Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h 0.000%

Price spread now: QFEX against Gate−0.149%7-day average −0.211% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days+0.073%+$7 · spread now −0.149%, 7d avg −0.211%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.062% dearer against Gate than usual: you sell high and buy low (spread −0.149% now, against its 7-day average of −0.211%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.2 days. At the pace of the last 4 days (−0.006% in total) that is about 41 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NFLX_USDT	73.890	0.0029	pay 0.0029% / 8h	38m 59s	$1.4M	$1.2M	25x
Short	QFEX NFLX-USD	73.780	0	get 0.0000% / 1h	38m 59s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$6.09
Price spread: −0.149% → −0.211%: $6.24
Slippage, 4 orders: −$32.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$57.23
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; QFEX: live order book, 2 min ago.

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 Gate live order book, 3 min ago	9.47 bp	19.5 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	2.03 bp	10.0 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit

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	73.893	+0.005%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.860	−0.041%	$876K	$832K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.780	−0.149%	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.900	+0.014%	$4.2M	$596K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.871	−0.026%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.884	−0.008%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.870	−0.027%	$1.4M	$345K	10x	as long as short
Gate NFLX_USDTlong	+0.0029%	8h	73.890	long leg	$1.4M	$1.2M	25x
Vest NFLX-USD-PERP	+0.0046%	1h	73.790	−0.135%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.790	−0.135%	$12K	$19K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.802	−0.119%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.740	−0.203%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.800	−0.122%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.865	−0.034%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0119%	8h	73.861	−0.040%	$83K	$120K	—	as long as short
Binance NFLXUSDT	+0.0126%	8h	73.867	−0.031%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0209%	8h	73.890	0.000%	$372	$137K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.200	+5.833%	$87K	$115K	12x	as long as short
BloFin NFLX-USDT	+0.0246%	8h	73.900	+0.014%	$47K	$81K	20x	as long as short
Phoenix NFLX	+0.0249%	1h	73.816	−0.100%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0254%	8h	73.880	−0.014%	$1.3M	$889K	50x	as long as short