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

NEO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Hyperliquid+0.140%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$451as in the Funding arb table
Net, price: spread back to 7d avg − costs−$461as in the Price arb table
costs, in and out, $10k−$4734.725% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.211%+$21 on $10k
Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.140%, 7d avg +0.021%
Together, before fees+0.092%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 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: Gate is 0.119% dearer against Hyperliquid than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid NEO2.50350.0100pay 0.0013% / 1h39m 01s$249K$149K5x
ShortGate NEO_USDT2.50700.0100get 0.0100% / 8h1h 39m$261K$116K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.140% → +0.021%
$11.86
Slippage, 4 orders
−$448.5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$460.64
Costs to cover
4.725%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 30 min ago; Gate: live order book, 38 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, 30 min ago1.40 bp18.3 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 38 min ago8.01 bp164.5 bp −$165doesn'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−0.0893%1h2.5043+0.033%$22K$3K20xas long as short
BloFin NEO-USDT+0.0076%8h2.5030−0.020%$147K$75K75xas long as short
Hyperliquid NEOlong+0.0100%1h2.5035long leg$249K$149K5x
Binance NEOUSDT+0.0100%8h2.5020−0.060%$3.1M$4.6M75xas long as short
Bybit NEOUSDT+0.0100%8h2.5020−0.060%$1.6M$876K75xas long as short
OKX NEO-USDT-SWAP+0.0100%8h2.5010−0.100%$341K$580K20xas long as short
Gate NEO_USDTshort+0.0100%8h2.5070+0.140%$261K$116K50x
MEXC NEO_USDT+0.0100%8h2.5030−0.020%$2.8M$620K50xas long as short
KuCoin NEOUSDTM+0.0100%8h2.5020−0.060%$735K$147K30xas long as short
Bitget NEOUSDT+0.0100%8h2.5060+0.100%$1.6M$276K75xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX NEO-USDT+0.0100%8h2.5060+0.100%$2.4Mas long as short
Variational Omni NEO+0.0100%8h2.5022−0.051%$21K$331as long as short