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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.061%

Price spread now: OKX against SunX−0.058%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$2952.952% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.058%, 7d avg −0.018%

Together, before fees+0.144%+$14 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 0.040% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NFLX-USDT	73.523	0	get 0.0000% / 8h	7h 32m	$1K	$4.9M	10x
Short	OKX NFLX-USDT-SWAP	73.480	0	get 0.0000% / 8h	7h 32m	$884K	$951K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.018%: −$4.03
Slippage, 4 orders: −$277.2
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$299.23
Costs to cover: 2.952%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; OKX: live order book, 29 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 SunX live order book, 6 min ago	46.19 bp	124.8 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 29 min ago	1.36 bp	14.4 bp −$14	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	73.474	−0.066%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPshort	0.0000%	8h	73.480	−0.058%	$884K	$951K	20x
QFEX NFLX-USD	0.0000%	1h	73.470	−0.072%	$1.1M	$1.5M	10x	as long as short
SunX NFLX-USDTlong	0.0000%	8h	73.523	long leg	$1K	$4.9M	10x
HTX NFLX-USDT	0.0000%	8h	73.526	+0.004%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.530	+0.010%	$1.4M	$329K	10x	as long as short
Bitget NFLXUSDT	+0.0036%	8h	73.550	+0.037%	$4.3M	$573K	50x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.460	−0.086%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.448	−0.102%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.444	−0.107%	$5.0M	$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	73.470	−0.072%	$64K	$178K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.460	−0.086%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.509	−0.018%	$225	—	10x	as long as short
Gate NFLX_USDT	+0.0171%	8h	73.540	+0.023%	$1.3M	$1.2M	25x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.170	+0.880%	$83K	$71K	12x	as long as short
Variational Omni NFLX	+0.0221%	8h	73.504	−0.026%	$94K	$139K	—	as long as short
Binance NFLXUSDT	+0.0226%	8h	73.530	+0.010%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0229%	1h	73.470	−0.072%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0287%	8h	73.517	−0.008%	$877	$152K	10x	as long as short
BloFin NFLX-USDT	+0.0376%	8h	73.490	−0.045%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0485%	8h	73.550	+0.037%	$1.3M	$919K	50x	as long as short