NEIRO arbitrage explained
Right now Neiro (NEIRO) trades on 5 venues we scan: 4 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.00008631 and the highest bid on Binance spot at $0.00008648.
The widest NEIRO perpetual spread is between OKX and Binance: long NEIRO on OKX at $0.00008631 and short on Binance at $0.00008634 for +0.03% gross, or -0.13% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.034% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best NEIRO route is to buy spot on OKX and short the perpetual on Binance: -0.12% gross, -0.32% net, with +0.020% a day of funding on the short leg.
Spot–spot NEIRO arbitrage (buy on OKX, withdraw, deposit and sell on Binance) shows +0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small NEIRO gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: NEIRO funding rates · NEIRO spread charts · Neiro price · arbitrage scanner for all coins.