Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0323%/8h= +35.4% APRpaid last 24h +0.082%

Price spread now: GRVT against QFEX+0.169%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−$80as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.169%, 7d avg +0.312%

Together, before fees+0.099%+ Points / potential airdropGRVT: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.143% cheaper against QFEX than usual: you would sell low and buy high (spread +0.169% now, against its 7-day average of +0.312%). If the spread goes back, that is −$14 on $10k: about 35 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.850	0	get 0.0000% / 1h	27m 18s	$1.1M	$1.4M	10x
Short	GRVT NFLX_USDT_Perp	73.975	0.0323	get 0.0323% / 8h	5h 27m	$257	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.169%Rate

Funding earned: $67.83
Price spread: +0.169% → +0.312%: −$14.27
Slippage, 4 orders: −$46.33
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$11.77
Costs to cover: 0.653%
Break-even: 8.2 days

Slippage from QFEX: live order book, 7 min ago; GRVT: live order book, 16 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, 7 min ago	1.35 bp	11.8 bp −$12	19.2 bp −$192	doesn't fit	doesn't fit
Sell GRVT live order book, 16 min ago	2.03 bp	15.7 bp −$16	43.3 bp −$433	doesn't fit	doesn't fit

NFLX on 21 exchanges

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	73.927	+0.104%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.970	+0.162%	$883K	$770K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.850	long leg	$1.1M	$1.4M	10x
Gate NFLX_USDT	0.0000%	8h	74.020	+0.230%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.930	+0.108%	$4.2M	$621K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.989	+0.188%	$2K	$4.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	74.002	+0.206%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.980	+0.176%	$1.4M	$347K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.860	+0.014%	—	$21K	25x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.880	+0.041%	$64K	$127K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NFLX-USD	+0.0088%	1h	73.892	+0.056%	$12K	$19K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0089%	1h	73.900	+0.068%	$5.0M	$2.9M	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.930	+0.108%	$152K	$202K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.991	+0.191%	$226	—	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.280	+5.999%	$87K	$135K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	73.898	+0.065%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0273%	8h	73.978	+0.173%	$76K	$120K	—	as long as short
Binance NFLXUSDT	+0.0273%	8h	74.000	+0.203%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perpshort	+0.0323%	8h	73.975	+0.169%	$257	$114K	10x
Bybit NFLXUSDT	+0.0365%	8h	74.030	+0.244%	$1.3M	$715K	50x	as long as short
BloFin NFLX-USDT	+0.0405%	8h	74.000	+0.203%	$48K	$82K	20x	as long as short