Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against SunX−0.058%7-day average −0.188% · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 3 days (all we have)−0.200%−$20 · spread now −0.058%, 7d avg −0.188%

Together, before fees−0.164%+ Points / potential airdropOndo Perps: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.130% dearer against SunX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.188%.

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 34m	$2K	$5.0M	10x
Short	Ondo Perps NFLX-USD.P	73.470	0.0050	get 0.0006% / 1h	34m 57s	$64K	$178K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.058%Rate

Funding earned: $10.58
Price spread: −0.058% → −0.188%: $12.97
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $10.55
Costs to cover: 0.130%
Break-even: 0.0 days

Slippage unknown: SunX: live order book, 4 min ago; Ondo Perps: 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, 4 min ago	46.19 bp	124.8 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	73.455	−0.078%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.500	−0.018%	$884K	$960K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.460	−0.072%	$1.1M	$1.5M	10x	as long as short
SunX NFLX-USDTlong	0.0000%	8h	73.513	long leg	$2K	$5.0M	10x
HTX NFLX-USDT	0.0000%	8h	73.454	−0.080%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.510	−0.004%	$1.4M	$330K	10x	as long as short
Bitget NFLXUSDT	+0.0043%	8h	73.540	+0.037%	$4.3M	$578K	50x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.460	−0.072%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.416	−0.132%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.420	−0.127%	$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.Pshort	+0.0050%	1h	73.470	−0.058%	$64K	$178K	10x
KuCoin NFLXUSDTM	+0.0100%	8h	73.450	−0.086%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.501	−0.016%	$225	—	10x	as long as short
Gate NFLX_USDT	+0.0150%	8h	73.530	+0.023%	$1.3M	$1.2M	25x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.160	+0.880%	$83K	$71K	12x	as long as short
Variational Omni NFLX	+0.0221%	8h	73.504	−0.013%	$94K	$139K	—	as long as short
Binance NFLXUSDT	+0.0227%	8h	73.510	−0.004%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0229%	1h	73.475	−0.052%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0265%	8h	73.507	−0.008%	$887	$152K	10x	as long as short
BloFin NFLX-USDT	+0.0377%	8h	73.520	+0.010%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0523%	8h	73.540	+0.037%	$1.3M	$919K	50x	as long as short