NEO Funding Rate — live across 9 venues

Compared across 9 supported venues · net of estimated fees · updated every few minutes

Live annualized NEO perpetual funding across all 9 venues Perpia tracks. Right now NEO funding is positive on 7 and negative on 2, ranging from +10.9% on BingX to -33.2% on Bybit — a spread of 44.2%. The widest delta-neutral trade is long Bybit / short BingX at 40.7% net APR.

venues

paying positive

44.2%

funding spread

Best NEO spread now

40.7%

net APR after fees

Long Bybit→Short BingX

size depends on live venue depth — see the real cap in the scanner

NEO funding trend & liquidity

168h of history

44.2%

current gross APR

18.2%

24h average

7.6%

7-day average

$1.3M

pair OI · lower leg

$333K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

NEO funding rate history

30d · 6h buckets · 9 venues

16.9%0-69.1%

4 Aug3 Sep

NEO — average across 9 venuesHyperliquidBinanceBitgetKuCoin

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +5.0%. A break in a line means no data was recorded for that stretch, not a zero rate.

NEO funding rate by venue

25 pairs scanned

Venue	Funding APR	Interval
BingX ↗	+10.9%	8h
Gate.io ↗	+10.9%	8h
Bitget ↗	+10.9%	8h
KuCoin ↗	+10.9%	8h
Hyperliquid ↗	+10.9%	1h
Binance ↗	+1.3%	8h
MEXC ↗	+1.1%	8h
OKX ↗	-13.8%	8h
Bybit ↗	-33.2%	8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bybit vs BingX page.

NEO arbitrage — 30-day backtest

long Bybit · short BingX

13.2%

backtested APR

+$108

historical net P&L on $10,000

0.00%

max drawdown

$10,000$10,108

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bybit / short BingX would have produced 13.2% APR — versus the 40.7% the live spread implies right now (equity $10,000 → $10,108). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading NEO backtest…

NEO funding — FAQ

Is NEO funding positive right now?

NEO perpetual funding is positive on 7 of 9 venues Perpia tracks and negative on 2. The highest is +10.9% on BingX; the lowest is -33.2% on Bybit.

What is the best NEO funding arbitrage right now?

Go long Bybit and short BingX for about 40.7% net APR after fees — the widest delta-neutral NEO spread Perpia currently sees.

Which exchange has the highest NEO funding rate?

BingX, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How NEO funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to NEO

Markets also quoted on both BingX and Bybit — the same two exchanges you would already have funded for the NEO trade.

See every spread between them on the BingX vs Bybit page.

Open the live scanner →All funding rates Funding by exchange How we calculate this