Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.089%

Price spread now: Binance against Injective−5.560%67s7-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 Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.369%+$37 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 5.560% cheaper against Injective than usual: you would sell low and buy high, −$556 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 67 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	77.880	0.0220	pay 0.0028% / 1h	44m 14s	$87K	$89K	12x
Short	Binance NFLXUSDT	73.550	0.0214	get 0.0214% / 8h	4h 44m	$5.4M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −5.560%Rate

Funding earned: −$1.31
Price spread: −5.560% → 0.000%: −$555.98
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$567.31
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Binance: live order book, 9 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.68 bp	11.5 bp −$11	25.7 bp −$257	175.0 bp −$17.5K	doesn't fit

Injective: 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	73.538	−5.575%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.590	−5.508%	$879K	$835K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.530	−5.586%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	−5.483%	$4.3M	$553K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.577	−5.525%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.540	−5.573%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.550	−5.560%	$1.4M	$323K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.510	−5.611%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.509	−5.612%	$16K	$29K	10x	as long as short
Gate NFLX_USDT	+0.0048%	8h	73.630	−5.457%	$1.4M	$1.2M	25x	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	73.515	−5.605%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.450	−5.688%	$65K	$139K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	−5.586%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.571	−5.533%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0208%	8h	73.552	−5.557%	$94K	$130K	—	as long as short
Binance NFLXUSDTshort	+0.0214%	8h	73.550	−5.560%	$5.4M	$5.4M	20x
Injective NFLX/USDC PERPlong	+0.0220%	1h	77.880	long leg	$87K	$89K	12x
Phoenix NFLX	+0.0239%	1h	73.541	−5.571%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0314%	8h	73.570	−5.534%	$804	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0357%	8h	73.560	−5.547%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0410%	8h	73.600	−5.496%	$1.3M	$877K	50x	as long as short