Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h +0.057%

Price spread now: Binance against tradeXYZ+0.095%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 2 days (all we have)+0.112%+$11 · spread now +0.095%, 7d avg +0.132%

Together, before fees+0.194%+ Points / potential airdroptradeXYZ: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.037% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.095% now, against its 7-day average of +0.132%). If the spread goes back, that is −$4 on $10k: about 18 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.082% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.520	0.0050	pay 0.0006% / 1h	38m 16s	$5.0M	$2.9M	10x
Short	Binance NFLXUSDT	73.590	0.0213	get 0.0213% / 8h	6h 38m	$5.5M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.095%Rate

Funding earned: $34.26
Price spread: +0.095% → +0.132%: −$3.67
Slippage, 4 orders: −$12.65
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.07
Costs to cover: 0.407%
Break-even: 9.1 days

Slippage from tradeXYZ: live order book, 9 min ago; Binance: live order book, 15 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 tradeXYZ live order book, 9 min ago	1.63 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.68 bp	7.4 bp −$7	28.3 bp −$283	161.2 bp −$16.1K	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
QFEX NFLX-USD	0.0000%	1h	73.530	+0.014%	$1.1M	$1.5M	10x	as long as short
Aster NFLXUSDT	0.0000%	8h	73.532	+0.016%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.570	+0.068%	$882K	$869K	20x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.630	+0.150%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.600	+0.109%	$4.3M	$545K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.583	+0.086%	$1K	$4.8M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.541	+0.029%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.580	+0.082%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.520	0.000%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.531	+0.015%	$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:NFLXlong	+0.0050%	1h	73.520	long leg	$5.0M	$2.9M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.480	−0.054%	$64K	$142K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.560	+0.054%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.599	+0.108%	$225	—	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0161%	8h	73.580	+0.082%	$495	$149K	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.542	+0.030%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0209%	8h	73.569	+0.066%	$94K	$130K	—	as long as short
Bybit NFLXUSDT	+0.0210%	8h	73.610	+0.122%	$1.3M	$898K	50x	as long as short
Binance NFLXUSDTshort	+0.0213%	8h	73.590	+0.095%	$5.5M	$5.4M	20x
Injective NFLX/USDC PERP	+0.0220%	1h	77.920	+5.985%	$87K	$77K	12x	as long as short
BloFin NFLX-USDT	+0.0365%	8h	73.520	0.000%	$47K	$82K	20x	as long as short