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

NEO

all NEO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.005%
Price spread now: Hyperliquid against BloFin+0.089%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$820.819% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.169%−$17 on $10k
Price spread, last 3 days (all we have)−0.733%−$73 · spread now +0.089%, 7d avg −0.037%
Together, before fees−0.902%+ Points / potential airdropHyperliquid: Season 2 · farm board−$90 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.125% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.037%. Mind the row above: over the last 7 days funding on this pair cost −0.169%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NEO-USDT2.48100.0081pay 0.0081% / 8h2h 50m$148K$77K75x
ShortHyperliquid NEO2.48320.0100get 0.0013% / 1h50m 45s$241K$140K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
$4.07
Price spread: +0.089% → −0.037%
$12.54
Slippage, 4 orders
−$60.93
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$65.31
Costs to cover
0.819%
Break-even
119.2 days
Slippage from BloFin: live order book, 30 min ago; Hyperliquid: live order book, 33 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 BloFin live order book, 30 min ago4.01 bp15.0 bp −$1526.5 bp −$265doesn't fitdoesn't fit
Sell Hyperliquid live order book, 33 min ago2.01 bp26.3 bp −$26doesn't fitdoesn't fitdoesn't fit

NEO on 12 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−0.1088%1h2.4836+0.104%$22K$3K20xas long as short
BloFin NEO-USDTlong+0.0081%8h2.4810long leg$148K$77K75x
Hyperliquid NEOshort+0.0100%1h2.4832+0.089%$241K$140K5x
Binance NEOUSDT+0.0100%8h2.4826+0.064%$3.1M$4.7M75xas long as short
Bybit NEOUSDT+0.0100%8h2.4820+0.040%$1.6M$876K75xas long as short
OKX NEO-USDT-SWAP+0.0100%8h2.4830+0.081%$337K$575K20xas long as short
Gate NEO_USDT+0.0100%8h2.4830+0.081%$259K$116K50xas long as short
MEXC NEO_USDT+0.0100%8h2.4830+0.081%$2.8M$632K50xas long as short
KuCoin NEOUSDTM+0.0100%8h2.4800−0.040%$729K$150K30xas long as short
Bitget NEOUSDT+0.0100%8h2.4790−0.081%$1.6M$284K75xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX NEO-USDC+0.0100%8h2.4820+0.040%$6.5Mas long as short
Variational Omni NEO+0.0100%8h2.4850+0.161%$21K$331as long as short