Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.061%

Price spread now: QFEX against OKX−0.163%7-day average −0.215% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.092%−$9 on $10k

Price spread, last 7 days+0.142%+$14 · spread now −0.163%, 7d avg −0.215%

Together, before fees+0.050%+$5 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: QFEX is 0.052% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.215%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NFLX-USDT-SWAP	73.690	0	get 0.0000% / 8h	5h 56m	$881K	$865K	20x
Short	QFEX NFLX-USD	73.570	0	get 0.0000% / 1h	56m 02s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.163%Rate

Funding earned: $0
Price spread: −0.163% → −0.215%: $5.24
Slippage, 4 orders: −$30.64
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$45.4
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; QFEX: live order book, 5 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, 5 min ago	2.04 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.72 bp	8.0 bp −$8	16.6 bp −$166	doesn't fit	doesn't fit

NFLX on 20 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	−0.143%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPlong	0.0000%	8h	73.690	long leg	$881K	$865K	20x
QFEX NFLX-USDshort	0.0000%	1h	73.570	−0.163%	$1.1M	$1.4M	10x
Gate NFLX_USDT	0.0000%	8h	73.710	+0.027%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.660	−0.041%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.657	−0.045%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.628	−0.084%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.680	−0.014%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.570	−0.163%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.547	−0.194%	$16K	$29K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.577	−0.153%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.550	−0.190%	$64K	$143K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.600	−0.122%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.656	−0.046%	$225	—	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.601	−0.121%	$12K	$76K	10x	as long as short
Variational Omni NFLX	+0.0207%	8h	73.648	−0.057%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0213%	8h	73.654	−0.048%	$5.5M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.300	+0.828%	$83K	$81K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0249%	8h	73.655	−0.048%	$337	$146K	10x	as long as short
Bybit NFLXUSDT	+0.0264%	8h	73.640	−0.068%	$1.3M	$899K	50x	as long as short