Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Phemex−0.122%7-day average −0.182% · you buy dearer than you sell

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

Long on Phemex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)−0.147%−$15 · spread now −0.122%, 7d avg −0.182%

Together, before fees−0.112%+ Points / potential airdropOndo Perps: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.060% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.182%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NFLXUSDT	73.640	0	get 0.0000% / 8h	3h 20m	$1.4M	$325K	10x
Short	Ondo Perps NFLX-USD.P	73.550	0.0050	get 0.0006% / 1h	20m 27s	$65K	$139K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.122%Rate

Funding earned: $10.58
Price spread: −0.122% → −0.182%: $6
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$0.42
Costs to cover: 0.170%
Break-even: 7.3 days

Slippage unknown: Phemex: live order book, 2 min ago; Ondo Perps: 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, 2 min ago	2.04 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	73.586	−0.073%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.650	+0.014%	$880K	$816K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.540	−0.136%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.640	0.000%	$4.3M	$565K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.641	+0.001%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.629	−0.015%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.640	long leg	$1.4M	$325K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	−0.136%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.553	−0.118%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.561	−0.107%	$4.9M	$2.9M	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.Pshort	+0.0050%	1h	73.550	−0.122%	$65K	$139K	10x
Gate NFLX_USDT	+0.0100%	8h	73.690	+0.068%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.580	−0.081%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.635	−0.007%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0157%	8h	73.637	−0.004%	$96K	$132K	—	as long as short
Binance NFLXUSDT	+0.0162%	8h	73.630	−0.014%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0186%	8h	73.609	−0.042%	$481	$143K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.960	+5.866%	$87K	$98K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.569	−0.096%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0281%	8h	73.650	+0.014%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0366%	8h	73.670	+0.041%	$1.3M	$884K	50x	as long as short