Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.079%

Price spread now: BloFin against Injective−5.495%7-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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.511%+$51 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 5.495% cheaper against Injective than usual: you would sell low and buy high (spread −5.495% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$550 on $10k: about 4 months of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NFLX/USDC PERP	78.430	0.0220	pay 0.0028% / 1h	58m 32s	$87K	$126K	12x
Short	BloFin NFLX-USDT	74.120	0.0381	get 0.0381% / 8h	6h 58m	$47K	$82K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −5.495%Rate

Funding earned: $33.71
Price spread: −5.495% → 0.000%: −$549.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$527.84
Costs to cover: 0.120%
Break-even: 116.6 days

Slippage unknown: Injective: live order book, 25 min ago; BloFin: 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, 25 min ago	48.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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	74.296	−5.272%	$12K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	74.110	−5.508%	$887K	$789K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	74.020	−5.623%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	74.120	−5.495%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.160	−5.444%	$4.2M	$624K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.106	−5.513%	$1K	$4.2M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	74.036	−5.602%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.130	−5.483%	$1.4M	$343K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	74.000	−5.648%	—	$21K	25x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	74.050	−5.585%	$64K	$138K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NFLXUSDTM	+0.0100%	8h	74.090	−5.534%	$152K	$105K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.113	−5.505%	$227	—	10x	as long as short
tradeXYZ xyz:NFLX	+0.0104%	1h	74.017	−5.627%	$5.0M	$2.9M	10x	as long as short
Extended NFLX-USD	+0.0216%	1h	74.020	−5.622%	$12K	$19K	10x	as long as short
Injective NFLX/USDC PERPlong	+0.0220%	1h	78.430	long leg	$87K	$126K	12x
Phoenix NFLX	+0.0238%	1h	74.090	−5.534%	$12K	$76K	10x	as long as short
Variational Omni NFLX	+0.0249%	8h	74.131	−5.481%	$76K	$124K	—	as long as short
Binance NFLXUSDT	+0.0255%	8h	74.119	−5.497%	$5.4M	$5.6M	20x	as long as short
Bybit NFLXUSDT	+0.0338%	8h	74.160	−5.444%	$1.3M	$832K	50x	as long as short
BloFin NFLX-USDTshort	+0.0381%	8h	74.120	−5.495%	$47K	$82K	20x
GRVT NFLX_USDT_Perp	+0.0787%	8h	74.130	−5.482%	$254	$123K	10x	as long as short