Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.003%

Price spread now: Bitget against Ondo Perps+0.054%7-day average +0.210% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now +0.054%, 7d avg +0.210%

Together, before fees+0.110%+ Points / potential airdropOndo Perps: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.155% cheaper against Ondo Perps than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.210%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NFLX-USD.P	73.720	0.0050	pay 0.0006% / 1h	54m 30s	$65K	$141K	10x
Short	Bitget NFLXUSDT	73.760	0	get 0.0000% / 8h	2h 54m	$4.3M	$574K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. 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 Ondo PerpsbpFee BitgetbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$10.58
Price spread: +0.054% → +0.210%: −$15.53
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.11
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 3 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	7.45 bp	15.4 bp −$15	50.6 bp −$506	doesn't fit	doesn't fit

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	73.716	−0.006%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.790	+0.095%	$881K	$820K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.680	−0.054%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDTshort	0.0000%	8h	73.760	+0.054%	$4.3M	$574K	50x
SunX NFLX-USDT	0.0000%	8h	73.768	+0.065%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.764	+0.060%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.730	+0.014%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.700	−0.027%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.663	−0.077%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.671	−0.066%	$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.Plong	+0.0050%	1h	73.720	long leg	$65K	$141K	10x
Gate NFLX_USDT	+0.0057%	8h	73.800	+0.109%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.720	0.000%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.761	+0.056%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0122%	8h	73.772	+0.071%	$97K	$131K	—	as long as short
Binance NFLXUSDT	+0.0125%	8h	73.766	+0.063%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0146%	8h	73.790	+0.095%	$974	$142K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.120	+5.969%	$87K	$100K	12x	as long as short
BloFin NFLX-USDT	+0.0247%	8h	73.780	+0.081%	$47K	$83K	20x	as long as short
Phoenix NFLX	+0.0250%	1h	73.744	+0.033%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0328%	8h	73.810	+0.122%	$1.3M	$885K	50x	as long as short