NMR arbitrage between OKX and Binance: we compare the price of NMR on OKX (futures) and Binance (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Numeraire

Decentralized Finance (DeFi), Analytics, Ethereum Ecosystem, Paradigm Portfolio

NMR: OKX — deposit open, withdrawal open; Binance — deposit open, withdrawal open.

Open interest in NMR right now — $4.4M: BingX $1.2M, Binance $1.2M, Bitget $812.8K, Bybit $661.1K, KuCoin $283.5K. See OI NMR.

About NMR arbitrage

How do I read the NMR spread?

The spread is how many percent higher NMR trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on OKX and Binance. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get NMR alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.