Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against QFEX+0.109%7-day average +0.306% · 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−$140as in the Price arb table

costs, in and out, $10k−$1211.206% of the position

Long on QFEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.109%, 7d avg +0.306%

Together, before fees+0.086%+$9 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: Phemex is 0.197% cheaper against QFEX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.306%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.500	0	get 0.0000% / 1h	16m 47s	$1.1M	$1.4M	10x
Short	Phemex NFLXUSDT	73.580	0	get 0.0000% / 8h	4h 16m	$1.4M	$324K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.306%: −$19.69
Slippage, 4 orders: −$98.63
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$140.32
Costs to cover: 1.206%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Phemex: live order book, 1 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, 5 min ago	2.72 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	2.04 bp	46.0 bp −$46	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	73.542	+0.057%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.550	+0.068%	$879K	$830K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.500	long leg	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.150%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.560	+0.082%	$821	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.479	−0.029%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.580	+0.109%	$1.4M	$324K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.500	0.000%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.493	−0.009%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.505	+0.007%	$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	73.460	−0.054%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0061%	8h	73.630	+0.177%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	+0.041%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.553	+0.073%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0187%	8h	73.551	+0.070%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0194%	8h	73.550	+0.068%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.870	+5.946%	$87K	$91K	12x	as long as short
Phoenix NFLX	+0.0239%	1h	73.564	+0.087%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0260%	8h	73.580	+0.109%	$614	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0322%	8h	73.580	+0.109%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0378%	8h	73.600	+0.136%	$1.3M	$875K	50x	as long as short