Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0239%/8h= +26.2% APRpaid last 24h +0.109%

Price spread now: Bybit against Extended+0.101%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.101% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NFLX-USD	73.925	0.0048	pay 0.0006% / 1h	14m 43s	$12K	$19K	10x
Short	Bybit NFLXUSDT	74.000	0.0287	get 0.0287% / 8h	2h 14m	$1.3M	$903K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.101%Rate

Funding earned: $50.22
Price spread: +0.101% → 0.000%: $10.14
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $44.36
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 1 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 Extended no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	4.73 bp	23.2 bp −$23	155.9 bp −$1,559	doesn't fit	doesn't fit

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	73.931	+0.008%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.980	+0.074%	$884K	$825K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.900	−0.034%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.920	−0.007%	$4.3M	$598K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.988	+0.085%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.916	−0.012%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.970	+0.061%	$1.4M	$337K	10x	as long as short
Gate NFLX_USDT	+0.0036%	8h	74.030	+0.142%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.910	−0.020%	—	$21K	25x	as long as short
Extended NFLX-USDlong	+0.0048%	1h	73.925	long leg	$12K	$19K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.896	−0.039%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.900	−0.034%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.930	+0.007%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.976	+0.069%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0108%	8h	73.978	+0.071%	$95K	$126K	—	as long as short
Binance NFLXUSDT	+0.0115%	8h	73.989	+0.087%	$5.4M	$5.5M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0158%	8h	73.978	+0.072%	$797	$141K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.947	+0.030%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.350	+5.986%	$87K	$105K	12x	as long as short
BloFin NFLX-USDT	+0.0236%	8h	73.970	+0.061%	$47K	$83K	20x	as long as short
Bybit NFLXUSDTshort	+0.0287%	8h	74.000	+0.101%	$1.3M	$903K	50x