Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.024%

Price spread now: Gate against tradeXYZ+0.204%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1161.159% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 7 days−0.129%−$13 · spread now +0.204%, 7d avg +0.116%

Together, before fees−0.272%+ Points / potential airdroptradeXYZ: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.088% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.204% now, against its 7-day average of +0.116%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.540	0.0050	pay 0.0006% / 1h	28m 08s	$4.9M	$2.9M	10x
Short	Gate NFLX_USDT	73.690	0	get 0.0000% / 8h	5h 28m	$1.4M	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.204%Rate

Funding earned: −$10.5
Price spread: +0.204% → +0.116%: $8.84
Slippage, 4 orders: −$82.92
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$117.58
Costs to cover: 1.159%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Gate: live order book, 4 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, 10 min ago	1.36 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.04 bp	77.3 bp −$77	doesn't fit	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	73.569	+0.040%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.630	+0.122%	$880K	$861K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.540	0.000%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDTshort	0.0000%	8h	73.690	+0.204%	$1.4M	$1.1M	25x
Bitget NFLXUSDT	0.0000%	8h	73.640	+0.136%	$4.3M	$543K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.601	+0.083%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.627	+0.118%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.620	+0.109%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	0.000%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.534	−0.009%	$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	73.540	long leg	$4.9M	$2.9M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.530	−0.014%	$65K	$144K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.560	+0.027%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.602	+0.085%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.588	+0.065%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0207%	8h	73.635	+0.129%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0212%	8h	73.605	+0.089%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.910	+5.942%	$87K	$84K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0258%	8h	73.630	+0.122%	$658	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0352%	8h	73.660	+0.163%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0355%	8h	73.660	+0.163%	$1.3M	$891K	50x	as long as short