Funding arb · Price arb /

NFLX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.030%

Price spread now: Aevo against OKX−0.064%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. Aevo is 0.064% cheaper against OKX than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NFLX-USDT-SWAP	73.610	0	get 0.0000% / 8h	3h 27m	$880K	$817K	20x
Short	Aevo NFLX-PERP	73.563	0.0104	get 0.0013% / 1h	27m 57s	$225	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.064%Rate

Funding earned: $21.84
Price spread: −0.064% → 0.000%: −$6.43
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$10.59
Costs to cover: 0.260%
Break-even: 10.4 days

Slippage unknown: OKX: live order book, 23 min ago; Aevo: 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 OKX live order book, 23 min ago	2.72 bp	18.5 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	73.536	−0.101%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPlong	0.0000%	8h	73.610	long leg	$880K	$817K	20x
QFEX NFLX-USD	0.0000%	1h	73.490	−0.163%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	0.000%	$4.3M	$560K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.580	−0.041%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.616	+0.008%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.580	−0.041%	$1.4M	$325K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.490	−0.163%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.502	−0.146%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.510	−0.136%	$4.9M	$2.9M	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	73.520	−0.122%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0089%	8h	73.640	+0.041%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	−0.109%	$151K	$37K	20x	as long as short
Aevo NFLX-PERPshort	+0.0104%	1h	73.563	−0.064%	$225	—	10x
Variational Omni NFLX	+0.0156%	8h	73.572	−0.051%	$96K	$132K	—	as long as short
Binance NFLXUSDT	+0.0161%	8h	73.580	−0.041%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0187%	8h	73.580	−0.041%	$492	$143K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.910	+5.842%	$87K	$96K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.532	−0.106%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0281%	8h	73.570	−0.054%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0367%	8h	73.620	+0.014%	$1.3M	$885K	50x	as long as short