Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%

Price spread now: QFEX against Bitget−0.054%7-day average −0.242% · 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−$38as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 7 days−0.015%−$1 · spread now −0.054%, 7d avg −0.242%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.188% dearer against Bitget than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.242%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NFLXUSDT	73.760	0	get 0.0000% / 8h	3h 02m	$4.3M	$574K	50x
Short	QFEX NFLX-USD	73.720	0	get 0.0000% / 1h	2m 06s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $0
Price spread: −0.054% → −0.242%: $18.81
Slippage, 4 orders: −$34.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$38.04
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; QFEX: live order book, 4 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 Bitget live order book, 1 min ago	7.45 bp	16.5 bp −$16	30.3 bp −$303	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.71 bp	10.8 bp −$11	22.0 bp −$220	doesn't fit	doesn't fit

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	73.754	−0.008%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.780	+0.027%	$881K	$820K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.720	−0.054%	$1.1M	$1.4M	10x
Bitget NFLXUSDTlong	0.0000%	8h	73.760	long leg	$4.3M	$574K	50x
SunX NFLX-USDT	0.0000%	8h	73.787	+0.037%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.707	−0.072%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.770	+0.014%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.740	−0.027%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.682	−0.106%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.690	−0.095%	$4.9M	$2.9M	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	73.700	−0.081%	$65K	$140K	10x	as long as short
Gate NFLX_USDT	+0.0063%	8h	73.820	+0.081%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.750	−0.014%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.789	+0.040%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0134%	8h	73.762	+0.003%	$97K	$132K	—	as long as short
Binance NFLXUSDT	+0.0134%	8h	73.797	+0.051%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0163%	8h	73.770	+0.013%	$441	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.140	+5.938%	$87K	$100K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.756	−0.005%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0256%	8h	73.780	+0.027%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0339%	8h	73.820	+0.081%	$1.3M	$884K	50x	as long as short