Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against Gate−0.280%93s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$563as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$5595.588% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 3 days (all we have)+0.487%+$49 · spread now −0.280%, 7d avg +0.010%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.289% cheaper against Gate than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 93 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 | Gate NEO_USDT | 2.5030 | 0.0100 | pay 0.0100% / 8h | 5m 31s | $259K | $117K | 50x |
| Short | BloFin NEO-USDT | 2.4960 | 0.0089 | get 0.0089% / 8h | 5m 31s | $147K | $76K | 75x |
Gate NEO_USDT
BloFin NEO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.41
- Price spread: −0.280% → +0.010%
- −$28.95
- Slippage, 4 orders
- −$531.76
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$590.11
- Costs to cover
- 5.588%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 56 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 Gate live order book, 1 min ago | 4.00 bp | 368.8 bp −$369 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 56 min ago | 2.00 bp | 15.9 bp −$16 | 35.9 bp −$359 | 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 | −0.0745% | 1h | 2.5002 | −0.113% | $22K | $3K | 20x | as long as short |
| BloFin NEO-USDTshort | +0.0089% | 8h | 2.4960 | −0.280% | $147K | $76K | 75x | |
| Hyperliquid NEO | +0.0100% | 1h | 2.5062 | +0.128% | $263K | $168K | 5x | as long as short |
| Binance NEOUSDT | +0.0100% | 8h | 2.5040 | +0.040% | $3.1M | $4.6M | 75x | as long as short |
| Bybit NEOUSDT | +0.0100% | 8h | 2.5040 | +0.040% | $1.6M | $846K | 75x | as long as short |
| OKX NEO-USDT-SWAP | +0.0100% | 8h | 2.5020 | −0.040% | $340K | $594K | 20x | as long as short |
| Gate NEO_USDTlong | +0.0100% | 8h | 2.5030 | long leg | $259K | $117K | 50x | |
| MEXC NEO_USDT | +0.0100% | 8h | 2.5050 | +0.080% | $3.0M | $638K | 50x | as long as short |
| KuCoin NEOUSDTM | +0.0100% | 8h | 2.5010 | −0.080% | $735K | $148K | 30x | as long as short |
| Bitget NEOUSDT | +0.0100% | 8h | 2.5040 | +0.040% | $1.6M | $277K | 75x | as long as short |
Kraken Futures PF_NEOUSD
Hyperliquid NEO
Binance NEOUSDT
Bybit NEOUSDT
OKX NEO-USDT-SWAP
MEXC NEO_USDT
KuCoin NEOUSDTM
Bitget NEOUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX NEO-USDT | +0.0100% | 8h | 2.5040 | +0.040% | — | $2.4M | — | as long as short |
| Variational Omni NEO | +0.0100% | 8h | 2.4972 | −0.233% | $21K | $82 | — | as long as short |
BingX NEO-USDT
Variational Omni NEO