Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.096%

Price spread now: Variational Omni against Injective−5.554%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Variational Omni is 5.554% cheaper against Injective than usual: you would sell low and buy high (−$555 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NFLX/USDC PERP	77.950	0.0220	pay 0.0028% / 1h	37m 03s	$87K	$83K	12x
Short	Variational Omni NFLX	73.621	0.0204	get 0.0204% / 8h	5h 37m	$94K	$130K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −5.554%Rate

Funding earned: −$3.28
Price spread: −5.554% → 0.000%: −$555.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$558.7
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 27 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 Variational Omni RFQ quote, 27 min ago	2.89 bp	doesn't fit	45.8 bp −$458	doesn't fit	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	73.585	−5.600%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.650	−5.516%	$880K	$863K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.570	−5.619%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.710	−5.439%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.650	−5.516%	$4.3M	$543K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.642	−5.527%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.633	−5.538%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.640	−5.529%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.560	−5.632%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.598	−5.584%	$16K	$29K	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	73.563	−5.628%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.530	−5.670%	$65K	$144K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.590	−5.593%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.640	−5.530%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.622	−5.552%	$12K	$77K	10x	as long as short
Variational Omni NFLXshort	+0.0204%	8h	73.621	−5.554%	$94K	$130K	—
Binance NFLXUSDT	+0.0210%	8h	73.645	−5.522%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERPlong	+0.0220%	1h	77.950	long leg	$87K	$83K	12x
GRVT NFLX_USDT_Perp	+0.0237%	8h	73.638	−5.531%	$673	$143K	10x	as long as short
Bybit NFLXUSDT	+0.0316%	8h	73.630	−5.542%	$1.3M	$905K	50x	as long as short
BloFin NFLX-USDT	+0.0349%	8h	73.630	−5.542%	$47K	$81K	20x	as long as short