Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.056%

Price spread now: Gate against OKX+0.041%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1361.357% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.041%, 7d avg −0.010%

Together, before fees−0.135%−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.051% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NFLX-USDT-SWAP	73.530	0	get 0.0000% / 8h	47m 38s	$873K	$991K	20x
Short	Gate NFLX_USDT	73.560	0	get 0.0000% / 8h	47m 38s	$1.3M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.010%: $5.05
Slippage, 4 orders: −$110.67
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$130.61
Costs to cover: 1.357%
Break-even: never at this rate

Slippage from OKX: live order book, 29 min ago; Gate: live order book, 4 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 OKX live order book, 29 min ago	3.40 bp	20.5 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	7.48 bp	82.1 bp −$82	301.1 bp −$3,011	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	73.446	−0.114%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPlong	0.0000%	8h	73.530	long leg	$873K	$991K	20x
QFEX NFLX-USD	0.0000%	1h	73.420	−0.150%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDTshort	0.0000%	8h	73.560	+0.041%	$1.3M	$1.2M	25x
SunX NFLX-USDT	0.0000%	8h	73.522	−0.011%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.433	−0.132%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.530	0.000%	$1.4M	$330K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.420	−0.150%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.422	−0.147%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.427	−0.140%	$5.1M	$3.1M	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	73.380	−0.204%	$68K	$172K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.460	−0.095%	$152K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.513	−0.023%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0121%	8h	73.510	−0.027%	$4.2M	$644K	50x	as long as short
Variational Omni NFLX	+0.0178%	8h	73.511	−0.026%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0182%	8h	73.520	−0.014%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.484	−0.063%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.180	+0.884%	$83K	$63K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0301%	8h	73.520	−0.014%	$502	$156K	10x	as long as short
BloFin NFLX-USDT	+0.0302%	8h	73.540	+0.014%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0392%	8h	73.540	+0.014%	$1.3M	$993K	50x	as long as short