Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.017%

Price spread now: Aster against Injective−5.599%87s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 5.599% cheaper against Injective than usual: you would sell low and buy high (−$560 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 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	Injective NFLX/USDC PERP	78.290	0.0220	pay 0.0028% / 1h	57m 53s	$87K	$119K	12x
Short	Aster NFLXUSDT	73.906	0	get 0.0000% / 8h	7h 57m	$11K	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −5.599%Rate

Funding earned: −$46.2
Price spread: −5.599% → 0.000%: −$559.93
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$614.15
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 31 min ago; Aster: 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 Injective live order book, 31 min ago	45.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 NFLXUSDTshort	0.0000%	8h	73.906	−5.599%	$11K	$5K	20x
OKX NFLX-USDT-SWAP	0.0000%	8h	73.930	−5.569%	$878K	$832K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.860	−5.658%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.990	−5.492%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.960	−5.531%	$4.2M	$596K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.958	−5.533%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.949	−5.545%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.960	−5.531%	$1.4M	$348K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.870	−5.646%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.882	−5.631%	$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	73.889	−5.621%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.880	−5.633%	$64K	$143K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.920	−5.582%	$151K	$53K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.955	−5.538%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0129%	8h	73.945	−5.550%	$83K	$119K	—	as long as short
Binance NFLXUSDT	+0.0140%	8h	73.967	−5.522%	$5.4M	$5.7M	20x	as long as short
Bybit NFLXUSDT	+0.0145%	8h	73.950	−5.543%	$1.3M	$882K	50x	as long as short
GRVT NFLX_USDT_Perp	+0.0210%	8h	73.952	−5.541%	$257	$136K	10x	as long as short
Injective NFLX/USDC PERPlong	+0.0220%	1h	78.290	long leg	$87K	$119K	12x
Phoenix NFLX	+0.0249%	1h	73.921	−5.581%	$12K	$76K	10x	as long as short
BloFin NFLX-USDT	+0.0260%	8h	73.940	−5.556%	$47K	$78K	20x	as long as short