Funding arb · Price arb /

NEO

all NEO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0998%/8h= −109.2% APRpaid last 24h −0.249%

Price spread now: Kraken Futures against Variational Omni+0.077%7-day average — · you sell dearer than you buy

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 3 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

The price spread pays, funding is against you. Kraken Futures is 0.077% dearer against Variational Omni than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEO	2.4903	0.0100	pay 0.0100% / 8h	1h 46m	$21K	$331	—
Short	Kraken Futures PF_NEOUSD	2.4922	−0.0898	pay 0.0112% / 1h	46m 29s	$22K	$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 +0.077%Rate

Funding earned: −$209.5
Price spread: +0.077% → 0.000%: $7.67
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: −$211.83
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	−0.0898%	1h	2.4922	+0.077%	$22K	$3K	20x
Hyperliquid NEO	+0.0100%	1h	2.4915	+0.049%	$248K	$150K	5x	as long as short
Binance NEOUSDT	+0.0100%	8h	2.4912	+0.038%	$3.1M	$4.6M	75x	as long as short
Bybit NEOUSDT	+0.0100%	8h	2.4920	+0.069%	$1.6M	$869K	75x	as long as short
OKX NEO-USDT-SWAP	+0.0100%	8h	2.4900	−0.012%	$341K	$572K	20x	as long as short
Gate NEO_USDT	+0.0100%	8h	2.4910	+0.029%	$260K	$116K	50x	as long as short
MEXC NEO_USDT	+0.0100%	8h	2.4920	+0.069%	$2.8M	$619K	50x	as long as short
KuCoin NEOUSDTM	+0.0100%	8h	2.4890	−0.052%	$732K	$147K	30x	as long as short
Bitget NEOUSDT	+0.0100%	8h	2.4920	+0.069%	$1.6M	$275K	75x	as long as short
BingX NEO-USDC	+0.0100%	8h	2.4900	−0.012%	—	$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	2.4903	long leg	$21K	$331	—
BloFin NEO-USDT	+0.0116%	8h	2.4910	+0.029%	$147K	$75K	75x	as long as short