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

NEO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid+0.020%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1131.127% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.207%+$21 on $10k
Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.020%, 7d avg +0.041%
Together, before fees+0.252%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 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: BingX is 0.021% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid NEO2.49050.0100pay 0.0013% / 1h11m 18s$247K$148K5x
ShortBingX NEO-USDC2.49100.0100get 0.0100% / 8h11m 18s$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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: +0.020% → +0.041%
−$2.12
Slippage, 4 orders
−$93.68
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$114.8
Costs to cover
1.127%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 48 min ago; BingX: live order book, 9 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 Hyperliquid live order book, 48 min ago1.80 bp26.3 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago6.02 bp29.6 bp −$30109.5 bp −$1,095552.5 bp −$55.3K757.0 bp −$378.5K

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−0.0748%1h2.4915+0.041%$22K$3K20xas long as short
Hyperliquid NEOlong+0.0100%1h2.4905long leg$247K$148K5x
Binance NEOUSDT+0.0100%8h2.49050.000%$3.1M$4.6M75xas long as short
Bybit NEOUSDT+0.0100%8h2.4910+0.020%$1.6M$845K75xas long as short
OKX NEO-USDT-SWAP+0.0100%8h2.4910+0.020%$339K$589K20xas long as short
Gate NEO_USDT+0.0100%8h2.4920+0.060%$258K$117K50xas long as short
MEXC NEO_USDT+0.0100%8h2.4910+0.020%$3.0M$638K50xas long as short
KuCoin NEOUSDTM+0.0100%8h2.4910+0.020%$733K$148K30xas long as short
Bitget NEOUSDT+0.0100%8h2.4900−0.020%$1.6M$272K75xas long as short
BingX NEO-USDCshort+0.0100%8h2.4910+0.020%$6.5M
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NEO+0.0100%8h2.4896−0.035%$21K$82as long as short
BloFin NEO-USDT+0.0125%8h2.4910+0.020%$148K$75K75xas long as short