Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: QFEX against KuCoin+0.027%7-day average −0.238% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$3093.089% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.100%−$10 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.027%, 7d avg −0.238%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.266% dearer against KuCoin than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.238%): +$27 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NFLXUSDTM	73.490	0.0100	pay 0.0100% / 8h	1h 45m	$152K	$13K	20x
Short	QFEX NFLX-USD	73.510	0	get 0.0000% / 1h	45m 22s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$21
Price spread: +0.027% → −0.238%: $26.56
Slippage, 4 orders: −$286.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$303.33
Costs to cover: 3.089%
Break-even: never at this rate

Slippage from KuCoin: live order book, 19 min ago; QFEX: live order book, 1 min ago.

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, 19 min ago	25.85 bp	109.5 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	2.04 bp	13.8 bp −$14	22.9 bp −$229	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	73.529	+0.054%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.620	+0.177%	$874K	$1.0M	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.510	+0.027%	$1.1M	$1.4M	10x
Gate NFLX_USDT	0.0000%	8h	73.600	+0.150%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.597	+0.146%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.537	+0.064%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.610	+0.163%	$1.4M	$331K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.500	+0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.470	−0.027%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.480	−0.014%	$5.1M	$3.2M	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.P	+0.0050%	1h	73.510	+0.027%	$68K	$169K	10x	as long as short
KuCoin NFLXUSDTMlong	+0.0100%	8h	73.490	long leg	$152K	$13K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.573	+0.113%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0177%	8h	73.570	+0.109%	$4.2M	$621K	50x	as long as short
Variational Omni NFLX	+0.0202%	8h	73.589	+0.134%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0208%	8h	73.585	+0.130%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.210	+0.980%	$83K	$57K	12x	as long as short
Phoenix NFLX	+0.0272%	1h	73.595	+0.143%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0339%	8h	73.576	+0.117%	$838	$157K	10x	as long as short
Bybit NFLXUSDT	+0.0345%	8h	73.570	+0.109%	$1.3M	$1.0M	50x	as long as short
BloFin NFLX-USDT	+0.0346%	8h	73.590	+0.136%	$46K	$82K	20x	as long as short