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

NEIRO

all NEIRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0071%/8h= −7.7% APRnext payment $0.09 per $10,000 · paid last 24h −0.021%
Price spread now: Injective against Extended−8.463%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 8.463% cheaper against Extended than usual: you would sell low and buy high (−$846 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended kNEIRO-USD0.000097910.0104pay 0.0013% / 1h11m 10s$20K$21K5x
ShortInjective NEIRO/USDC PERP0.000089620.0033get 0.0004% / 1h11m 10s$2K$15K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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
−$14.84
Price spread: −8.463% → 0.000%
−$846.31
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$866.17
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Injective: 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 Extended no order-book sample
Sell Injective no order-book sample
Extended and Injective: 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 PERPshort+0.0033%1h0.00008962−8.463%$2K$15K5.5x
Hyperliquid kNEIRO+0.0100%1h0.00009789−0.022%$189K$398K3xas long as short
Aster NEIROUSDT+0.0100%4h0.00009786−0.052%$66K$52K5xas long as short
Binance NEIROUSDT+0.0100%4h0.00009794+0.029%$5.5M$17.6M50xas long as short
OKX NEIRO-USDT-SWAP+0.0100%4h0.00009785−0.063%$808K$4.2M20xas long as short
Extended kNEIRO-USDlong+0.0104%1h0.00009791long leg$20K$21K5x
Kraken Futures PF_NEIROUSD+0.2750%1h0.00009840+0.496%$17K$73K10xas long as short