Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Ondo Perps+0.069%7-day average +0.180% · you sell dearer than you buy

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

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now +0.069%, 7d avg +0.180%

Together, before fees+0.153%+ Points / potential airdropOndo Perps: Active · farm board+$15 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 SunX is 0.111% cheaper against Ondo Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.180%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NFLX-USD.P	73.780	0.0050	pay 0.0006% / 1h	59m 17s	$66K	$141K	10x
Short	SunX NFLX-USDT	73.831	0	get 0.0000% / 8h	59m 17s	$2K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$10.58
Price spread: +0.069% → +0.180%: −$11.1
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$34.69
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago	45.88 bp	128.0 bp −$128	doesn't fit	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	73.916	+0.185%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.830	+0.068%	$877K	$829K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.760	−0.027%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.900	+0.163%	$4.2M	$594K	50x	as long as short
SunX NFLX-USDTshort	0.0000%	8h	73.831	+0.069%	$2K	$4.6M	10x
HTX NFLX-USDT	0.0000%	8h	73.816	+0.049%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.850	+0.095%	$1.4M	$347K	10x	as long as short
Gate NFLX_USDT	+0.0032%	8h	73.880	+0.136%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.780	0.000%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.759	−0.029%	$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	73.779	−0.001%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.Plong	+0.0050%	1h	73.780	long leg	$66K	$141K	10x
KuCoin NFLXUSDTM	+0.0100%	8h	73.790	+0.014%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.838	+0.079%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0126%	8h	73.857	+0.104%	$83K	$140K	—	as long as short
Binance NFLXUSDT	+0.0134%	8h	73.830	+0.068%	$5.4M	$5.7M	20x	as long as short
Phoenix NFLX	+0.0206%	1h	73.811	+0.042%	$12K	$76K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0209%	8h	73.864	+0.114%	$397	$138K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.210	+6.004%	$87K	$113K	12x	as long as short
BloFin NFLX-USDT	+0.0254%	8h	73.890	+0.149%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0280%	8h	73.850	+0.095%	$1.3M	$890K	50x	as long as short