Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.063%

Price spread now: tradeXYZ against Variational Omni−0.073%7-day average −0.132% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.073%, 7d avg −0.132%

Together, before fees−0.043%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.059% dearer against Variational Omni than usual: you sell high and buy low (spread −0.073% now, against its 7-day average of −0.132%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NFLX	73.832	0.0113	pay 0.0113% / 8h	1h 15m	$83K	$140K	—
Short	tradeXYZ xyz:NFLX	73.778	0.0050	get 0.0006% / 1h	15m 58s	$5.0M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$13.19
Price spread: −0.073% → −0.132%: $5.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$25.3
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 28 min ago; tradeXYZ: live order book, 2 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, 28 min ago	2.89 bp	doesn't fit	28.8 bp −$288	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 2 min ago	0.54 bp	doesn't fit	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	73.805	−0.037%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.820	−0.016%	$877K	$829K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.760	−0.098%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.910	+0.106%	$4.2M	$594K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.841	+0.012%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.837	+0.007%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.850	+0.024%	$1.4M	$346K	10x	as long as short
Gate NFLX_USDT	+0.0036%	8h	73.880	+0.065%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.770	−0.084%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.773	−0.080%	$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:NFLXshort	+0.0050%	1h	73.778	−0.073%	$5.0M	$3.0M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.720	−0.152%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.760	−0.098%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.833	+0.002%	$226	—	10x	as long as short
Variational Omni NFLXlong	+0.0113%	8h	73.832	long leg	$83K	$140K	—
Binance NFLXUSDT	+0.0125%	8h	73.830	−0.003%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0193%	8h	73.840	+0.010%	$459	$138K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.825	−0.010%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.480	+0.878%	$83K	$111K	12x	as long as short
BloFin NFLX-USDT	+0.0244%	8h	73.840	+0.011%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0294%	8h	73.810	−0.030%	$1.3M	$890K	50x	as long as short