Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.003%

Price spread now: tradeXYZ against Bitget−0.127%7-day average −0.150% · you buy dearer than you sell

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

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 7 days+0.076%+$8 · spread now −0.127%, 7d avg −0.150%

Together, before fees+0.206%+ Points / potential airdroptradeXYZ: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.023% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.150%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NFLXUSDT	73.910	0	get 0.0000% / 8h	1h 22m	$4.2M	$594K	50x
Short	tradeXYZ xyz:NFLX	73.816	0.0050	get 0.0006% / 1h	22m 44s	$5.0M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.127%Rate

Funding earned: $10.5
Price spread: −0.127% → −0.150%: $2.26
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$17.24
Costs to cover: 0.300%
Break-even: 18.5 days

Slippage unknown: Bitget: live order book, 5 min ago; tradeXYZ: live order book, 6 min ago. 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, 5 min ago	8.12 bp	16.5 bp −$17	28.8 bp −$288	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	1.36 bp	12.2 bp −$12	doesn't fit	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	73.783	−0.172%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.920	+0.014%	$878K	$830K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.790	−0.162%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDTlong	0.0000%	8h	73.910	long leg	$4.2M	$594K	50x
SunX NFLX-USDT	0.0000%	8h	73.867	−0.058%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.791	−0.161%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.880	−0.041%	$1.4M	$345K	10x	as long as short
Gate NFLX_USDT	+0.0039%	8h	73.890	−0.027%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.790	−0.162%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.810	−0.135%	$12K	$19K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLXshort	+0.0050%	1h	73.816	−0.127%	$5.0M	$3.0M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.790	−0.162%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.790	−0.162%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.839	−0.096%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0106%	8h	73.827	−0.112%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0119%	8h	73.876	−0.046%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0184%	8h	73.849	−0.082%	$485	$139K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.823	−0.118%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.480	+0.771%	$83K	$110K	12x	as long as short
BloFin NFLX-USDT	+0.0238%	8h	73.900	−0.014%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0290%	8h	73.900	−0.014%	$1.3M	$870K	50x	as long as short