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 +0.002%

Price spread now: OKX against Injective−0.923%98s7-day average +4.969% · you buy dearer than you sell

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

Long on Injective Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 on $10k

Price spread, last 4 days (all we have)+10.781%+$1,078 · spread now −0.923%, 7d avg +4.969%

Together, before fees+11.030%+$1,103 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 5.892% cheaper against Injective than usual: you would sell low and buy high (−$589 if the spread goes back to its 7-day average of +4.969%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.249%, so the current rate has only just turned against you. The two prices were read 98 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	74.760	0.0220	pay 0.0028% / 1h	33m 42s	$83K	$122K	12x
Short	OKX NFLX-USDT-SWAP	74.070	0	get 0.0000% / 8h	7h 33m	$889K	$806K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.923%Rate

Funding earned: −$46.2
Price spread: −0.923% → +4.969%: −$589.19
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$645.41
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 55 min ago; OKX: live order book, 62 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 live order book, 55 min ago	45.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 62 min ago	3.38 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit

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	74.012	−1.001%	$11K	$5K	20x	as long as short
Bybit NFLXUSDT	0.0000%	8h	74.110	−0.869%	$1.3M	$878K	50x	as long as short
OKX NFLX-USDT-SWAPshort	0.0000%	8h	74.070	−0.923%	$889K	$806K	20x
QFEX NFLX-USD	0.0000%	1h	74.030	−0.976%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	74.110	−0.869%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.050	−0.950%	$4.3M	$588K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.127	−0.847%	$2K	$4.5M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.963	−1.066%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.100	−0.883%	$1.4M	$345K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	74.040	−0.963%	—	$21K	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NFLX-USD	+0.0048%	1h	74.019	−0.991%	$12K	$19K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	74.031	−0.975%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	74.010	−1.003%	$64K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	74.040	−0.963%	$152K	$73K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.073	−0.919%	$227	—	10x	as long as short
Variational Omni NFLX	+0.0146%	8h	74.053	−0.946%	$84K	$119K	—	as long as short
Binance NFLXUSDT	+0.0157%	8h	74.100	−0.883%	$5.4M	$5.6M	20x	as long as short
Injective NFLX/USDC PERPlong	+0.0220%	1h	74.760	long leg	$83K	$122K	12x
Phoenix NFLX	+0.0238%	1h	74.017	−0.994%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0273%	8h	74.070	−0.923%	$47K	$77K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0443%	8h	74.060	−0.936%	$253	$128K	10x	as long as short