Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.085%

Price spread now: GRVT against Ondo Perps+0.154%7-day average +0.174% · you sell dearer than you buy

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

Long on Ondo Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.290%+$29 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.154%, 7d avg +0.174%

Together, before fees+0.284%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.020% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.154% now, against its 7-day average of +0.174%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NFLX-USD.P	73.730	0.0050	pay 0.0006% / 1h	3m 13s	$66K	$141K	10x
Short	GRVT NFLX_USDT_Perp	73.843	0.0208	get 0.0208% / 8h	1h 03m	$397	$138K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.154%Rate

Funding earned: $33.1
Price spread: +0.154% → +0.174%: −$2.05
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $17.05
Costs to cover: 0.140%
Break-even: 3.4 days

Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 39 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 GRVT live order book, 39 min ago	2.03 bp	30.2 bp −$30	80.3 bp −$803	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	73.820	+0.122%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.830	+0.136%	$877K	$829K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.780	+0.068%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.900	+0.231%	$4.2M	$594K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.866	+0.184%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.817	+0.118%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.870	+0.190%	$1.4M	$346K	10x	as long as short
Gate NFLX_USDT	+0.0033%	8h	73.910	+0.244%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.790	+0.081%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.783	+0.072%	$12K	$19K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.792	+0.084%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.Plong	+0.0050%	1h	73.730	long leg	$66K	$141K	10x
KuCoin NFLXUSDTM	+0.0100%	8h	73.790	+0.081%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.866	+0.184%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0126%	8h	73.853	+0.167%	$83K	$140K	—	as long as short
Binance NFLXUSDT	+0.0135%	8h	73.860	+0.176%	$5.4M	$5.6M	20x	as long as short
Phoenix NFLX	+0.0206%	1h	73.839	+0.148%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perpshort	+0.0208%	8h	73.843	+0.154%	$397	$138K	10x
Injective NFLX/USDC PERP	+0.0220%	1h	74.500	+1.044%	$83K	$112K	12x	as long as short
BloFin NFLX-USDT	+0.0255%	8h	73.880	+0.203%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0286%	8h	73.840	+0.149%	$1.3M	$890K	50x	as long as short