Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.062%

Price spread now: Extended against Binance−0.083%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.083% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NFLXUSDT	73.920	0.0120	pay 0.0120% / 8h	1h 32m	$5.4M	$5.6M	20x
Short	Extended NFLX-USD	73.859	0.0048	get 0.0006% / 1h	32m 27s	$12K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$15.11
Price spread: −0.083% → 0.000%: −$8.27
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$38.37
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; Extended: no order-book sample. 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 Binance live order book, 5 min ago	0.68 bp	10.9 bp −$11	23.5 bp −$235	201.3 bp −$20.1K	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	73.874	−0.062%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.940	+0.027%	$878K	$832K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.860	−0.081%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.940	+0.027%	$4.3M	$592K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.923	+0.004%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.944	+0.032%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.890	−0.041%	$1.4M	$344K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.860	−0.081%	—	$21K	25x	as long as short
Extended NFLX-USDshort	+0.0048%	1h	73.859	−0.083%	$12K	$19K	10x
Gate NFLX_USDT	+0.0048%	8h	73.980	+0.081%	$1.4M	$1.2M	25x	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	73.867	−0.072%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.820	−0.135%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.870	−0.068%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.924	+0.005%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0113%	8h	73.952	+0.043%	$95K	$126K	—	as long as short
Binance NFLXUSDTlong	+0.0120%	8h	73.920	long leg	$5.4M	$5.6M	20x
GRVT NFLX_USDT_Perp	+0.0183%	8h	73.950	+0.041%	$501	$139K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.877	−0.058%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.570	+0.879%	$83K	$109K	12x	as long as short
BloFin NFLX-USDT	+0.0241%	8h	73.950	+0.041%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0288%	8h	73.950	+0.041%	$1.3M	$872K	50x	as long as short