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 Gate+0.064%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$416as in the Funding arb table
Net, price: spread back to 7d avg − costs−$387as in the Price arb table
costs, in and out, $10k−$3963.956% 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 4 days (all we have)−0.061%−$6 · spread now +0.064%, 7d avg −0.019%
Together, before fees−0.267%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 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 0.082% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NEO_USDT2.51900.0100pay 0.0100% / 8h6h 11m$262K$118K50x
ShortHyperliquid NEO2.52060.0100get 0.0013% / 1h11m 31s$269K$226K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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: +0.064% → −0.019%
$8.24
Slippage, 4 orders
−$371.62
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$387.38
Costs to cover
3.956%
Break-even
never at this rate
Slippage from Gate: live order book, 50 min ago; Hyperliquid: live order book, 28 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 Gate live order book, 50 min ago11.85 bp127.0 bp −$127doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 28 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%1h2.5169−0.085%$22K$3K20xas long as short
Hyperliquid NEOshort+0.0100%1h2.5206+0.064%$269K$226K5x
Binance NEOUSDT+0.0100%8h2.5184−0.024%$3.4M$5.2M75xas long as short
Bybit NEOUSDT+0.0100%8h2.51900.000%$1.6M$884K75xas long as short
OKX NEO-USDT-SWAP+0.0100%8h2.5170−0.079%$351K$702K20xas long as short
Gate NEO_USDTlong+0.0100%8h2.5190long leg$262K$118K50x
MEXC NEO_USDT+0.0100%8h2.5180−0.040%$2.9M$745K50xas long as short
KuCoin NEOUSDTM+0.0100%8h2.5170−0.079%$732K$150K30xas long as short
Bitget NEOUSDT+0.0100%8h2.5200+0.040%$1.6M$279K75xas long as short
BingX NEO-USDC+0.0100%8h2.51900.000%$6.5Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NEO+0.0100%8h2.5210+0.081%$21K$82as long as short