Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin−0.041%7-day average −0.120% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$17 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now −0.041%, 7d avg −0.120%

Together, before fees−0.269%+ Points / potential airdropOndo Perps: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.079% dearer against KuCoin than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.120%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NFLXUSDTM	73.450	0.0100	pay 0.0100% / 8h	41m 26s	$152K	$37K	20x
Short	Ondo Perps NFLX-USD.P	73.420	0.0050	get 0.0006% / 1h	41m 26s	$68K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$10.42
Price spread: −0.041% → −0.120%: $7.87
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$19.55
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 12 min ago; Ondo Perps: 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 KuCoin live order book, 12 min ago	20.40 bp	58.1 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	73.443	−0.009%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.520	+0.095%	$873K	$990K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.450	0.000%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.570	+0.163%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.521	+0.097%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.502	+0.071%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.510	+0.082%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.440	−0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.426	−0.033%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.434	−0.022%	$5.1M	$3.0M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NFLX-USD.Pshort	+0.0050%	1h	73.420	−0.041%	$68K	$172K	10x
KuCoin NFLXUSDTMlong	+0.0100%	8h	73.450	long leg	$152K	$37K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.514	+0.087%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0116%	8h	73.520	+0.095%	$4.2M	$637K	50x	as long as short
Variational Omni NFLX	+0.0179%	8h	73.516	+0.090%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0184%	8h	73.522	+0.098%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.492	+0.057%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.170	+0.980%	$83K	$64K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0299%	8h	73.520	+0.095%	$834	$157K	10x	as long as short
BloFin NFLX-USDT	+0.0305%	8h	73.530	+0.109%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0391%	8h	73.540	+0.123%	$1.3M	$1.0M	50x	as long as short