Settings8H · net · $10k
Funding arb · Price arb /

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0243%/8h= −26.6% APRnext payment $2.43 per $10,000 · paid last 24h −0.038%
Price spread now: OKX against Variational Omni+0.091%7-day average −0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.055%−$6 on $10k
Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.091%, 7d avg −0.001%
Together, before fees−0.106%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.092% dearer against Variational Omni than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of −0.001%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 4 days (−0.055% in total) that is about 6.2 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.055% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NFLX74.0630.0243pay 0.0243% / 8h7h 01m$76K$124K
ShortOKX NFLX-USDT-SWAP74.1300get 0.0000% / 8h7h 01m$888K$791K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Variational Omni. 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

Funding earned
−$50.96
Price spread: +0.091% → −0.001%
$9.19
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$51.76
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 33 min ago; OKX: live order book, 30 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 33 min ago2.88 bpdoesn't fit47.5 bp −$475doesn't fitdoesn't fit
Sell OKX live order book, 30 min ago2.70 bp11.3 bp −$11doesn't fitdoesn't fitdoesn't fit

NFLX on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NFLXUSDT0.0000%8h74.243+0.243%$12K$5K20xas long as short
OKX NFLX-USDT-SWAPshort0.0000%8h74.130+0.091%$888K$791K20x
QFEX NFLX-USD0.0000%1h74.050−0.017%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h74.160+0.131%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h74.170+0.145%$4.2M$624K50xas long as short
SunX NFLX-USDT0.0000%8h74.141+0.106%$1K$4.2M10xas long as short
HTX NFLX-USDT0.0000%8h73.984−0.106%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h74.150+0.118%$1.4M$342K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h74.060−0.004%$21K25xas long as short
Extended NFLX-USD+0.0048%1h74.039−0.033%$12K$19K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h74.046−0.023%$5.0M$2.9M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h74.050−0.017%$64K$138K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h74.110+0.064%$152K$102K20xas long as short
Aevo NFLX-PERP+0.0104%1h74.115+0.070%$22710xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.760+0.941%$83K$125K12xas long as short
Phoenix NFLX+0.0238%1h74.090+0.037%$12K$77K10xas long as short
Variational Omni NFLXlong+0.0243%8h74.063long leg$76K$124K
Binance NFLXUSDT+0.0248%8h74.150+0.118%$5.4M$5.5M20xas long as short
Bybit NFLXUSDT+0.0275%8h74.160+0.131%$1.3M$832K50xas long as short
BloFin NFLX-USDT+0.0387%8h74.090+0.037%$47K$80K20xas long as short
GRVT NFLX_USDT_Perp+0.0838%8h74.090+0.037%$253$123K10xas long as short