Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0134%/8h= −14.6% APRpaid last 24h −0.062%

Price spread now: QFEX against Variational Omni−0.044%7-day average −0.277% · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.133%−$13 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.044%, 7d avg −0.277%

Together, before fees−0.091%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.233% dearer against Variational Omni than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.277%): +$23 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NFLX	74.053	0.0134	pay 0.0134% / 8h	7h 47m	$83K	$119K	—
Short	QFEX NFLX-USD	74.020	0	get 0.0000% / 1h	47m 14s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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

Position, each leg$Hold fordaysFee Variational OmnibpFee QFEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$28.07
Price spread: −0.044% → −0.277%: $23.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$14.76
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 52 min ago; QFEX: live order book, 4 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 Variational Omni RFQ quote, 52 min ago	2.88 bp	doesn't fit	35.0 bp −$350	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.03 bp	12.4 bp −$12	18.0 bp −$180	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	74.038	−0.019%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	74.130	+0.104%	$890K	$832K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	74.020	−0.044%	$1.1M	$1.4M	10x
Gate NFLX_USDT	0.0000%	8h	74.100	+0.064%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.070	+0.023%	$4.3M	$594K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.087	+0.046%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	74.144	+0.123%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.110	+0.077%	$1.4M	$352K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	74.030	−0.031%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	74.032	−0.029%	$12K	$19K	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:NFLX	+0.0050%	1h	74.019	−0.046%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	74.010	−0.058%	$64K	$144K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	74.050	−0.004%	$153K	$63K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.112	+0.081%	$227	—	10x	as long as short
Variational Omni NFLXlong	+0.0134%	8h	74.053	long leg	$83K	$119K	—
Binance NFLXUSDT	+0.0149%	8h	74.111	+0.078%	$5.4M	$5.7M	20x	as long as short
Bybit NFLXUSDT	+0.0165%	8h	74.100	+0.064%	$1.3M	$882K	50x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.790	+0.996%	$83K	$121K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	74.062	+0.012%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0269%	8h	74.100	+0.064%	$47K	$78K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0518%	8h	74.100	+0.064%	$253	$129K	10x	as long as short