Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.108%

Price spread now: Bybit against Ondo Perps+0.216%7-day average +0.167% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.219%+$22 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.216%, 7d avg +0.167%

Together, before fees+0.293%+ Points / potential airdropOndo Perps: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.049% dearer against Ondo Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.167%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NFLX-USD.P	74.030	0.0050	pay 0.0006% / 1h	19m 05s	$64K	$130K	10x
Short	Bybit NFLXUSDT	74.190	0.0326	get 0.0326% / 8h	6h 19m	$1.3M	$840K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.216%Rate

Funding earned: $57.97
Price spread: +0.216% → +0.167%: $4.92
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $46.89
Costs to cover: 0.160%
Break-even: 1.3 days

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	2.02 bp	23.9 bp −$24	187.4 bp −$1,874	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 exchanges

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	74.076	+0.062%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	74.180	+0.203%	$887K	$773K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	74.050	+0.027%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	74.170	+0.189%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.160	+0.176%	$4.2M	$621K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.160	+0.176%	$2K	$4.2M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	74.127	+0.131%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.160	+0.176%	$1.4M	$345K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	74.060	+0.041%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	74.039	+0.012%	$12K	$19K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	74.048	+0.024%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.Plong	+0.0050%	1h	74.030	long leg	$64K	$130K	10x
KuCoin NFLXUSDTM	+0.0100%	8h	74.130	+0.135%	$152K	$148K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.152	+0.164%	$227	—	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.820	+1.067%	$83K	$130K	12x	as long as short
Phoenix NFLX	+0.0227%	1h	74.125	+0.128%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0293%	8h	74.150	+0.162%	$76K	$122K	—	as long as short
Binance NFLXUSDT	+0.0298%	8h	74.150	+0.162%	$5.4M	$5.6M	20x	as long as short
Bybit NFLXUSDTshort	+0.0326%	8h	74.190	+0.216%	$1.3M	$840K	50x
BloFin NFLX-USDT	+0.0449%	8h	74.160	+0.176%	$47K	$82K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0609%	8h	74.164	+0.180%	$254	$119K	10x	as long as short