Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0152%/8h= +16.7% APRpaid last 24h +0.042%

Price spread now: Variational Omni against tradeXYZ+0.077%7-day average +0.135% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.077%, 7d avg +0.135%

Together, before fees+0.011%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.058% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.135%). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.032% in total) that is about 6.1 days.

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	14m 42s	$5.0M	$3.0M	10x
Short	Variational Omni NFLX	73.484	0.0202	get 0.0202% / 8h	14m 42s	$90K	$136K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.077%Rate

Funding earned: $32.02
Price spread: +0.077% → +0.135%: −$5.79
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.23
Costs to cover: 0.180%
Break-even: 5.2 days

Slippage unknown: tradeXYZ: live order book, 4 min ago; Variational Omni: RFQ quote, 64 min ago. 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, 4 min ago	1.70 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 64 min ago	2.89 bp	doesn't fit	38.9 bp −$389	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	73.437	+0.012%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.450	+0.030%	$871K	$988K	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	73.508	+0.109%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.535	+0.146%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.510	+0.112%	$1.4M	$332K	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	+0.002%	$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	+0.0104%	8h	73.490	+0.084%	$4.3M	$689K	50x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.493	+0.089%	$225	—	10x	as long as short
Variational Omni NFLXshort	+0.0202%	8h	73.484	+0.077%	$90K	$136K	—
Binance NFLXUSDT	+0.0205%	8h	73.506	+0.106%	$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-USDT	+0.0342%	8h	73.530	+0.139%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0404%	8h	73.540	+0.153%	$1.3M	$969K	50x	as long as short