Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.2% APRpaid last 24h +0.031%

Price spread now: Variational Omni against Aevo−0.037%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.037% cheaper against Aevo than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NFLX-PERP	74.080	0.0104	pay 0.0013% / 1h	50m 19s	$227	—	10x
Short	Variational Omni NFLX	74.053	0.0134	get 0.0134% / 8h	7h 50m	$83K	$119K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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 AevobpFee Variational OmnibpOrdersPrice spread, now −0.037%Rate

Funding earned: $6.23
Price spread: −0.037% → 0.000%: −$3.66
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.43
Costs to cover: 0.160%
Break-even: 22.1 days

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 49 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 49 min ago	2.88 bp	doesn't fit	41.9 bp −$419	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NFLX on 21 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
Aster NFLXUSDT	0.0000%	8h	74.003	−0.104%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	74.110	+0.041%	$890K	$832K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.990	−0.121%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	74.130	+0.068%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.060	−0.027%	$4.3M	$594K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.058	−0.030%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.985	−0.128%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.040	−0.054%	$1.4M	$351K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	74.030	−0.067%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.987	−0.125%	$12K	$19K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	74.057	−0.031%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	74.010	−0.094%	$64K	$144K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	74.030	−0.067%	$152K	$60K	20x	as long as short
Aevo NFLX-PERPlong	+0.0104%	1h	74.080	long leg	$227	—	10x
Variational Omni NFLXshort	+0.0134%	8h	74.053	−0.037%	$83K	$119K	—
Binance NFLXUSDT	+0.0143%	8h	74.131	+0.068%	$5.4M	$5.7M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.710	+0.851%	$83K	$120K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	73.961	−0.160%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0249%	8h	74.100	+0.027%	$1.3M	$882K	50x	as long as short
BloFin NFLX-USDT	+0.0262%	8h	74.020	−0.081%	$47K	$78K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0269%	8h	73.991	−0.121%	$253	$129K	10x	as long as short