Funding arb · Price arb /

NEO

all NEO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0668%/8h= −73.1% APRpaid last 24h −0.277%

Price spread now: Kraken Futures against BloFin−0.151%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Kraken Futures is 0.151% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NEO-USDT	2.5170	0.0114	pay 0.0114% / 8h	1h 56m	$155K	$82K	75x
Short	Kraken Futures PF_NEOUSD	2.5132	−0.0554	pay 0.0069% / 1h	56m 11s	$22K	$658	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Position, each leg$Hold fordaysFee BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.151%Rate

Funding earned: −$140.24
Price spread: −0.151% → 0.000%: −$15.1
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$177.34
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 10 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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 BloFin live order book, 10 min ago	3.97 bp	12.4 bp −$12	28.3 bp −$283	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_NEOUSDshort	−0.0554%	1h	2.5132	−0.151%	$22K	$658	20x
Hyperliquid NEO	+0.0100%	1h	2.5175	+0.020%	$414K	$296K	5x	as long as short
Binance NEOUSDT	+0.0100%	8h	2.5157	−0.050%	$3.4M	$4.8M	75x	as long as short
Bybit NEOUSDT	+0.0100%	8h	2.5170	0.000%	$1.6M	$752K	75x	as long as short
OKX NEO-USDT-SWAP	+0.0100%	8h	2.5160	−0.040%	$361K	$673K	20x	as long as short
Gate NEO_USDT	+0.0100%	8h	2.5180	+0.040%	$233K	$109K	50x	as long as short
MEXC NEO_USDT	+0.0100%	8h	2.5160	−0.040%	$2.8M	$768K	50x	as long as short
KuCoin NEOUSDTM	+0.0100%	8h	2.5160	−0.040%	$716K	$140K	30x	as long as short
Bitget NEOUSDT	+0.0100%	8h	2.5180	+0.040%	$1.6M	$222K	75x	as long as short
BingX NEO-USDC	+0.0100%	8h	2.5180	+0.040%	—	$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	2.5225	+0.220%	$21K	$11	—	as long as short
BloFin NEO-USDTlong	+0.0114%	8h	2.5170	long leg	$155K	$82K	75x