTMPerpetual $14.86$14.87$14.86-0.36% -0.955%$8.33M
Gate logoGateSpot · NMR_USDTSpot $14.93$14.94$14.94+0.14% —$2.22M
OKX logoOKXSpot · NMR-USDTSpot $14.93$14.95$14.94+0.17% —$1.79M
Variational logoVariationalPerpetual · NMRPerpetual $14.91$14.93$14.92+0.03% -1.807%$1.38M
KuCoin logoKuCoinSpot · NMR-USDTSpot $14.94$14.95$14.94+0.18% —$1.08M
Bitget logoBitgetSpot · NMRUSDTSpot $14.94$14.98$14.96+0.30% —$885.4K
Uniswap · Ethereum logoUniswap · EthereumDEX pool · ethereum · 0x1776…6671DEX pool $14.90$14.98$14.94+0.17% —$242.6K
Binance logoBinancePerpetual · NMRUSDTPerpetual $14.85$14.85$14.85-0.43% -1.085%—
Binance logoBinanceSpot · NMRUSDTSpot $14.93$14.95$14.94+0.17% ——
MEXC logoMEXCSpot · NMRUSDTSpot $14.93$14.94$14.94+0.13% ——
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 $14.83 and the highest bid on Bitget spot at $14.94.

The widest NMR perpetual spread is between Gate and Variational: long NMR on Gate at $14.83 and short on Variational at $14.91 for +0.58% gross, or +0.42% 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 +0.177% 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: -0.19% gross, -0.39% net, with -1.807% a day of funding on the short leg.

Spot–spot NMR arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows 0.00% 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): +0.58% gross and +0.42% 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 $14.83, and Bitget (spot) the highest bid at $14.94. 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

CRO +16.63%POWER +16.33%OKB +10.70%ESPORTS +8.03%BDX +7.52%ONE +6.65%OPENAI +6.54%AI +5.47%ANTHROPIC +3.40%SPCX +3.20%CATE +3.19%OURA +3.06%EGLD +2.87%ZIL +2.81%SNEK +2.53%GAIB +2.37%MOO +2.33%H100 +2.18%