Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against SunX−0.025%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.025% cheaper against SunX than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NFLX-USDT	73.513	0	get 0.0000% / 8h	7h 06m	$1K	$4.9M	10x
Short	Aevo NFLX-PERP	73.495	0.0104	get 0.0013% / 1h	6m 26s	$225	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.025%Rate

Funding earned: $21.84
Price spread: −0.025% → 0.000%: −$2.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.62
Costs to cover: 0.240%
Break-even: 8.5 days

Slippage unknown: SunX: live order book, 12 min ago; Aevo: no order-book sample. Net counts fees only.

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 SunX live order book, 12 min ago	45.17 bp	123.4 bp −$123	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	73.457	−0.076%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.500	−0.018%	$883K	$947K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.420	−0.127%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.500	−0.018%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.490	−0.031%	$4.3M	$569K	50x	as long as short
SunX NFLX-USDTlong	0.0000%	8h	73.513	long leg	$1K	$4.9M	10x
HTX NFLX-USDT	0.0000%	8h	73.493	−0.027%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.500	−0.018%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.420	−0.127%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.403	−0.149%	$16K	$29K	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	73.407	−0.144%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.430	−0.113%	$64K	$151K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.450	−0.086%	$151K	$37K	20x	as long as short
Aevo NFLX-PERPshort	+0.0104%	1h	73.495	−0.025%	$225	—	10x
Variational Omni NFLX	+0.0216%	8h	73.498	−0.021%	$94K	$139K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.160	+0.880%	$83K	$74K	12x	as long as short
Binance NFLXUSDT	+0.0223%	8h	73.509	−0.005%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0229%	1h	73.451	−0.084%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0237%	8h	73.500	−0.018%	$550	$150K	10x	as long as short
BloFin NFLX-USDT	+0.0370%	8h	73.500	−0.018%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0485%	8h	73.470	−0.058%	$1.3M	$906K	50x	as long as short