Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h −0.014%

Price spread now: GRVT against Vest+0.095%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 GRVT

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 airdropVest: Active · GRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and GRVT is 0.095% dearer against Vest than usual: you sell high and buy low: +$10 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	73.510	0.0046	pay 0.0006% / 1h	0m 50s	—	$21K	25x
Short	GRVT NFLX_USDT_Perp	73.580	0.0362	get 0.0362% / 8h	2h 00m	$617	$158K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.095%Rate

Funding earned: $66.43
Price spread: +0.095% → 0.000%: $9.52
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $64.95
Costs to cover: 0.110%
Break-even: 0.2 days

Slippage unknown: Vest: no order-book sample; GRVT: live order book, 21 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 GRVT live order book, 21 min ago	2.72 bp	20.0 bp −$20	55.5 bp −$555	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 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	73.521	+0.015%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.570	+0.082%	$874K	$1.0M	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.520	+0.014%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.620	+0.150%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.577	+0.091%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.547	+0.050%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.600	+0.122%	$1.4M	$330K	10x	as long as short
Vest NFLX-USD-PERPlong	+0.0046%	1h	73.510	long leg	—	$21K	25x
Extended NFLX-USD	+0.0048%	1h	73.519	+0.012%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.513	+0.004%	$5.1M	$3.2M	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	−0.054%	$68K	$169K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	+0.027%	$152K	$13K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.593	+0.113%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0207%	8h	73.600	+0.122%	$4.2M	$621K	50x	as long as short
Variational Omni NFLX	+0.0214%	8h	73.577	+0.091%	$120K	$106K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.260	+1.020%	$83K	$55K	12x	as long as short
Binance NFLXUSDT	+0.0223%	8h	73.586	+0.103%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0327%	1h	73.527	+0.023%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perpshort	+0.0362%	8h	73.580	+0.095%	$617	$158K	10x
Bybit NFLXUSDT	+0.0367%	8h	73.560	+0.068%	$1.3M	$1.0M	50x	as long as short
BloFin NFLX-USDT	+0.0371%	8h	73.610	+0.136%	$47K	$82K	20x	as long as short