Funding arb · Price arb /

NEO

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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: MEXC against Bitget+0.079%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days+0.143%+$14 · spread now +0.079%, 7d avg +0.054%

Together, before fees+0.107%+$11 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: MEXC is 0.025% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEOUSDT	2.5320	0.0100	pay 0.0100% / 8h	4h 19m	$1.7M	$279K	75x
Short	MEXC NEO_USDT	2.5340	0.0100	get 0.0100% / 8h	4h 19m	$2.8M	$775K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.054%: $2.49
Slippage, 4 orders: −$45.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$58.68
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; MEXC: live order book, 2 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 Bitget live order book, 2 min ago	5.93 bp	29.8 bp −$30	70.3 bp −$703	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.98 bp	4.0 bp −$4	19.9 bp −$199	92.6 bp −$9,256	172.9 bp −$86.4K

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	−0.0593%	1h	2.5311	−0.036%	$23K	$3K	20x	as long as short
Hyperliquid NEO	+0.0100%	1h	2.5375	+0.217%	$291K	$242K	5x	as long as short
Binance NEOUSDT	+0.0100%	8h	2.5351	+0.122%	$3.4M	$5.2M	75x	as long as short
Bybit NEOUSDT	+0.0100%	8h	2.5340	+0.079%	$1.6M	$887K	75x	as long as short
OKX NEO-USDT-SWAP	+0.0100%	8h	2.5340	+0.079%	$352K	$715K	20x	as long as short
Gate NEO_USDT	+0.0100%	8h	2.5310	−0.039%	$234K	$117K	50x	as long as short
MEXC NEO_USDTshort	+0.0100%	8h	2.5340	+0.079%	$2.8M	$775K	50x
KuCoin NEOUSDTM	+0.0100%	8h	2.5310	−0.039%	$727K	$142K	30x	as long as short
Bitget NEOUSDTlong	+0.0100%	8h	2.5320	long leg	$1.7M	$279K	75x
BingX NEO-USDC	+0.0100%	8h	2.5330	+0.039%	—	$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 NEO	+0.0100%	8h	2.5275	−0.176%	$21K	$11	—	as long as short
BloFin NEO-USDT	+0.0116%	8h	2.5310	−0.039%	$156K	$82K	75x	as long as short