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Funding arb · Price arb /

NEO

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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0002%/8h= +0.3% APRpaid last 24h −0.005%
Price spread now: BloFin against Hyperliquid+0.282%47s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$720.724% of the position
Long on HyperliquidShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.169%+$17 on $10k
Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.282%, 7d avg +0.035%
Together, before fees+0.199%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 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: BloFin is 0.247% dearer against Hyperliquid than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.035%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid NEO2.48400.0100pay 0.0013% / 1h6m 21s$248K$150K5x
ShortBloFin NEO-USDT2.49100.0102get 0.0102% / 8h2h 06m$148K$75K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$0.52
Price spread: +0.282% → +0.035%
$24.7
Slippage, 4 orders
−$51.38
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$47.16
Costs to cover
0.724%
Break-even
647.1 days
Slippage from Hyperliquid: live order book, 3 min ago; BloFin: live order book, 7 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, 3 min ago1.40 bp18.3 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 7 min ago2.01 bp11.6 bp −$1227.6 bp −$276doesn'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−0.1084%1h2.4908+0.274%$22K$3K20xas long as short
Hyperliquid NEOlong+0.0100%1h2.4840long leg$248K$150K5x
Binance NEOUSDT+0.0100%8h2.4834−0.026%$3.1M$4.6M75xas long as short
Bybit NEOUSDT+0.0100%8h2.4880+0.161%$1.6M$866K75xas long as short
OKX NEO-USDT-SWAP+0.0100%8h2.4860+0.081%$340K$573K20xas long as short
Gate NEO_USDT+0.0100%8h2.4910+0.282%$260K$116K50xas long as short
MEXC NEO_USDT+0.0100%8h2.48400.000%$2.8M$635K50xas long as short
KuCoin NEOUSDTM+0.0100%8h2.4830−0.040%$730K$147K30xas long as short
Bitget NEOUSDT+0.0100%8h2.4890+0.201%$1.6M$280K75xas long as short
BingX NEO-USDC+0.0100%8h2.4850+0.040%—$6.5M—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NEO+0.0100%8h2.4869+0.118%$21K$331—as long as short
BloFin NEO-USDTshort+0.0102%8h2.4910+0.282%$148K$75K75x