Funding arb · Price arb /

NEO

all NEO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX−0.119%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$930.930% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.223%+$22 · spread now −0.119%, 7d avg +0.038%

Together, before fees+0.267%+$27 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: BingX is 0.157% cheaper against OKX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEO-USDT-SWAP	2.5220	0.0100	pay 0.0100% / 8h	1h 28m	$363K	$673K	20x
Short	BingX NEO-USDT	2.5190	0.0100	get 0.0100% / 8h	1h 28m	—	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → +0.038%: −$15.7
Slippage, 4 orders: −$73
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$108.7
Costs to cover: 0.930%
Break-even: never at this rate

Slippage from OKX: live order book, 13 min ago; BingX: live order book, 11 min ago.

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 OKX live order book, 13 min ago	3.97 bp	29.8 bp −$30	3317.8 bp −$33.2K	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	5.96 bp	22.7 bp −$23	50.3 bp −$503	367.2 bp −$36.7K	502.2 bp −$251.1K

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_NEOUSD	−0.0553%	1h	2.5188	−0.127%	$23K	$658	20x	as long as short
Hyperliquid NEO	+0.0100%	1h	2.5234	+0.056%	$416K	$296K	5x	as long as short
Binance NEOUSDT	+0.0100%	8h	2.5210	−0.040%	$3.4M	$4.8M	75x	as long as short
Bybit NEOUSDT	+0.0100%	8h	2.5200	−0.079%	$1.6M	$744K	75x	as long as short
OKX NEO-USDT-SWAPlong	+0.0100%	8h	2.5220	long leg	$363K	$673K	20x
Gate NEO_USDT	+0.0100%	8h	2.5190	−0.119%	$233K	$109K	50x	as long as short
MEXC NEO_USDT	+0.0100%	8h	2.5200	−0.079%	$2.8M	$771K	50x	as long as short
KuCoin NEOUSDTM	+0.0100%	8h	2.5190	−0.119%	$717K	$136K	30x	as long as short
Bitget NEOUSDT	+0.0100%	8h	2.5200	−0.079%	$1.6M	$223K	75x	as long as short
BingX NEO-USDTshort	+0.0100%	8h	2.5190	−0.119%	—	$2.4M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni NEO	+0.0100%	8h	2.5191	−0.117%	$21K	$11	—	as long as short
BloFin NEO-USDT	+0.0100%	8h	2.5200	−0.079%	$157K	$82K	75x	as long as short