Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: tradeXYZ against Ondo Perps+0.056%7-day average +0.036% · you sell dearer than you buy

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

Long on Ondo Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.056%, 7d avg +0.036%

Together, before fees+0.132%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NFLX-USD.P	73.520	0.0050	pay 0.0006% / 1h	48m 12s	$64K	$143K	10x
Short	tradeXYZ xyz:NFLX	73.561	0.0050	get 0.0006% / 1h	48m 12s	$4.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$0.08
Price spread: +0.056% → +0.036%: $1.93
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.15
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	0.48 bp	14.2 bp −$14	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 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	73.576	+0.076%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.630	+0.150%	$880K	$864K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.520	0.000%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.710	+0.258%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.650	+0.177%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.638	+0.161%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.680	+0.218%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.640	+0.163%	$1.4M	$325K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.530	+0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.560	+0.054%	$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:NFLXshort	+0.0050%	1h	73.561	+0.056%	$4.9M	$2.9M	10x
Ondo Perps NFLX-USD.Plong	+0.0050%	1h	73.520	long leg	$64K	$143K	10x
KuCoin NFLXUSDTM	+0.0100%	8h	73.580	+0.082%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.630	+0.150%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.634	+0.155%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0203%	8h	73.626	+0.144%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0214%	8h	73.646	+0.171%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.950	+6.026%	$87K	$82K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0241%	8h	73.663	+0.194%	$275	$144K	10x	as long as short
Bybit NFLXUSDT	+0.0297%	8h	73.640	+0.163%	$1.3M	$896K	50x	as long as short