Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.028%

Price spread now: Extended against Phemex−0.133%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.133% cheaper against Phemex than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 9.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NFLXUSDT	73.560	0	get 0.0000% / 8h	1h 15m	$1.4M	$328K	10x
Short	Extended NFLX-USD	73.462	0.0048	get 0.0006% / 1h	15m 03s	$16K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phemex. 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 PhemexbpFee ExtendedbpOrdersPrice spread, now −0.133%Rate

Funding earned: $10.08
Price spread: −0.133% → 0.000%: −$13.34
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$20.26
Costs to cover: 0.170%
Break-even: 21.1 days

Slippage unknown: Phemex: live order book, 3 min ago; Extended: no order-book sample. 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 Phemex live order book, 3 min ago	1.36 bp	48.6 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	73.492	−0.092%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.600	+0.054%	$874K	$995K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.460	−0.136%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.580	+0.027%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.557	−0.004%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.558	−0.003%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.560	long leg	$1.4M	$328K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.460	−0.136%	—	$21K	25x	as long as short
Extended NFLX-USDshort	+0.0048%	1h	73.462	−0.133%	$16K	$29K	10x
tradeXYZ xyz:NFLX	+0.0050%	1h	73.450	−0.150%	$5.1M	$3.1M	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.P	+0.0050%	1h	73.430	−0.177%	$68K	$169K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.480	−0.109%	$152K	$13K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.557	−0.005%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0142%	8h	73.560	0.000%	$4.2M	$612K	50x	as long as short
Binance NFLXUSDT	+0.0200%	8h	73.543	−0.023%	$5.4M	$5.4M	20x	as long as short
Variational Omni NFLX	+0.0200%	8h	73.561	+0.001%	$120K	$106K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.880	+5.873%	$87K	$60K	12x	as long as short
Phoenix NFLX	+0.0272%	1h	73.537	−0.031%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0327%	8h	73.579	+0.026%	$575	$158K	10x	as long as short
BloFin NFLX-USDT	+0.0333%	8h	73.560	0.000%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0358%	8h	73.550	−0.014%	$1.3M	$994K	50x	as long as short