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

NEIRO

all NEIRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.113%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$830.832% 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)+0.055%+$6 · spread now −0.113%, 7d avg −0.063%
Together, before fees+0.024%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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: Binance is 0.050% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kNEIRO0.000097580.0100pay 0.0013% / 1h8m 41s$187K$407K3x
ShortBinance NEIROUSDT0.000097470.0100get 0.0050% / 4h1h 08m$5.4M$19.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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: −0.113% → −0.063%
−$4.98
Slippage, 4 orders
−$64.21
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$88.19
Costs to cover
0.832%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 51 min ago; Binance: live order book, 2 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 Hyperliquid live order book, 51 min ago5.62 bp29.8 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 2 min ago0.51 bp14.0 bp −$1449.1 bp −$491doesn'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
Injective NEIRO/USDC PERP+0.0033%1h0.00008962−8.152%$2K$15K5.5xas long as short
Hyperliquid kNEIROlong+0.0100%1h0.00009758long leg$187K$407K3x
Aster NEIROUSDT+0.0100%4h0.00009756−0.020%$63K$72K5xas long as short
Binance NEIROUSDTshort+0.0100%4h0.00009747−0.113%$5.4M$19.1M50x
OKX NEIRO-USDT-SWAP+0.0100%4h0.00009749−0.092%$775K$4.3M20xas long as short
Extended kNEIRO-USD+0.0104%1h0.00009744−0.141%$20K$21K5xas long as short
Kraken Futures PF_NEIROUSD+0.6400%1h0.00009769+0.115%$19K$78K10xas long as short