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

NEO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.004%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1041.037% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.163%−$16 on $10k
Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.004%, 7d avg −0.043%
Together, before fees−0.191%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 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: Hyperliquid is 0.047% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NEOUSDT2.48200.0100pay 0.0100% / 8h2h 40m$1.6M$866K75x
ShortHyperliquid NEO2.48210.0100get 0.0013% / 1h40m 20s$241K$140K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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: +0.004% → −0.043%
$4.73
Slippage, 4 orders
−$83.68
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$98.94
Costs to cover
1.037%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 43 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 Bybit live order book, 1 min ago4.03 bp26.0 bp −$26789.4 bp −$7,894doesn't fitdoesn't fit
Sell Hyperliquid live order book, 43 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%1h2.4827+0.027%$22K$3K20xas long as short
BloFin NEO-USDT+0.0075%8h2.4830+0.040%$149K$75K75xas long as short
Hyperliquid NEOshort+0.0100%1h2.4821+0.004%$241K$140K5x
Binance NEOUSDT+0.0100%8h2.4810−0.040%$3.1M$4.5M75xas long as short
Bybit NEOUSDTlong+0.0100%8h2.4820long leg$1.6M$866K75x
OKX NEO-USDT-SWAP+0.0100%8h2.4800−0.081%$337K$569K20xas long as short
Gate NEO_USDT+0.0100%8h2.4840+0.081%$259K$116K50xas long as short
MEXC NEO_USDT+0.0100%8h2.4810−0.040%$2.8M$633K50xas long as short
KuCoin NEOUSDTM+0.0100%8h2.4790−0.121%$729K$148K30xas long as short
Bitget NEOUSDT+0.0100%8h2.4780−0.161%$1.6M$281K75xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX NEO-USDT+0.0100%8h2.48200.000%$2.4Mas long as short
Variational Omni NEO+0.0100%8h2.4810−0.040%$21K$331as long as short