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: Binance against KuCoin+0.040%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2172.167% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.040%, 7d avg +0.008%

Together, before fees−0.097%−$10 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: Binance is 0.032% dearer against KuCoin than usual: you sell high and buy low, +$3 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	KuCoin NEOUSDTM	2.5070	0.0100	pay 0.0100% / 8h	4h 38m	$724K	$141K	30x
Short	Binance NEOUSDT	2.5080	0.0100	get 0.0100% / 8h	4h 38m	$3.3M	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.008%: $3.17
Slippage, 4 orders: −$194.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$213.57
Costs to cover: 2.167%
Break-even: never at this rate

Slippage from KuCoin: live order book, 46 min ago; Binance: live order book, 15 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 KuCoin live order book, 46 min ago	5.93 bp	90.8 bp −$91	521.5 bp −$5,215	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.99 bp	19.4 bp −$19	54.1 bp −$541	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	−0.0599%	1h	2.5061	−0.035%	$22K	$3K	20x	as long as short
Hyperliquid NEO	+0.0100%	1h	2.5089	+0.076%	$271K	$230K	5x	as long as short
Binance NEOUSDTshort	+0.0100%	8h	2.5080	+0.040%	$3.3M	$5.2M	75x
Bybit NEOUSDT	+0.0100%	8h	2.5070	0.000%	$1.6M	$892K	75x	as long as short
OKX NEO-USDT-SWAP	+0.0100%	8h	2.5080	+0.040%	$349K	$709K	20x	as long as short
Gate NEO_USDT	+0.0100%	8h	2.5060	−0.040%	$232K	$116K	50x	as long as short
MEXC NEO_USDT	+0.0100%	8h	2.5070	0.000%	$2.8M	$773K	50x	as long as short
KuCoin NEOUSDTMlong	+0.0100%	8h	2.5070	long leg	$724K	$141K	30x
Bitget NEOUSDT	+0.0100%	8h	2.5070	0.000%	$1.6M	$280K	75x	as long as short
BingX NEO-USDC	+0.0100%	8h	2.5060	−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	2.5060	−0.038%	$21K	$11	—	as long as short
BloFin NEO-USDT	+0.0114%	8h	2.5070	0.000%	$156K	$81K	75x	as long as short