Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against BloFin−0.276%62s7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as 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−$860.856% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.276%, 7d avg +0.018%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.294% cheaper against BloFin than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.018%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin NEO-USDT | 2.5360 | 0.0110 | pay 0.0110% / 8h | 4h 18m | $158K | $82K | 75x |
| Short | Bybit NEOUSDT | 2.5290 | 0.0100 | get 0.0100% / 8h | 4h 18m | $1.6M | $887K | 75x |
BloFin NEO-USDT
Bybit NEOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.13
- Price spread: −0.276% → +0.018%
- −$29.39
- Slippage, 4 orders
- −$62.58
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$117.1
- Costs to cover
- 0.856%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Bybit: live order book, 3 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 BloFin live order book, 3 min ago | 3.95 bp | 17.5 bp −$17 | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.96 bp | 25.8 bp −$26 | 95.5 bp −$955 | doesn't fit | doesn't fit |
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 | −0.0594% | 1h | 2.5266 | −0.371% | $23K | $3K | 20x | as long as short |
| Hyperliquid NEO | +0.0100% | 1h | 2.5304 | −0.221% | $290K | $242K | 5x | as long as short |
| Binance NEOUSDT | +0.0100% | 8h | 2.5300 | −0.237% | $3.3M | $5.2M | 75x | as long as short |
| Bybit NEOUSDTshort | +0.0100% | 8h | 2.5290 | −0.276% | $1.6M | $887K | 75x | |
| OKX NEO-USDT-SWAP | +0.0100% | 8h | 2.5290 | −0.276% | $352K | $714K | 20x | as long as short |
| Gate NEO_USDT | +0.0100% | 8h | 2.5300 | −0.237% | $234K | $117K | 50x | as long as short |
| MEXC NEO_USDT | +0.0100% | 8h | 2.5290 | −0.276% | $2.8M | $775K | 50x | as long as short |
| KuCoin NEOUSDTM | +0.0100% | 8h | 2.5300 | −0.237% | $726K | $142K | 30x | as long as short |
| Bitget NEOUSDT | +0.0100% | 8h | 2.5300 | −0.237% | $1.7M | $279K | 75x | as long as short |
| BingX NEO-USDC | +0.0100% | 8h | 2.5310 | −0.197% | — | $6.5M | — | as long as short |
Kraken Futures PF_NEOUSD
Hyperliquid NEO
Binance NEOUSDT
OKX NEO-USDT-SWAP
Gate NEO_USDT
MEXC NEO_USDT
KuCoin NEOUSDTM
Bitget NEOUSDT
BingX NEO-USDCShow 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 | −0.334% | $21K | $11 | — | as long as short |
| BloFin NEO-USDTlong | +0.0110% | 8h | 2.5360 | long leg | $158K | $82K | 75x |
Variational Omni NEO