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: Bitget against OKX+0.199%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$870.874% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.199%, 7d avg +0.009%

Together, before fees−0.025%−$2 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 0.190% dearer against OKX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEO-USDT-SWAP	2.5130	0.0100	pay 0.0100% / 8h	1h 55m	$361K	$672K	20x
Short	Bitget NEOUSDT	2.5180	0.0100	get 0.0100% / 8h	1h 55m	$1.6M	$222K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.199%Rate

Funding earned: $0
Price spread: +0.199% → +0.009%: $18.97
Slippage, 4 orders: −$65.35
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$68.38
Costs to cover: 0.874%
Break-even: never at this rate

Slippage from OKX: live order book, 50 min ago; Bitget: 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 OKX live order book, 50 min ago	3.98 bp	27.4 bp −$27	3038.7 bp −$30.4K	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.97 bp	13.1 bp −$13	48.6 bp −$486	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	−0.0554%	1h	2.5132	+0.008%	$22K	$658	20x	as long as short
Hyperliquid NEO	+0.0100%	1h	2.5192	+0.247%	$414K	$296K	5x	as long as short
Binance NEOUSDT	+0.0100%	8h	2.5160	+0.119%	$3.4M	$4.8M	75x	as long as short
Bybit NEOUSDT	+0.0100%	8h	2.5160	+0.119%	$1.6M	$752K	75x	as long as short
OKX NEO-USDT-SWAPlong	+0.0100%	8h	2.5130	long leg	$361K	$672K	20x
Gate NEO_USDT	+0.0100%	8h	2.5180	+0.199%	$233K	$109K	50x	as long as short
MEXC NEO_USDT	+0.0100%	8h	2.5160	+0.119%	$2.8M	$768K	50x	as long as short
KuCoin NEOUSDTM	+0.0100%	8h	2.5160	+0.119%	$716K	$140K	30x	as long as short
Bitget NEOUSDTshort	+0.0100%	8h	2.5180	+0.199%	$1.6M	$222K	75x
BingX NEO-USDT	+0.0100%	8h	2.5180	+0.199%	—	$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	2.5161	+0.122%	$21K	$11	—	as long as short
BloFin NEO-USDT	+0.0114%	8h	2.5170	+0.159%	$155K	$82K	75x	as long as short