Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0161%/8h= −17.6% APRpaid last 24h +0.019%

Price spread now: Extended against Bitget−0.048%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 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 −$5 a day on $10k at the current rate, and Extended is 0.048% cheaper against Bitget than usual: you would sell low and buy high (−$5 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	Bitget NFLXUSDT	73.530	0.0233	pay 0.0233% / 8h	2h 26m	$4.2M	$619K	50x
Short	Extended NFLX-USD	73.494	0.0072	get 0.0009% / 1h	26m 43s	$16K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$33.81
Price spread: −0.048% → 0.000%: −$4.83
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$55.64
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	3.39 bp	10.7 bp −$11	21.8 bp −$218	doesn't fit	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	73.481	−0.067%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.630	+0.136%	$872K	$999K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.460	−0.095%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.620	+0.122%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.587	+0.078%	$2K	$5.1M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.480	−0.068%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.580	+0.068%	$1.4M	$330K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.460	−0.095%	—	$21K	25x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.460	−0.095%	$68K	$172K	10x	as long as short
Extended NFLX-USDshort	+0.0072%	1h	73.494	−0.048%	$16K	$29K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0076%	1h	73.500	−0.041%	$5.1M	$3.2M	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.470	−0.082%	$152K	$13K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.577	+0.064%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0199%	8h	73.567	+0.050%	$120K	$111K	—	as long as short
Binance NFLXUSDT	+0.0211%	8h	73.580	+0.068%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.200	+0.911%	$83K	$52K	12x	as long as short
Bitget NFLXUSDTlong	+0.0233%	8h	73.530	long leg	$4.2M	$619K	50x
Phoenix NFLX	+0.0327%	1h	73.515	−0.020%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0335%	8h	73.559	+0.039%	$633	$159K	10x	as long as short
BloFin NFLX-USDT	+0.0345%	8h	73.570	+0.054%	$46K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0413%	8h	73.580	+0.068%	$1.3M	$1.0M	50x	as long as short