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

NEO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.079%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$850.846% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.170%−$17 on $10k
Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.079%, 7d avg −0.029%
Together, before fees−0.292%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 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 Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NEOUSDT2.53600.0100pay 0.0100% / 8h5h 31m$3.4M$5.1M75x
ShortHyperliquid NEO2.53800.0100get 0.0013% / 1h31m 41s$270K$225K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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: +0.079% → −0.029%
$10.77
Slippage, 4 orders
−$65.57
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$73.8
Costs to cover
0.846%
Break-even
never at this rate
Slippage from Binance: live order book, 6 min ago; Hyperliquid: live order book, 68 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 Binance live order book, 6 min ago1.99 bp16.7 bp −$1753.8 bp −$538doesn't fitdoesn't fit
Sell Hyperliquid live order book, 68 min ago2.58 bp22.3 bp −$2236.0 bp −$360doesn'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−0.0342%1h2.5262−0.386%$23K$3K20xas long as short
Hyperliquid NEOshort+0.0100%1h2.5380+0.079%$270K$225K5x
Binance NEOUSDTlong+0.0100%8h2.5360long leg$3.4M$5.1M75x
Bybit NEOUSDT+0.0100%8h2.53600.000%$1.6M$886K75xas long as short
OKX NEO-USDT-SWAP+0.0100%8h2.5330−0.118%$354K$710K20xas long as short
Gate NEO_USDT+0.0100%8h2.5340−0.079%$234K$113K50xas long as short
MEXC NEO_USDT+0.0100%8h2.53600.000%$2.9M$766K50xas long as short
KuCoin NEOUSDTM+0.0100%8h2.5290−0.276%$731K$151K30xas long as short
Bitget NEOUSDT+0.0100%8h2.5350−0.039%$1.7M$277K75xas long as short
BingX NEO-USDC+0.0100%8h2.53600.000%$6.5Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NEO+0.0100%8h2.5225−0.532%$21K$11as long as short
BloFin NEO-USDT+0.0118%8h2.5300−0.237%$159K$80K75xas long as short