Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.039%

Price spread now: OKX against tradeXYZ+0.103%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.103%, 7d avg +0.126%

Together, before fees−0.071%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.023% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.126%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.504	0.0050	pay 0.0006% / 1h	40m 54s	$4.9M	$2.9M	10x
Short	OKX NFLX-USDT-SWAP	73.580	0	get 0.0000% / 8h	3h 40m	$879K	$816K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$10.5
Price spread: +0.103% → +0.126%: −$2.28
Slippage, 4 orders: −$35.01
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$75.79
Costs to cover: 0.630%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 7 min ago; OKX: live order book, 10 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, 7 min ago	0.68 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 10 min ago	2.72 bp	20.3 bp −$20	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	73.534	+0.041%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPshort	0.0000%	8h	73.580	+0.103%	$879K	$816K	20x
QFEX NFLX-USD	0.0000%	1h	73.500	−0.005%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.144%	$4.3M	$560K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.550	+0.063%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.592	+0.120%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.560	+0.076%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.500	−0.005%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.495	−0.012%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLXlong	+0.0050%	1h	73.504	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	73.490	−0.019%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0057%	8h	73.620	+0.158%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	+0.035%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.557	+0.073%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0169%	8h	73.542	+0.052%	$94K	$129K	—	as long as short
Binance NFLXUSDT	+0.0177%	8h	73.556	+0.071%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0216%	8h	73.572	+0.092%	$529	$143K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.910	+5.994%	$87K	$95K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.537	+0.045%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0297%	8h	73.570	+0.090%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0368%	8h	73.620	+0.158%	$1.3M	$875K	50x	as long as short