Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%

Price spread now: Bitget against QFEX+0.027%56s7-day average +0.242% · 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—prices read too far apart to compare

costs, in and out, $10k−$610.613% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 7 days+0.042%+$4 · spread now +0.027%, 7d avg +0.242%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.215% cheaper against QFEX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.242%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.740	0	get 0.0000% / 1h	0m 45s	$1.1M	$1.4M	10x
Short	Bitget NFLXUSDT	73.760	0	get 0.0000% / 8h	3h 00m	$4.3M	$574K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.242%: −$21.52
Slippage, 4 orders: −$39.26
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$82.78
Costs to cover: 0.613%
Break-even: never at this rate

Slippage from QFEX: live order book, 1 min ago; Bitget: live order book, 2 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, 1 min ago	1.36 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	7.45 bp	19.0 bp −$19	64.7 bp −$647	doesn't fit	doesn't fit

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	73.742	+0.003%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.780	+0.054%	$881K	$820K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.740	long leg	$1.1M	$1.4M	10x
Bitget NFLXUSDTshort	0.0000%	8h	73.760	+0.027%	$4.3M	$574K	50x
SunX NFLX-USDT	0.0000%	8h	73.802	+0.084%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.711	−0.039%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.770	+0.041%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.740	0.000%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.710	−0.041%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.718	−0.030%	$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	73.760	+0.027%	$65K	$140K	10x	as long as short
Gate NFLX_USDT	+0.0063%	8h	73.820	+0.108%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.730	−0.014%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.791	+0.070%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0128%	8h	73.777	+0.050%	$97K	$131K	—	as long as short
Binance NFLXUSDT	+0.0132%	8h	73.787	+0.063%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0163%	8h	73.770	+0.040%	$441	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.150	+5.980%	$87K	$100K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.761	+0.028%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0253%	8h	73.770	+0.041%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0339%	8h	73.820	+0.108%	$1.3M	$884K	50x	as long as short