Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.079%

Price spread now: GRVT against Extended+0.136%92s7-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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GRVT is 0.136% dearer against Extended than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NFLX-USD	73.790	0.0048	pay 0.0006% / 1h	38m 05s	$12K	$19K	10x
Short	GRVT NFLX_USDT_Perp	73.890	0.0209	get 0.0209% / 8h	38m 05s	$372	$137K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.136%Rate

Funding earned: $33.81
Price spread: +0.136% → 0.000%: $13.58
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $33.39
Costs to cover: 0.140%
Break-even: 0.1 days

Slippage unknown: Extended: no order-book sample; GRVT: live order book, 64 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 GRVT live order book, 64 min ago	2.03 bp	30.2 bp −$30	80.3 bp −$803	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	73.911	+0.165%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.860	+0.095%	$876K	$831K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.780	−0.013%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.880	+0.122%	$4.2M	$596K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.871	+0.110%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.884	+0.128%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.870	+0.109%	$1.4M	$345K	10x	as long as short
Gate NFLX_USDT	+0.0029%	8h	73.890	+0.136%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.790	0.000%	—	$21K	25x	as long as short
Extended NFLX-USDlong	+0.0048%	1h	73.790	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	73.796	+0.008%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.740	−0.067%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.800	+0.014%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.860	+0.095%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0119%	8h	73.861	+0.096%	$83K	$120K	—	as long as short
Binance NFLXUSDT	+0.0126%	8h	73.870	+0.109%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perpshort	+0.0209%	8h	73.890	+0.136%	$372	$137K	10x
Injective NFLX/USDC PERP	+0.0220%	1h	78.200	+5.977%	$87K	$115K	12x	as long as short
BloFin NFLX-USDT	+0.0246%	8h	73.900	+0.149%	$47K	$81K	20x	as long as short
Phoenix NFLX	+0.0249%	1h	73.816	+0.036%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0254%	8h	73.880	+0.122%	$1.3M	$889K	50x	as long as short