Settings8H · net · $10k
Funding arb · Price arb /

NEIRO

all NEIRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.4256%/8h= +466.0% APRpaid last 24h +0.416%
Price spread now: Kraken Futures against Aster+0.345%54s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.663%+$66 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$128 a day on $10k at the current rate, and Kraken Futures is 0.345% dearer against Aster than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.663% in total (about 34.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NEIROUSDT0.000096680.0100pay 0.0050% / 4h2h 18m$66K$59K5x
ShortKraken Futures PF_NEIROUSD0.000097010.4356get 0.0544% / 1h18m 21s$18K$76K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$893.71
Price spread: +0.345% → 0.000%
$34.47
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$910.18
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Kraken Futures: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Kraken Futures no order-book sample
Aster and Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEIRO on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective NEIRO/USDC PERP+0.0033%1h0.00008962−7.297%$2K$15K5.5xas long as short
Hyperliquid kNEIRO+0.0100%1h0.00009676+0.083%$185K$405K3xas long as short
Aster NEIROUSDTlong+0.0100%4h0.00009668long leg$66K$59K5x
Binance NEIROUSDT+0.0100%4h0.00009673+0.052%$5.4M$18.3M50xas long as short
OKX NEIRO-USDT-SWAP+0.0100%4h0.00009680+0.124%$790K$4.2M20xas long as short
Extended kNEIRO-USD+0.0104%1h0.00009641−0.276%$20K$21K5xas long as short
Kraken Futures PF_NEIROUSDshort+0.4356%1h0.00009701+0.345%$18K$76K10x