# Redeeming NFT To leverage arbitrage opportunities you can use the Redeem functionality on the protocol. ## Redeeming Navigating from the Overview page to the Redeem page you can see more information about Redemptions.

Selecting the Redeem button opens a modal where you can enter the amount of NFTs to redeem. The protocol will tell you how many you can redeem based on the amount of Fungify NFT Index Tokens in your wallet.

Redeeming will return to you a random NFT as well as any change you are entitled to. ## Seeing Which NFT You Redeemed After redeeming you can wait for the transaction to process to see which NFT you receive. It will show you the NFTs and the change you receive back. When the transaction finishes it will also show up in your Transaction History.

You can also see redemptions notifications in the Transaction History notifications

Navigating to the Transaction History provides you with details of your redemption

## Change Redeeming will require you to send an amount of NFT equivalent to the collection with the highest Redemption Price in the Index. If a different collection is selected then after redeeming you will also receive back the difference between the amount you sent and the collection's Redemption Price. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.fungify.it/user-guide/index/redeeming-nft.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.