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

NEIRO

all NEIRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.155%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$730.731% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.155%, 7d avg +0.062%
Together, before fees−0.191%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.092% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NEIROUSDT0.000096930.0100pay 0.0050% / 4h1h 00m$5.4M$14.7M50x
ShortHyperliquid kNEIRO0.000097080.0100get 0.0013% / 1h0m 07s$220K$337K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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
$0
Price spread: +0.155% → +0.062%
$9.23
Slippage, 4 orders
−$54.11
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$63.88
Costs to cover
0.731%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Hyperliquid: live order book, 69 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago0.52 bp16.6 bp −$1756.6 bp −$566doesn't fitdoesn't fit
Sell Hyperliquid live order book, 69 min ago1.05 bp16.6 bp −$17doesn't fitdoesn't fitdoesn't fit

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
Aster NEIROUSDT−0.0038%4h0.00009700+0.072%$63K$36K5xas long as short
Injective NEIRO/USDC PERP+0.0033%1h0.00008962−7.536%$2K$15K5.5xas long as short
Hyperliquid kNEIROshort+0.0100%1h0.00009708+0.155%$220K$337K3x
Binance NEIROUSDTlong+0.0100%4h0.00009693long leg$5.4M$14.7M50x
OKX NEIRO-USDT-SWAP+0.0100%4h0.00009705+0.124%$838K$3.8M20xas long as short
Extended kNEIRO-USD+0.0104%1h0.00009692−0.011%$20K$21K5xas long as short
Kraken Futures PF_NEIROUSD+0.0723%1h0.00009713+0.208%$8K$59K10xas long as short