Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.023%

Price spread now: HTX against tradeXYZ−0.082%49s7-day average — · you buy dearer than you sell

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

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.082% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.499	0.0050	pay 0.0006% / 1h	8m 25s	$4.9M	$2.9M	10x
Short	HTX NFLX-USDT	73.439	0	get 0.0000% / 8h	4h 08m	$10K	$52K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$10.5
Price spread: −0.082% → 0.000%: −$8.16
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.66
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 min ago; HTX: 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, 9 min ago	1.16 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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	73.506	+0.009%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.540	+0.056%	$879K	$820K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.500	+0.001%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.151%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.541	+0.057%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDTshort	0.0000%	8h	73.439	−0.082%	$10K	$52K	20x
Phemex NFLXUSDT	0.0000%	8h	73.550	+0.069%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.510	+0.015%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.491	−0.011%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLXlong	+0.0050%	1h	73.499	long leg	$4.9M	$2.9M	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	73.450	−0.067%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0061%	8h	73.630	+0.178%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	+0.042%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.552	+0.073%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0186%	8h	73.541	+0.058%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0193%	8h	73.546	+0.064%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.210	+0.967%	$83K	$92K	12x	as long as short
Phoenix NFLX	+0.0239%	1h	73.532	+0.045%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0254%	8h	73.565	+0.089%	$683	$144K	10x	as long as short
BloFin NFLX-USDT	+0.0322%	8h	73.560	+0.083%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0366%	8h	73.590	+0.124%	$1.3M	$875K	50x	as long as short