Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against QFEX+0.041%7-day average +0.217% · 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−$271as in the Price arb table

costs, in and out, $10k−$2542.537% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.041%, 7d avg +0.217%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.177% cheaper against QFEX than usual: you would sell low and buy high (spread +0.041% now, against its 7-day average of +0.217%). If the spread goes back, that is −$18 on $10k: about 5.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.780	0	get 0.0000% / 1h	49m 50s	$1.1M	$1.4M	10x
Short	KuCoin NFLXUSDTM	73.810	0.0100	get 0.0100% / 8h	49m 50s	$152K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $21
Price spread: +0.041% → +0.217%: −$17.66
Slippage, 4 orders: −$231.67
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$250.34
Costs to cover: 2.537%
Break-even: 90.4 days

Slippage from QFEX: live order book, 2 min ago; KuCoin: live order book, 51 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, 2 min ago	2.03 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	25.03 bp	133.7 bp −$134	doesn't fit	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	73.869	+0.121%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.870	+0.122%	$876K	$832K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.780	long leg	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.900	+0.163%	$4.2M	$595K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.861	+0.110%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.882	+0.138%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.880	+0.136%	$1.4M	$348K	10x	as long as short
Gate NFLX_USDT	+0.0028%	8h	73.910	+0.176%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.800	+0.027%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.782	+0.002%	$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	73.792	+0.016%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.750	−0.041%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTMshort	+0.0100%	8h	73.810	+0.041%	$152K	$38K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.865	+0.116%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0117%	8h	73.851	+0.097%	$83K	$140K	—	as long as short
Binance NFLXUSDT	+0.0123%	8h	73.882	+0.139%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0199%	8h	73.840	+0.081%	$377	$137K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.200	+5.991%	$87K	$114K	12x	as long as short
BloFin NFLX-USDT	+0.0244%	8h	73.890	+0.149%	$47K	$81K	20x	as long as short
Phoenix NFLX	+0.0249%	1h	73.833	+0.072%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0265%	8h	73.880	+0.136%	$1.3M	$890K	50x	as long as short