Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.063%

Price spread now: Variational Omni against Extended+0.114%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.114% dearer against Extended than usual: you sell high and buy low: +$11 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	73.678	0.0048	pay 0.0006% / 1h	1m 47s	$16K	$29K	10x
Short	Variational Omni NFLX	73.762	0.0134	get 0.0134% / 8h	3h 01m	$97K	$132K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.114%Rate

Funding earned: $18.06
Price spread: +0.114% → 0.000%: $11.38
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $24.44
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; Variational Omni: RFQ quote, 52 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 Variational Omni RFQ quote, 52 min ago	2.89 bp	doesn't fit	30.3 bp −$303	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	73.757	+0.107%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.780	+0.138%	$881K	$820K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.720	+0.057%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.760	+0.111%	$4.3M	$574K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.787	+0.148%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.707	+0.039%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.770	+0.125%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.740	+0.084%	—	$21K	25x	as long as short
Extended NFLX-USDlong	+0.0048%	1h	73.678	long leg	$16K	$29K	10x
tradeXYZ xyz:NFLX	+0.0050%	1h	73.687	+0.012%	$4.9M	$2.9M	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	73.700	+0.030%	$65K	$140K	10x	as long as short
Gate NFLX_USDT	+0.0063%	8h	73.820	+0.192%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.740	+0.084%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.789	+0.151%	$226	—	10x	as long as short
Binance NFLXUSDT	+0.0133%	8h	73.793	+0.156%	$5.4M	$5.4M	20x	as long as short
Variational Omni NFLXshort	+0.0134%	8h	73.762	+0.114%	$97K	$132K	—
GRVT NFLX_USDT_Perp	+0.0163%	8h	73.770	+0.124%	$441	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.140	+6.056%	$87K	$100K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.756	+0.106%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0256%	8h	73.780	+0.138%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0339%	8h	73.820	+0.192%	$1.3M	$884K	50x	as long as short