Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0175%/8h= −19.2% APRpaid last 24h −0.071%

Price spread now: Vest against Variational Omni−0.059%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.059% cheaper against Variational Omni than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NFLX	73.504	0.0221	pay 0.0221% / 8h	7h 36m	$94K	$139K	—
Short	Vest NFLX-USD-PERP	73.460	0.0046	get 0.0006% / 1h	36m 23s	—	$21K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$36.82
Price spread: −0.059% → 0.000%: −$5.93
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$44.75
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 38 min ago; Vest: no order-book sample. 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, 38 min ago	3.99 bp	doesn't fit	6.2 bp −$62	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	73.453	−0.069%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.500	−0.005%	$884K	$960K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.430	−0.100%	$1.1M	$1.5M	10x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.503	−0.001%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.565	+0.084%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.520	+0.022%	$1.4M	$331K	10x	as long as short
Bitget NFLXUSDT	+0.0045%	8h	73.540	+0.050%	$4.3M	$578K	50x	as long as short
Vest NFLX-USD-PERPshort	+0.0046%	1h	73.460	−0.059%	—	$21K	25x
Extended NFLX-USD	+0.0048%	1h	73.409	−0.129%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.420	−0.114%	$5.0M	$2.9M	10x	as long as short

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	73.470	−0.046%	$64K	$178K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.460	−0.059%	$152K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.496	−0.010%	$225	—	10x	as long as short
Gate NFLX_USDT	+0.0139%	8h	73.530	+0.036%	$1.3M	$1.2M	25x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.150	+0.879%	$83K	$71K	12x	as long as short
Variational Omni NFLXlong	+0.0221%	8h	73.504	long leg	$94K	$139K	—
Binance NFLXUSDT	+0.0227%	8h	73.510	+0.009%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0229%	1h	73.480	−0.032%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0265%	8h	73.507	+0.005%	$887	$152K	10x	as long as short
BloFin NFLX-USDT	+0.0378%	8h	73.520	+0.022%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0530%	8h	73.530	+0.036%	$1.3M	$920K	50x	as long as short