Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.047%

Price spread now: Vest against Binance−0.095%57s7-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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.095% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NFLXUSDT	73.510	0.0203	pay 0.0203% / 8h	20m 38s	$5.4M	$5.4M	20x
Short	Vest NFLX-USD-PERP	73.440	0.0046	get 0.0006% / 1h	20m 38s	—	$21K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$33.06
Price spread: −0.095% → 0.000%: −$9.52
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$54.58
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; Vest: 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, 2 min ago	0.68 bp	6.9 bp −$7	7.0 bp −$70	133.5 bp −$13.3K	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	73.450	−0.081%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.520	+0.014%	$872K	$989K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.450	−0.082%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.520	+0.014%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.512	+0.003%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.484	−0.035%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.510	0.000%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERPshort	+0.0046%	1h	73.440	−0.095%	—	$21K	25x
Extended NFLX-USD	+0.0048%	1h	73.422	−0.120%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.425	−0.116%	$5.1M	$3.0M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.390	−0.163%	$68K	$172K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.450	−0.082%	$152K	$37K	20x	as long as short
Bitget NFLXUSDT	+0.0102%	8h	73.500	−0.014%	$4.3M	$690K	50x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.517	+0.010%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0199%	8h	73.505	−0.007%	$120K	$106K	—	as long as short
Binance NFLXUSDTlong	+0.0203%	8h	73.510	long leg	$5.4M	$5.4M	20x
Phoenix NFLX	+0.0207%	1h	73.455	−0.075%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.170	+0.898%	$83K	$66K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0301%	8h	73.513	+0.004%	$814	$155K	10x	as long as short
BloFin NFLX-USDT	+0.0337%	8h	73.500	−0.014%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0402%	8h	73.550	+0.054%	$1.3M	$998K	50x	as long as short