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

NEO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin+0.084%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$254as in the Funding arb table
Net, price: spread back to 7d avg − costs−$225as in the Price arb table
costs, in and out, $10k−$2362.360% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.177%−$18 on $10k
Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.084%, 7d avg −0.025%
Together, before fees−0.335%+ Points / potential airdropHyperliquid: Season 2 · farm board−$34 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 0.108% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NEOUSDTM2.51000.0100pay 0.0100% / 8h7h 40m$737K$149K30x
ShortHyperliquid NEO2.51210.0100get 0.0013% / 1h40m 28s$259K$194K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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: +0.084% → −0.025%
$10.84
Slippage, 4 orders
−$215
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$225.16
Costs to cover
2.360%
Break-even
never at this rate
Slippage from KuCoin: live order book, 13 min ago; Hyperliquid: 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 KuCoin live order book, 13 min ago5.99 bp95.1 bp −$95536.1 bp −$5,361doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago0.60 bp15.4 bp −$1516.2 bp −$162doesn'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−0.0498%1h2.5087−0.053%$22K$3K20xas long as short
Hyperliquid NEOshort+0.0100%1h2.5121+0.084%$259K$194K5x
Binance NEOUSDT+0.0100%8h2.51000.000%$3.2M$4.6M75xas long as short
Bybit NEOUSDT+0.0100%8h2.5120+0.080%$1.6M$848K75xas long as short
OKX NEO-USDT-SWAP+0.0100%8h2.5080−0.080%$342K$594K20xas long as short
Gate NEO_USDT+0.0100%8h2.5110+0.040%$260K$116K50xas long as short
MEXC NEO_USDT+0.0100%8h2.5090−0.040%$3.0M$647K50xas long as short
KuCoin NEOUSDTMlong+0.0100%8h2.5100long leg$737K$149K30x
Bitget NEOUSDT+0.0100%8h2.5110+0.040%$1.6M$277K75xas long as short
BingX NEO-USDC+0.0100%8h2.5120+0.080%$6.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NEO+0.0100%8h2.5096−0.015%$21K$82as long as short
BloFin NEO-USDT+0.0122%8h2.5110+0.040%$149K$76K75xas long as short