Funding arb · Price arb /

NEO

all NEO markets

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: Gate against BingX0.000%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$414as in the Funding arb table

Net, price: spread back to 7d avg − costs−$412as in the Price arb table

costs, in and out, $10k−$4144.137% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now 0.000%, 7d avg −0.020%

Together, before fees−0.043%−$4 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: Gate is 0.020% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEO-USDC	2.4940	0.0100	pay 0.0100% / 8h	33m 54s	—	$6.5M	—
Short	Gate NEO_USDT	2.4940	0.0100	get 0.0100% / 8h	33m 54s	$258K	$117K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.020%: $2.01
Slippage, 4 orders: −$388.74
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$411.73
Costs to cover: 4.137%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Gate: live order book, 38 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 BingX live order book, 2 min ago	6.02 bp	33.3 bp −$33	103.4 bp −$1,034	685.4 bp −$68.5K	851.4 bp −$425.7K
Sell Gate live order book, 38 min ago	2.01 bp	132.0 bp −$132	doesn't fit	doesn't fit	doesn't fit

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	−0.0747%	1h	2.4937	−0.011%	$22K	$3K	20x	as long as short
Hyperliquid NEO	+0.0100%	1h	2.4935	−0.020%	$248K	$148K	5x	as long as short
Binance NEOUSDT	+0.0100%	8h	2.4931	−0.037%	$3.1M	$4.6M	75x	as long as short
Bybit NEOUSDT	+0.0100%	8h	2.4920	−0.080%	$1.6M	$846K	75x	as long as short
OKX NEO-USDT-SWAP	+0.0100%	8h	2.4930	−0.040%	$339K	$595K	20x	as long as short
Gate NEO_USDTshort	+0.0100%	8h	2.4940	0.000%	$258K	$117K	50x
MEXC NEO_USDT	+0.0100%	8h	2.4920	−0.080%	$3.0M	$636K	50x	as long as short
KuCoin NEOUSDTM	+0.0100%	8h	2.4890	−0.200%	$732K	$148K	30x	as long as short
Bitget NEOUSDT	+0.0100%	8h	2.4900	−0.160%	$1.6M	$269K	75x	as long as short
BingX NEO-USDClong	+0.0100%	8h	2.4940	long leg	—	$6.5M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NEO	+0.0100%	8h	2.4967	+0.109%	$21K	$82	—	as long as short
BloFin NEO-USDT	+0.0106%	8h	2.4970	+0.120%	$149K	$75K	75x	as long as short