Settings8H · net · $10k
Funding arb · Price arb /

NEO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.112%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$980.978% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.211%+$21 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.112%, 7d avg +0.011%
Together, before fees+0.207%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 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 0.101% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid NEO2.50020.0100pay 0.0013% / 1h37m 24s$249K$149K5x
ShortBitget NEOUSDT2.50300.0100get 0.0100% / 8h1h 37m$1.6M$276K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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

Funding earned
$0
Price spread: +0.112% → +0.011%
$10.06
Slippage, 4 orders
−$76.81
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$87.75
Costs to cover
0.978%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 32 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 32 min ago1.40 bp18.3 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago8.00 bp28.0 bp −$2853.8 bp −$538doesn't fitdoesn't fit

NEO on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEOUSD−0.0894%1h2.5014+0.046%$22K$3K20xas long as short
BloFin NEO-USDT+0.0076%8h2.5030+0.112%$147K$75K75xas long as short
Hyperliquid NEOlong+0.0100%1h2.5002long leg$249K$149K5x
Binance NEOUSDT+0.0100%8h2.5010+0.032%$3.1M$4.6M75xas long as short
Bybit NEOUSDT+0.0100%8h2.5010+0.032%$1.6M$877K75xas long as short
OKX NEO-USDT-SWAP+0.0100%8h2.5000−0.008%$341K$579K20xas long as short
Gate NEO_USDT+0.0100%8h2.5050+0.192%$258K$116K50xas long as short
MEXC NEO_USDT+0.0100%8h2.5000−0.008%$2.8M$620K50xas long as short
KuCoin NEOUSDTM+0.0100%8h2.5010+0.032%$734K$147K30xas long as short
Bitget NEOUSDTshort+0.0100%8h2.5030+0.112%$1.6M$276K75x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX NEO-USDT+0.0100%8h2.5020+0.072%$2.4Mas long as short
Variational Omni NEO+0.0100%8h2.5022+0.080%$21K$331as long as short