Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.061%

Price spread now: OKX against QFEX+0.135%7-day average +0.219% · 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−$77as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.092%+$9 on $10k

Price spread, last 7 days−0.062%−$6 · spread now +0.135%, 7d avg +0.219%

Together, before fees+0.030%+$3 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: OKX is 0.083% cheaper against QFEX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.219%.

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	17m 28s	$1.1M	$1.4M	10x
Short	OKX NFLX-USDT-SWAP	73.950	0	get 0.0000% / 8h	17m 28s	$878K	$833K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → +0.219%: −$8.32
Slippage, 4 orders: −$48.99
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.32
Costs to cover: 0.690%
Break-even: never at this rate

Slippage from QFEX: live order book, 9 min ago; OKX: live order book, 19 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, 9 min ago	2.71 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 19 min ago	3.38 bp	19.0 bp −$19	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	73.875	+0.034%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPshort	0.0000%	8h	73.950	+0.135%	$878K	$833K	20x
QFEX NFLX-USDlong	0.0000%	1h	73.850	long leg	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.950	+0.135%	$4.2M	$596K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.949	+0.134%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.891	+0.056%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.950	+0.135%	$1.4M	$345K	10x	as long as short
Gate NFLX_USDT	+0.0016%	8h	73.970	+0.162%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.870	+0.027%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.879	+0.040%	$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	73.871	+0.028%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.870	+0.027%	$66K	$142K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.860	+0.014%	$151K	$42K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.945	+0.128%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0114%	8h	73.917	+0.091%	$83K	$119K	—	as long as short
Binance NFLXUSDT	+0.0122%	8h	73.948	+0.132%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0203%	8h	73.940	+0.122%	$325	$136K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.590	+1.002%	$83K	$117K	12x	as long as short
BloFin NFLX-USDT	+0.0241%	8h	73.940	+0.122%	$47K	$77K	20x	as long as short
Bybit NFLXUSDT	+0.0245%	8h	73.900	+0.068%	$1.3M	$886K	50x	as long as short
Phoenix NFLX	+0.0249%	1h	73.899	+0.066%	$12K	$77K	10x	as long as short