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: QFEX against SunX−0.098%7-day average −0.321% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2792.786% of the position

Long on SunX Short on QFEX

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)−0.074%−$7 · spread now −0.098%, 7d avg −0.321%

Together, before fees−0.074%−$7 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: QFEX is 0.223% dearer against SunX than usual: you sell high and buy low, +$22 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	SunX NFLX-USDT	73.572	0	get 0.0000% / 8h	1h 19m	$1K	$5.0M	10x
Short	QFEX NFLX-USD	73.500	0	get 0.0000% / 1h	19m 52s	$1.1M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → −0.321%: $22.31
Slippage, 4 orders: −$260.57
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$256.26
Costs to cover: 2.786%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; QFEX: live order book, 2 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, 8 min ago	45.25 bp	123.4 bp −$123	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	2.72 bp	14.5 bp −$15	21.5 bp −$215	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	73.510	−0.084%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.600	+0.038%	$874K	$995K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.500	−0.098%	$1.1M	$1.5M	10x
Gate NFLX_USDT	0.0000%	8h	73.600	+0.038%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDTlong	0.0000%	8h	73.572	long leg	$1K	$5.0M	10x
HTX NFLX-USDT	0.0000%	8h	73.570	−0.003%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.580	+0.011%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.470	−0.139%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.468	−0.141%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.480	−0.125%	$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	73.480	−0.125%	$68K	$169K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.500	−0.098%	$152K	$13K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.575	+0.004%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0145%	8h	73.560	−0.016%	$4.2M	$616K	50x	as long as short
Variational Omni NFLX	+0.0200%	8h	73.596	+0.032%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0201%	8h	73.576	+0.005%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.230	+0.894%	$83K	$60K	12x	as long as short
Phoenix NFLX	+0.0272%	1h	73.532	−0.054%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0330%	8h	73.561	−0.015%	$828	$157K	10x	as long as short
BloFin NFLX-USDT	+0.0334%	8h	73.610	+0.052%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0354%	8h	73.570	−0.003%	$1.3M	$995K	50x	as long as short