Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.026%

Price spread now: GRVT against Phoenix0.000%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NFLX	73.560	0.0250	pay 0.0031% / 1h	50m 08s	$12K	$77K	10x
Short	GRVT NFLX_USDT_Perp	73.560	0.0232	get 0.0232% / 8h	3h 50m	$668	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phoenix. 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 PhoenixbpFee GRVTbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$3.81
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$19.81
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; GRVT: live order book, 2 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 Phoenix no order-book sample	—	—	—	—	—
Sell GRVT live order book, 2 min ago	2.04 bp	14.9 bp −$15	40.3 bp −$403	doesn't fit	doesn't fit

Phoenix: 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	73.521	−0.052%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.580	+0.027%	$879K	$816K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.500	−0.082%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.600	+0.054%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.561	+0.001%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.455	−0.143%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.570	+0.014%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.490	−0.095%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.499	−0.083%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.510	−0.068%	$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.P	+0.0050%	1h	73.510	−0.068%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0061%	8h	73.620	+0.082%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	−0.041%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.561	+0.002%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0181%	8h	73.552	−0.011%	$94K	$129K	—	as long as short
Binance NFLXUSDT	+0.0188%	8h	73.560	0.000%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.240	+0.924%	$83K	$94K	12x	as long as short
GRVT NFLX_USDT_Perpshort	+0.0232%	8h	73.560	0.000%	$668	$143K	10x
Phoenix NFLXlong	+0.0250%	1h	73.560	long leg	$12K	$77K	10x
BloFin NFLX-USDT	+0.0311%	8h	73.560	0.000%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0377%	8h	73.610	+0.068%	$1.3M	$875K	50x	as long as short