Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.048%

Price spread now: Variational Omni against Vest+0.177%56s7-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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Variational Omni is 0.177% dearer against Vest than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NFLX-USD-PERP	74.000	0.0046	pay 0.0006% / 1h	58m 31s	—	$21K	25x
Short	Variational Omni NFLX	74.131	0.0249	get 0.0249% / 8h	6h 58m	$76K	$124K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.177%Rate

Funding earned: $42.8
Price spread: +0.177% → 0.000%: $17.74
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $58.54
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 35 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 Variational Omni RFQ quote, 35 min ago	2.88 bp	doesn't fit	63.9 bp −$639	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	74.296	+0.399%	$12K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	74.110	+0.149%	$887K	$789K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	74.020	+0.027%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	74.120	+0.162%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.160	+0.216%	$4.2M	$624K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.106	+0.143%	$1K	$4.2M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	74.036	+0.049%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.130	+0.176%	$1.4M	$343K	10x	as long as short
Vest NFLX-USD-PERPlong	+0.0046%	1h	74.000	long leg	—	$21K	25x
Ondo Perps NFLX-USD.P	+0.0050%	1h	74.050	+0.068%	$64K	$138K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NFLXUSDTM	+0.0100%	8h	74.090	+0.122%	$152K	$105K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.113	+0.152%	$227	—	10x	as long as short
tradeXYZ xyz:NFLX	+0.0104%	1h	74.017	+0.023%	$5.0M	$2.9M	10x	as long as short
Extended NFLX-USD	+0.0216%	1h	74.020	+0.027%	$12K	$19K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.430	+5.986%	$87K	$126K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	74.090	+0.122%	$12K	$76K	10x	as long as short
Variational Omni NFLXshort	+0.0249%	8h	74.131	+0.177%	$76K	$124K	—
Binance NFLXUSDT	+0.0255%	8h	74.119	+0.161%	$5.4M	$5.6M	20x	as long as short
Bybit NFLXUSDT	+0.0338%	8h	74.160	+0.216%	$1.3M	$832K	50x	as long as short
BloFin NFLX-USDT	+0.0381%	8h	74.120	+0.162%	$47K	$82K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0787%	8h	74.130	+0.176%	$254	$123K	10x	as long as short