Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0214%/8h= −23.5% APRpaid last 24h −0.084%

Price spread now: QFEX against Binance−0.095%7-day average −0.312% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.146%−$15 on $10k

Price spread, last 2 days (all we have)−0.620%−$62 · spread now −0.095%, 7d avg −0.312%

Together, before fees−0.767%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.217% dearer against Binance than usual: you sell high and buy low (spread −0.095% now, against its 7-day average of −0.312%): +$22 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NFLXUSDT	73.640	0.0214	pay 0.0214% / 8h	5h 59m	$5.5M	$5.4M	20x
Short	QFEX NFLX-USD	73.570	0.0000	pay 0.0000% / 1h	59m 35s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$45.03
Price spread: −0.095% → −0.312%: $21.74
Slippage, 4 orders: −$18.75
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$62.04
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; QFEX: live order book, 2 min ago.

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, 8 min ago	1.36 bp	10.2 bp −$10	22.3 bp −$223	128.4 bp −$12.8K	doesn't fit
Sell QFEX live order book, 2 min ago	2.72 bp	8.0 bp −$8	16.6 bp −$166	doesn't fit	doesn't fit

NFLX on 20 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
QFEX NFLX-USDshort	0.0000%	1h	73.570	−0.095%	$1.1M	$1.4M	10x
Aster NFLXUSDT	0.0000%	8h	73.578	−0.085%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.690	+0.068%	$881K	$867K	20x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.690	+0.068%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.660	+0.027%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.673	+0.045%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.635	−0.007%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.640	0.000%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.580	−0.081%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.605	−0.047%	$16K	$29K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.570	−0.095%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.610	−0.041%	$64K	$143K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.590	−0.068%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.644	+0.006%	$225	—	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.681	+0.056%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0209%	8h	73.682	+0.057%	$94K	$130K	—	as long as short
Binance NFLXUSDTlong	+0.0214%	8h	73.640	long leg	$5.5M	$5.4M	20x
Injective NFLX/USDC PERP	+0.0220%	1h	77.990	+5.907%	$87K	$81K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0245%	8h	73.672	+0.043%	$337	$146K	10x	as long as short
Bybit NFLXUSDT	+0.0262%	8h	73.640	0.000%	$1.3M	$899K	50x	as long as short