Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.079%

Price spread now: Extended against GRVT−0.080%92s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Extended

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 airdropGRVT: Active · Extended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.080% cheaper against GRVT than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	GRVT NFLX_USDT_Perp	73.980	0.0151	pay 0.0151% / 8h	2h 11m	$641	$141K	10x
Short	Extended NFLX-USD	73.920	0.0048	get 0.0006% / 1h	11m 57s	$12K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. 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 GRVTbpFee ExtendedbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$21.63
Price spread: −0.080% → 0.000%: −$8.04
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$43.67
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 35 min ago; Extended: no order-book sample. 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 GRVT live order book, 35 min ago	2.03 bp	22.8 bp −$23	46.8 bp −$468	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

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	73.939	−0.056%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.980	0.000%	$878K	$835K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.910	−0.094%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.920	−0.081%	$4.3M	$592K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.033	+0.072%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	74.077	+0.131%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.010	+0.041%	$1.4M	$339K	10x	as long as short
Gate NFLX_USDT	+0.0037%	8h	74.040	+0.081%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.930	−0.067%	—	$21K	25x	as long as short
Extended NFLX-USDshort	+0.0048%	1h	73.920	−0.080%	$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	73.930	−0.067%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.870	−0.148%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.950	−0.040%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.999	+0.025%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0108%	8h	73.978	−0.003%	$95K	$126K	—	as long as short
Binance NFLXUSDT	+0.0114%	8h	74.032	+0.070%	$5.4M	$5.5M	20x	as long as short
GRVT NFLX_USDT_Perplong	+0.0151%	8h	73.980	long leg	$641	$141K	10x
Phoenix NFLX	+0.0206%	1h	73.949	−0.042%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.350	+5.907%	$87K	$105K	12x	as long as short
BloFin NFLX-USDT	+0.0234%	8h	74.030	+0.068%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0289%	8h	73.970	−0.013%	$1.3M	$903K	50x	as long as short