Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC+0.0457%/8h= +50.0% APRpaid last 24h +0.110%

Price spread now: Bybit against Vest+0.246%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Bybit is 0.246% dearer against Vest than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NFLX-USD-PERP	73.050	0.0046	pay 0.0006% / 1h	23m 11s	—	$22K	25x
Short	Bybit NFLXUSDT	73.230	0.0502	get 0.0502% / 8h	3h 23m	$1.2M	$814K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now +0.246%Rate

Funding earned: $95.88
Price spread: +0.246% → 0.000%: $24.64
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $107.52
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 6 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 6 min ago	5.45 bp	51.9 bp −$52	157.3 bp −$1,573	doesn't fit	doesn't fit

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 exchanges

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	73.166	+0.159%	$11K	$5K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.050	0.000%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.150	+0.137%	$4.2M	$798K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.165	+0.157%	$2K	$3.8M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.250	+0.274%	$10K	$47K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.220	+0.233%	$1.4M	$359K	10x	as long as short
Gate NFLX_USDT	+0.0012%	8h	73.180	+0.178%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERPlong	+0.0046%	1h	73.050	long leg	—	$22K	25x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.080	+0.041%	$67K	$134K	10x	as long as short
Extended NFLX-USD	+0.0056%	1h	73.059	+0.013%	$12K	$24K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0061%	1h	73.078	+0.038%	$4.9M	$3.0M	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.190	+0.192%	$160K	$368K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.207	+0.215%	$224	—	10x	as long as short
OKX NFLX-USDT-SWAP	+0.0144%	8h	73.170	+0.164%	$941K	$941K	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	73.790	+1.013%	$82K	$149K	12x	as long as short
Phoenix NFLX	+0.0292%	1h	73.283	+0.319%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0471%	8h	73.269	+0.300%	$76K	$116K	—	as long as short
Binance NFLXUSDT	+0.0473%	8h	73.178	+0.175%	$5.4M	$6.6M	20x	as long as short
Bybit NFLXUSDTshort	+0.0502%	8h	73.230	+0.246%	$1.2M	$814K	50x
GRVT NFLX_USDT_Perp	+0.0593%	8h	73.240	+0.260%	$469	$113K	10x	as long as short
BloFin NFLX-USDT	+0.0658%	8h	73.180	+0.178%	$48K	$88K	20x	as long as short