Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.021%

Price spread now: Phemex against Extended+0.120%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 Phemex

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

The price spread pays, funding is against you. Phemex is 0.120% dearer against Extended than usual: you sell high and buy low (spread +0.120% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NFLX-USD	73.422	0.0048	pay 0.0006% / 1h	21m 34s	$16K	$29K	10x
Short	Phemex NFLXUSDT	73.510	0	get 0.0000% / 8h	21m 34s	$1.4M	$329K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$10.08
Price spread: +0.120% → 0.000%: $11.99
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$15.09
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; Phemex: 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 Phemex live order book, 1 min ago	1.36 bp	41.6 bp −$42	doesn't fit	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	73.447	+0.034%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.520	+0.134%	$872K	$988K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.450	+0.038%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.560	+0.188%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.512	+0.123%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.484	+0.084%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.510	+0.120%	$1.4M	$329K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.440	+0.025%	—	$21K	25x	as long as short
Extended NFLX-USDlong	+0.0048%	1h	73.422	long leg	$16K	$29K	10x
tradeXYZ xyz:NFLX	+0.0050%	1h	73.426	+0.006%	$5.1M	$3.0M	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	73.390	−0.044%	$68K	$172K	10x	as long as short
Bitget NFLXUSDT	+0.0099%	8h	73.500	+0.106%	$4.3M	$690K	50x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.450	+0.038%	$152K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.519	+0.131%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0193%	8h	73.507	+0.115%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0203%	8h	73.510	+0.120%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.455	+0.045%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.170	+1.019%	$83K	$66K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0301%	8h	73.513	+0.124%	$814	$155K	10x	as long as short
BloFin NFLX-USDT	+0.0332%	8h	73.520	+0.134%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0402%	8h	73.560	+0.188%	$1.3M	$998K	50x	as long as short