Funding arb · Price arb /

NEO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Gate−0.120%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$375as in the Funding arb table

Net, price: spread back to 7d avg − costs−$386as in the Price arb table

costs, in and out, $10k−$3753.750% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.120%, 7d avg −0.008%

Together, before fees+0.229%+$23 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: Bitget is 0.112% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEO_USDT	2.4940	0.0100	pay 0.0100% / 8h	2h 24m	$260K	$116K	50x
Short	Bitget NEOUSDT	2.4910	0.0100	get 0.0100% / 8h	2h 24m	$1.6M	$280K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → −0.008%: −$11.23
Slippage, 4 orders: −$347.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$386.19
Costs to cover: 3.750%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; Bitget: 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 Gate live order book, 59 min ago	8.01 bp	161.3 bp −$161	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	12.04 bp	18.8 bp −$19	44.3 bp −$443	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	−0.1082%	1h	2.4962	+0.089%	$22K	$3K	20x	as long as short
Hyperliquid NEO	+0.0100%	1h	2.4951	+0.044%	$242K	$139K	5x	as long as short
Binance NEOUSDT	+0.0100%	8h	2.4950	+0.040%	$3.1M	$4.5M	75x	as long as short
Bybit NEOUSDT	+0.0100%	8h	2.4950	+0.040%	$1.6M	$866K	75x	as long as short
OKX NEO-USDT-SWAP	+0.0100%	8h	2.4950	+0.040%	$342K	$574K	20x	as long as short
Gate NEO_USDTlong	+0.0100%	8h	2.4940	long leg	$260K	$116K	50x
MEXC NEO_USDT	+0.0100%	8h	2.4940	0.000%	$2.8M	$634K	50x	as long as short
KuCoin NEOUSDTM	+0.0100%	8h	2.4890	−0.200%	$732K	$147K	30x	as long as short
Bitget NEOUSDTshort	+0.0100%	8h	2.4910	−0.120%	$1.6M	$280K	75x
BingX NEO-USDT	+0.0100%	8h	2.4940	0.000%	—	$2.4M	—	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	2.4934	−0.024%	$21K	$331	—	as long as short
BloFin NEO-USDT	+0.0100%	8h	2.4950	+0.040%	$147K	$75K	75x	as long as short