Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.028%

Price spread now: tradeXYZ against HTX−0.117%7-day average — · you buy dearer than you sell

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

Long on HTX Short on tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.117% cheaper against HTX than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 7.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NFLX-USDT	73.564	0	get 0.0000% / 8h	1h 23m	$10K	$52K	20x
Short	tradeXYZ xyz:NFLX	73.478	0.0050	get 0.0006% / 1h	23m 52s	$5.1M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.117%Rate

Funding earned: $10.5
Price spread: −0.117% → 0.000%: −$11.69
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$31.19
Costs to cover: 0.300%
Break-even: 27.8 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 5 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 5 min ago	0.88 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit

HTX: 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	73.508	−0.075%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.600	+0.049%	$874K	$997K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.470	−0.128%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.620	+0.076%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.578	+0.019%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDTlong	0.0000%	8h	73.564	long leg	$10K	$52K	20x
Phemex NFLXUSDT	0.0000%	8h	73.570	+0.008%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.470	−0.128%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.481	−0.113%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLXshort	+0.0050%	1h	73.478	−0.117%	$5.1M	$3.1M	10x

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	73.450	−0.155%	$68K	$169K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.510	−0.073%	$152K	$13K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.576	+0.016%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0149%	8h	73.560	−0.005%	$4.2M	$617K	50x	as long as short
Variational Omni NFLX	+0.0200%	8h	73.561	−0.004%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0201%	8h	73.570	+0.008%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.220	+0.892%	$83K	$59K	12x	as long as short
Phoenix NFLX	+0.0272%	1h	73.527	−0.050%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0332%	8h	73.578	+0.020%	$828	$157K	10x	as long as short
BloFin NFLX-USDT	+0.0335%	8h	73.560	−0.005%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0353%	8h	73.570	+0.008%	$1.3M	$997K	50x	as long as short