Funding you earn now, next payment 00:00 UTC−0.0844%/8h= −92.4% APRnext payment −$1.05 per $10,000 · paid last 24h −0.249%
Price spread now: Kraken Futures against Hyperliquid−0.086%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Kraken Futures is 0.086% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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 | Hyperliquid NEO | 2.5055 | 0.0100 | pay 0.0013% / 1h | 56m 26s | $249K | $149K | 5x |
| Short | Kraken Futures PF_NEOUSD | 2.5034 | −0.0744 | pay 0.0093% / 1h | 56m 26s | $22K | $3K | 20x |
Hyperliquid NEO
Kraken Futures PF_NEOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Hyperliquid. 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
- −$177.23
- Price spread: −0.086% → 0.000%
- −$8.55
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$204.78
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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 Hyperliquid live order book, 3 min ago | 1.80 bp | 26.3 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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_NEOUSDshort | −0.0744% | 1h | 2.5034 | −0.086% | $22K | $3K | 20x | |
| BloFin NEO-USDT | +0.0089% | 8h | 2.5050 | −0.020% | $148K | $75K | 75x | as long as short |
| Hyperliquid NEOlong | +0.0100% | 1h | 2.5055 | long leg | $249K | $149K | 5x | |
| Binance NEOUSDT | +0.0100% | 8h | 2.5054 | −0.005% | $3.1M | $4.6M | 75x | as long as short |
| Bybit NEOUSDT | +0.0100% | 8h | 2.5050 | −0.020% | $1.6M | $865K | 75x | as long as short |
| OKX NEO-USDT-SWAP | +0.0100% | 8h | 2.5030 | −0.100% | $344K | $591K | 20x | as long as short |
| Gate NEO_USDT | +0.0100% | 8h | 2.5030 | −0.100% | $259K | $116K | 50x | as long as short |
| MEXC NEO_USDT | +0.0100% | 8h | 2.5050 | −0.020% | $2.8M | $619K | 50x | as long as short |
| KuCoin NEOUSDTM | +0.0100% | 8h | 2.5010 | −0.180% | $735K | $148K | 30x | as long as short |
| Bitget NEOUSDT | +0.0100% | 8h | 2.5030 | −0.100% | $1.6M | $276K | 75x | as long as short |
BloFin NEO-USDT
Binance NEOUSDT
Bybit NEOUSDT
OKX NEO-USDT-SWAP
Gate NEO_USDT
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-USDC | +0.0100% | 8h | 2.5050 | −0.020% | — | $6.5M | — | as long as short |
| Variational Omni NEO | +0.0100% | 8h | 2.4947 | −0.433% | $21K | $331 | — | as long as short |
BingX NEO-USDC
Variational Omni NEO