Funding arb · Price arb /

NEO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.040%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.040%, 7d avg −0.008%

Together, before fees+0.046%+$5 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: MEXC is 0.031% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEOUSDT	2.5060	0.0100	pay 0.0100% / 8h	51m 10s	$3.1M	$4.6M	75x
Short	MEXC NEO_USDT	2.5050	0.0100	get 0.0100% / 8h	51m 10s	$2.9M	$620K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee BinancebpFee MEXCbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.008%: −$3.15
Slippage, 4 orders: −$28.56
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$45.71
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; MEXC: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 16 min ago	2.01 bp	18.3 bp −$18	46.2 bp −$462	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.00 bp	4.0 bp −$4	14.6 bp −$146	83.4 bp −$8,341	150.2 bp −$75.1K

NEO on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_NEOUSD	−0.0743%	1h	2.5079	+0.077%	$22K	$3K	20x	as long as short
Hyperliquid NEO	+0.0100%	1h	2.5068	+0.032%	$249K	$149K	5x	as long as short
Binance NEOUSDTlong	+0.0100%	8h	2.5060	long leg	$3.1M	$4.6M	75x
Bybit NEOUSDT	+0.0100%	8h	2.5040	−0.080%	$1.6M	$863K	75x	as long as short
OKX NEO-USDT-SWAP	+0.0100%	8h	2.5070	+0.040%	$344K	$592K	20x	as long as short
Gate NEO_USDT	+0.0100%	8h	2.5060	0.000%	$259K	$116K	50x	as long as short
MEXC NEO_USDTshort	+0.0100%	8h	2.5050	−0.040%	$2.9M	$620K	50x
KuCoin NEOUSDTM	+0.0100%	8h	2.5040	−0.080%	$736K	$148K	30x	as long as short
Bitget NEOUSDT	+0.0100%	8h	2.5040	−0.080%	$1.6M	$276K	75x	as long as short
BingX NEO-USDC	+0.0100%	8h	2.5060	0.000%	—	$6.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NEO	+0.0100%	8h	2.5027	−0.133%	$21K	$331	—	as long as short
BloFin NEO-USDT	+0.0111%	8h	2.5070	+0.040%	$148K	$76K	75x	as long as short