Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0214%/8h= +23.5% APRpaid last 24h +0.084%

Price spread now: Binance against QFEX+0.149%7-day average +0.312% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.146%+$15 on $10k

Price spread, last 2 days (all we have)+0.566%+$57 · spread now +0.149%, 7d avg +0.312%

Together, before fees+0.713%+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.163% cheaper against QFEX than usual: you would sell low and buy high (spread +0.149% now, against its 7-day average of +0.312%). If the spread goes back, that is −$16 on $10k: about 2.5 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.580	0.0000	get 0.0000% / 1h	3m 21s	$1.1M	$1.4M	10x
Short	Binance NFLXUSDT	73.690	0.0214	get 0.0214% / 8h	6h 03m	$5.5M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.149%Rate

Funding earned: $45.02
Price spread: +0.149% → +0.312%: −$16.33
Slippage, 4 orders: −$16.81
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.12
Costs to cover: 0.368%
Break-even: 8.3 days

Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 5 min ago.

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 QFEX live order book, 3 min ago	1.36 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.36 bp	11.5 bp −$11	34.8 bp −$348	182.7 bp −$18.3K	doesn't fit

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
QFEX NFLX-USDlong	0.0000%	1h	73.580	long leg	$1.1M	$1.4M	10x
Aster NFLXUSDT	0.0000%	8h	73.607	+0.036%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.700	+0.163%	$881K	$869K	20x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.700	+0.163%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.670	+0.122%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.693	+0.154%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.690	+0.149%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.700	+0.163%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.580	0.000%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.586	+0.009%	$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:NFLX	+0.0050%	1h	73.593	+0.018%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.590	+0.014%	$64K	$143K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.620	+0.054%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.674	+0.127%	$225	—	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.681	+0.137%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0207%	8h	73.662	+0.112%	$94K	$130K	—	as long as short
Binance NFLXUSDTshort	+0.0214%	8h	73.690	+0.149%	$5.5M	$5.4M	20x
Injective NFLX/USDC PERP	+0.0220%	1h	77.990	+5.993%	$87K	$80K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0242%	8h	73.673	+0.127%	$337	$146K	10x	as long as short
Bybit NFLXUSDT	+0.0255%	8h	73.640	+0.082%	$1.3M	$899K	50x	as long as short