Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.008%

Price spread now: Bitget against tradeXYZ+0.054%7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$640.638% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.054%, 7d avg +0.149%

Together, before fees−0.092%+ Points / potential airdroptradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.095% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.149%). If the spread goes back, that is −$9 on $10k: about 12 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.129%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.460	0.0050	pay 0.0006% / 1h	52m 29s	$5.0M	$3.0M	10x
Short	Bitget NFLXUSDT	73.500	0.0077	get 0.0077% / 8h	7h 52m	$4.3M	$580K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.054%Rate

Funding earned: $5.67
Price spread: +0.054% → +0.149%: −$9.46
Slippage, 4 orders: −$33.82
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$67.6
Costs to cover: 0.638%
Break-even: 90.5 days

Slippage from tradeXYZ: live order book, 5 min ago; Bitget: live order book, just now.

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, 5 min ago	1.16 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, just now	8.84 bp	17.2 bp −$17	27.8 bp −$278	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	73.463	+0.004%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.550	+0.123%	$885K	$964K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.470	+0.014%	$1.1M	$1.5M	10x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.513	+0.072%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.534	+0.101%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.520	+0.082%	$1.4M	$331K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.450	−0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.466	+0.008%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLXlong	+0.0050%	1h	73.460	long leg	$5.0M	$3.0M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.430	−0.041%	$64K	$185K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NFLXUSDTshort	+0.0077%	8h	73.500	+0.054%	$4.3M	$580K	50x
KuCoin NFLXUSDTM	+0.0100%	8h	73.470	+0.014%	$152K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.516	+0.076%	$225	—	10x	as long as short
Gate NFLX_USDT	+0.0145%	8h	73.530	+0.095%	$1.3M	$1.2M	25x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.160	+0.953%	$83K	$69K	12x	as long as short
Variational Omni NFLX	+0.0225%	8h	73.500	+0.055%	$94K	$139K	—	as long as short
Phoenix NFLX	+0.0229%	1h	73.469	+0.012%	$12K	$77K	10x	as long as short
Binance NFLXUSDT	+0.0231%	8h	73.516	+0.076%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0371%	8h	73.511	+0.069%	$603	$155K	10x	as long as short
BloFin NFLX-USDT	+0.0384%	8h	73.520	+0.082%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0796%	8h	73.570	+0.150%	$1.3M	$921K	50x	as long as short