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: MEXC against Gate−0.040%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$357as in the Funding arb table

Net, price: spread back to 7d avg − costs−$358as in the Price arb table

costs, in and out, $10k−$3543.535% of the position

Long on Gate 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 4 days (all we have)+0.032%+$3 · spread now −0.040%, 7d avg +0.005%

Together, before fees−0.003%$0 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 0.045% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEO_USDT	2.5120	0.0100	pay 0.0100% / 8h	6h 40m	$261K	$118K	50x
Short	MEXC NEO_USDT	2.5110	0.0100	get 0.0100% / 8h	6h 40m	$2.8M	$711K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.005%: −$4.51
Slippage, 4 orders: −$334.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$358.06
Costs to cover: 3.535%
Break-even: never at this rate

Slippage from Gate: live order book, 21 min ago; MEXC: live order book, 1 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, 21 min ago	11.85 bp	127.0 bp −$127	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.99 bp	4.0 bp −$4	15.6 bp −$156	89.9 bp −$8,995	175.5 bp −$87.8K

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	−0.0771%	1h	2.5114	−0.022%	$22K	$3K	20x	as long as short
Hyperliquid NEO	+0.0100%	1h	2.5127	+0.028%	$262K	$213K	5x	as long as short
Binance NEOUSDT	+0.0100%	8h	2.5120	0.000%	$3.4M	$5.2M	75x	as long as short
Bybit NEOUSDT	+0.0100%	8h	2.5120	0.000%	$1.6M	$894K	75x	as long as short
OKX NEO-USDT-SWAP	+0.0100%	8h	2.5090	−0.119%	$347K	$669K	20x	as long as short
Gate NEO_USDTlong	+0.0100%	8h	2.5120	long leg	$261K	$118K	50x
MEXC NEO_USDTshort	+0.0100%	8h	2.5110	−0.040%	$2.8M	$711K	50x
KuCoin NEOUSDTM	+0.0100%	8h	2.5100	−0.080%	$731K	$151K	30x	as long as short
Bitget NEOUSDT	+0.0100%	8h	2.5100	−0.080%	$1.6M	$286K	75x	as long as short
BingX NEO-USDC	+0.0100%	8h	2.5110	−0.040%	—	$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	2.5126	+0.024%	$21K	$82	—	as long as short
BloFin NEO-USDT	+0.0124%	8h	2.5180	+0.239%	$159K	$77K	75x	as long as short