Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.104%

Price spread now: Extended against Bybit−0.068%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 −$4 a day on $10k at the current rate, and Extended is 0.068% cheaper against Bybit than usual: you would sell low and buy high (−$7 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	Bybit NFLXUSDT	73.660	0.0192	pay 0.0192% / 8h	6h 21m	$1.3M	$896K	50x
Short	Extended NFLX-USD	73.610	0.0048	get 0.0006% / 1h	21m 14s	$16K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$30.34
Price spread: −0.068% → 0.000%: −$6.84
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$53.17
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	4.75 bp	23.0 bp −$23	128.4 bp −$1,284	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 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-USD	0.0000%	1h	73.550	−0.149%	$1.1M	$1.4M	10x	as long as short
Aster NFLXUSDT	0.0000%	8h	73.562	−0.133%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.680	+0.027%	$881K	$869K	20x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.670	+0.014%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.600	−0.081%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.659	−0.001%	$2K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.553	−0.145%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.700	+0.054%	$1.4M	$323K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	−0.163%	—	$21K	25x	as long as short
Extended NFLX-USDshort	+0.0048%	1h	73.610	−0.068%	$16K	$29K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.617	−0.058%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.600	−0.081%	$64K	$136K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.590	−0.095%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.634	−0.035%	$225	—	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.604	−0.076%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0177%	8h	73.641	−0.026%	$661	$146K	10x	as long as short
Bybit NFLXUSDTlong	+0.0192%	8h	73.660	long leg	$1.3M	$896K	50x
Variational Omni NFLX	+0.0205%	8h	73.583	−0.105%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0211%	8h	73.686	+0.035%	$5.5M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.940	+5.810%	$87K	$79K	12x	as long as short