Funding arb · Price arb /

NEO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0606%/8h= −66.3% APRpaid last 24h −0.273%

Price spread now: Kraken Futures against Variational Omni−0.040%58s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Kraken Futures is 0.040% cheaper against Variational Omni than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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	Variational Omni NEO	2.5276	0.0100	pay 0.0100% / 8h	3h 55m	$21K	$11	—
Short	Kraken Futures PF_NEOUSD	2.5265	−0.0506	pay 0.0063% / 1h	55m 25s	$23K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$127.21
Price spread: −0.040% → 0.000%: −$4.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$141.25
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Variational Omni and 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	−0.0506%	1h	2.5265	−0.040%	$23K	$3K	20x
Hyperliquid NEO	+0.0100%	1h	2.5327	+0.203%	$290K	$243K	5x	as long as short
Binance NEOUSDT	+0.0100%	8h	2.5289	+0.052%	$3.3M	$5.1M	75x	as long as short
Bybit NEOUSDT	+0.0100%	8h	2.5280	+0.018%	$1.6M	$882K	75x	as long as short
OKX NEO-USDT-SWAP	+0.0100%	8h	2.5250	−0.101%	$351K	$703K	20x	as long as short
Gate NEO_USDT	+0.0100%	8h	2.5280	+0.018%	$234K	$112K	50x	as long as short
MEXC NEO_USDT	+0.0100%	8h	2.5280	+0.018%	$2.8M	$776K	50x	as long as short
KuCoin NEOUSDTM	+0.0100%	8h	2.5260	−0.062%	$725K	$142K	30x	as long as short
Bitget NEOUSDT	+0.0100%	8h	2.5280	+0.018%	$1.7M	$279K	75x	as long as short
BingX NEO-USDC	+0.0100%	8h	2.5280	+0.018%	—	$6.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NEOlong	+0.0100%	8h	2.5276	long leg	$21K	$11	—
BloFin NEO-USDT	+0.0101%	8h	2.5260	−0.062%	$157K	$82K	75x	as long as short