Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0292%/8h= +31.9% APRpaid last 24h +0.076%

Price spread now: BloFin against tradeXYZ+0.139%88s7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.177%+$18 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.139% dearer against tradeXYZ than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.428	0.0050	pay 0.0006% / 1h	13m 35s	$5.0M	$3.0M	10x
Short	BloFin NFLX-USDT	73.530	0.0342	get 0.0342% / 8h	13m 35s	$46K	$82K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.139%Rate

Funding earned: $61.22
Price spread: +0.139% → 0.000%: $13.89
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: $45.11
Costs to cover: 0.300%
Break-even: 1.8 days

Slippage unknown: tradeXYZ: live order book, 5 min ago; BloFin: 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 tradeXYZ live order book, 5 min ago	1.70 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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	73.440	+0.016%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.470	+0.057%	$872K	$989K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.450	+0.030%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.540	+0.153%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.498	+0.095%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.458	+0.041%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.510	+0.112%	$1.4M	$333K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.440	+0.016%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.429	+0.001%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLXlong	+0.0050%	1h	73.428	long leg	$5.0M	$3.0M	10x

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	73.440	+0.016%	$71K	$186K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.450	+0.030%	$152K	$37K	20x	as long as short
Bitget NFLXUSDT	+0.0103%	8h	73.490	+0.084%	$4.3M	$689K	50x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.496	+0.092%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0202%	8h	73.484	+0.077%	$90K	$136K	—	as long as short
Binance NFLXUSDT	+0.0205%	8h	73.509	+0.110%	$5.4M	$5.5M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.453	+0.034%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.820	+5.981%	$87K	$67K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0302%	8h	73.510	+0.112%	$809	$155K	10x	as long as short
BloFin NFLX-USDTshort	+0.0342%	8h	73.530	+0.139%	$46K	$82K	20x
Bybit NFLXUSDT	+0.0405%	8h	73.550	+0.166%	$1.3M	$969K	50x	as long as short