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

NEO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.131%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1151.153% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.206%−$21 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.131% dearer against BingX than usual: you sell high and buy low, +$13 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX NEO-USDC2.51700.0100pay 0.0100% / 8h6h 10m$6.5M
ShortHyperliquid NEO2.52030.0100get 0.0013% / 1h10m 43s$269K$226K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.131% → 0.000%
$13.11
Slippage, 4 orders
−$96.32
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$102.21
Costs to cover
1.153%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Hyperliquid: live order book, 29 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 BingX live order book, 10 min ago5.95 bp32.7 bp −$33111.4 bp −$1,114656.5 bp −$65.7K845.4 bp −$422.7K
Sell Hyperliquid live order book, 29 min ago2.58 bp22.3 bp −$2236.0 bp −$360doesn't fitdoesn't fit

NEO on 11 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
Kraken Futures PF_NEOUSD−0.0769%1h2.5172+0.009%$22K$3K20xas long as short
Hyperliquid NEOshort+0.0100%1h2.5203+0.131%$269K$226K5x
Binance NEOUSDT+0.0100%8h2.5161−0.036%$3.4M$5.2M75xas long as short
Bybit NEOUSDT+0.0100%8h2.5160−0.040%$1.6M$884K75xas long as short
OKX NEO-USDT-SWAP+0.0100%8h2.51700.000%$351K$702K20xas long as short
Gate NEO_USDT+0.0100%8h2.5190+0.079%$262K$118K50xas long as short
MEXC NEO_USDT+0.0100%8h2.5160−0.040%$2.9M$745K50xas long as short
KuCoin NEOUSDTM+0.0100%8h2.5160−0.040%$731K$150K30xas long as short
Bitget NEOUSDT+0.0100%8h2.5180+0.040%$1.6M$279K75xas long as short
BingX NEO-USDClong+0.0100%8h2.5170long leg$6.5M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NEO+0.0100%8h2.5176+0.022%$21K$82as long as short