Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against QFEX+0.124%7-day average +0.321% · 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−$296as in the Price arb table

costs, in and out, $10k−$2762.765% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.124%, 7d avg +0.321%

Together, before fees+0.048%+$5 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: SunX 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 +0.321%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.460	0	get 0.0000% / 1h	8m 14s	$1.1M	$1.5M	10x
Short	SunX NFLX-USDT	73.551	0	get 0.0000% / 8h	1h 08m	$2K	$5.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.124%Rate

Funding earned: $0
Price spread: +0.124% → +0.321%: −$19.71
Slippage, 4 orders: −$258.45
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$296.16
Costs to cover: 2.765%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; SunX: live order book, 10 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, 8 min ago	2.72 bp	10.4 bp −$10	17.5 bp −$175	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	45.93 bp	128.4 bp −$128	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	73.484	+0.033%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.520	+0.082%	$873K	$990K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.460	long leg	$1.1M	$1.5M	10x
Gate NFLX_USDT	0.0000%	8h	73.570	+0.150%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDTshort	0.0000%	8h	73.551	+0.124%	$2K	$5.0M	10x
HTX NFLX-USDT	0.0000%	8h	73.556	+0.131%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.550	+0.123%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.460	0.000%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.468	+0.011%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.466	+0.008%	$5.1M	$3.1M	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	73.380	−0.109%	$68K	$169K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.480	+0.027%	$152K	$13K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.553	+0.126%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0142%	8h	73.600	+0.191%	$4.2M	$611K	50x	as long as short
Binance NFLXUSDT	+0.0196%	8h	73.550	+0.123%	$5.4M	$5.4M	20x	as long as short
Variational Omni NFLX	+0.0197%	8h	73.540	+0.109%	$120K	$106K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.200	+1.007%	$83K	$61K	12x	as long as short
Phoenix NFLX	+0.0272%	1h	73.503	+0.059%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0324%	8h	73.567	+0.145%	$569	$157K	10x	as long as short
BloFin NFLX-USDT	+0.0327%	8h	73.530	+0.095%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0366%	8h	73.560	+0.136%	$1.3M	$994K	50x	as long as short