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

NEO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX+0.139%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$760.757% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.156%−$16 on $10k
Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.139%, 7d avg +0.012%
Together, before fees−0.248%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 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: Hyperliquid is 0.127% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NEO-USDT-SWAP2.51200.0100pay 0.0100% / 8h2h 12m$354K$668K20x
ShortHyperliquid NEO2.51550.0100get 0.0013% / 1h12m 52s$414K$296K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.139% → +0.012%
$12.72
Slippage, 4 orders
−$56.68
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$62.97
Costs to cover
0.757%
Break-even
never at this rate
Slippage from OKX: live order book, 33 min ago; Hyperliquid: live order book, 57 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 OKX live order book, 33 min ago3.98 bp27.4 bp −$273038.7 bp −$30.4Kdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 57 min ago1.00 bp8.8 bp −$9doesn't fitdoesn'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−0.0497%1h2.5101−0.074%$22K$65820xas long as short
Hyperliquid NEOshort+0.0100%1h2.5155+0.139%$414K$296K5x
Binance NEOUSDT+0.0100%8h2.5130+0.040%$3.4M$4.8M75xas long as short
Bybit NEOUSDT+0.0100%8h2.5140+0.080%$1.6M$754K75xas long as short
OKX NEO-USDT-SWAPlong+0.0100%8h2.5120long leg$354K$668K20x
Gate NEO_USDT+0.0100%8h2.5090−0.119%$232K$112K50xas long as short
MEXC NEO_USDT+0.0100%8h2.51200.000%$2.8M$787K50xas long as short
KuCoin NEOUSDTM+0.0100%8h2.51200.000%$715K$139K30xas long as short
Bitget NEOUSDT+0.0100%8h2.5100−0.080%$1.6M$218K75xas long as short
BingX NEO-USDT+0.0100%8h2.51200.000%$2.4Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NEO+0.0100%8h2.5051−0.275%$21K$11as long as short
BloFin NEO-USDT+0.0113%8h2.5140+0.080%$116K$81K75xas long as short