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Funding arb · Price arb /

NFLX

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC−0.0787%/8h= −86.2% APRpaid last 24h −0.082%
Price spread now: QFEX against GRVT−0.203%7-day average −0.316% · 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−$41as in the Price arb table
costs, in and out, $10k−$530.525% of the position
Long on GRVTShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.210%−$21 on $10k
Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.203%, 7d avg −0.316%
Together, before fees+0.002%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.113% dearer against GRVT than usual: you sell high and buy low (spread −0.203% now, against its 7-day average of −0.316%): +$11 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 4 days (−0.210% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.210% in total (about -20.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT NFLX_USDT_Perp74.1300.0787pay 0.0787% / 8h6h 59m$254$123K10x
ShortQFEX NFLX-USD73.9800get 0.0000% / 1h59m 00s$1.1M$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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

Funding earned
−$165.27
Price spread: −0.203% → −0.316%
$11.31
Slippage, 4 orders
−$33.53
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$206.49
Costs to cover
0.525%
Break-even
never at this rate
Slippage from GRVT: live order book, 33 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
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 33 min ago2.70 bp10.4 bp −$1043.2 bp −$432doesn't fitdoesn't fit
Sell QFEX live order book, 2 min ago2.70 bp13.1 bp −$1319.4 bp −$194doesn't fitdoesn't fit

NFLX on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NFLXUSDT0.0000%8h74.287+0.211%$12K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h74.1300.000%$887K$789K20xas long as short
QFEX NFLX-USDshort0.0000%1h73.980−0.203%$1.1M$1.4M10x
Gate NFLX_USDT0.0000%8h74.110−0.027%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h74.150+0.027%$4.2M$624K50xas long as short
SunX NFLX-USDT0.0000%8h74.106−0.033%$1K$4.2M10xas long as short
HTX NFLX-USDT0.0000%8h74.036−0.127%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h74.1300.000%$1.4M$343K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h74.000−0.176%—$21K25xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h74.050−0.108%$64K$138K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0087%1h74.026−0.141%$5.0M$2.9M10xas long as short
KuCoin NFLXUSDTM+0.0100%8h74.100−0.041%$152K$105K20xas long as short
Aevo NFLX-PERP+0.0104%1h74.113−0.024%$227—10xas long as short
Extended NFLX-USD+0.0216%1h74.026−0.140%$12K$19K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h78.430+5.800%$87K$126K12xas long as short
Phoenix NFLX+0.0238%1h74.090−0.054%$12K$76K10xas long as short
Variational Omni NFLX+0.0249%8h74.131+0.001%$76K$124K—as long as short
Binance NFLXUSDT+0.0252%8h74.120−0.014%$5.4M$5.6M20xas long as short
Bybit NFLXUSDT+0.0319%8h74.170+0.054%$1.3M$832K50xas long as short
BloFin NFLX-USDT+0.0381%8h74.120−0.014%$47K$82K20xas long as short
GRVT NFLX_USDT_Perplong+0.0787%8h74.130long leg$254$123K10x