Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex−0.108%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 Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Vest is 0.108% cheaper against Phemex than usual: you would sell low and buy high (spread −0.108% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 7.9 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	73.910	0	get 0.0000% / 8h	36m 17s	$1.4M	$345K	10x
Short	Vest NFLX-USD-PERP	73.830	0.0046	get 0.0006% / 1h	36m 17s	—	$21K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.108%Rate

Funding earned: $9.59
Price spread: −0.108% → 0.000%: −$10.82
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$15.23
Costs to cover: 0.140%
Break-even: 18.1 days

Slippage unknown: Phemex: live order book, 1 min ago; Vest: 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, 1 min ago	1.35 bp	50.8 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	73.958	+0.065%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.930	+0.027%	$877K	$831K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.820	−0.122%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.900	−0.014%	$4.2M	$596K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.921	+0.015%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.853	−0.077%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.910	long leg	$1.4M	$345K	10x
Gate NFLX_USDT	+0.0029%	8h	73.930	+0.027%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERPshort	+0.0046%	1h	73.830	−0.108%	—	$21K	25x
Extended NFLX-USD	+0.0048%	1h	73.830	−0.108%	$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	73.836	−0.100%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.740	−0.230%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.840	−0.095%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.903	−0.010%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0119%	8h	73.861	−0.067%	$83K	$120K	—	as long as short
Binance NFLXUSDT	+0.0126%	8h	73.920	+0.014%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0210%	8h	73.864	−0.062%	$341	$136K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.510	+0.812%	$83K	$116K	12x	as long as short
BloFin NFLX-USDT	+0.0246%	8h	73.880	−0.041%	$47K	$77K	20x	as long as short
Phoenix NFLX	+0.0249%	1h	73.837	−0.099%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0252%	8h	73.900	−0.014%	$1.3M	$889K	50x	as long as short