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

NEIRO

all NEIRO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX0.000%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$830.835% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.016%−$2 on $10k
Price spread, last 4 days (all we have)−0.137%−$14 · spread now 0.000%, 7d avg −0.078%
Together, before fees−0.153%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 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 0.078% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NEIRO-USDT-SWAP0.000096910.0100pay 0.0050% / 4h3h 18m$818K$3.8M20x
ShortHyperliquid kNEIRO0.000096910.0100get 0.0013% / 1h18m 38s$191K$362K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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: 0.000% → −0.078%
$7.79
Slippage, 4 orders
−$64.47
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$75.68
Costs to cover
0.835%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Hyperliquid: live order book, 31 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 OKX live order book, 4 min ago1.54 bp17.1 bp −$1790.3 bp −$903doesn't fitdoesn't fit
Sell Hyperliquid live order book, 31 min ago1.04 bp17.9 bp −$18doesn'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−0.0061%4h0.00009699+0.083%$64K$41K5xas long as short
Injective NEIRO/USDC PERP+0.0033%1h0.00008962−7.517%$2K$15K5.5xas long as short
Hyperliquid kNEIROshort+0.0100%1h0.000096910.000%$191K$362K3x
Binance NEIROUSDT+0.0100%4h0.00009688−0.031%$5.5M$15.1M50xas long as short
OKX NEIRO-USDT-SWAPlong+0.0100%4h0.00009691long leg$818K$3.8M20x
Extended kNEIRO-USD+0.0104%1h0.00009691−0.005%$20K$21K5xas long as short
Kraken Futures PF_NEIROUSD+0.2677%1h0.00009720+0.295%$8K$59K10xas long as short