Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0291%/8h= +31.9% APRpaid last 24h +0.099%

Price spread now: Bybit against Aevo+0.046%49s7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.046% dearer against Aevo than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Aevo NFLX-PERP	73.586	0.0104	pay 0.0013% / 1h	38m 33s	$225	—	10x
Short	Bybit NFLXUSDT	73.620	0.0395	get 0.0395% / 8h	4h 38m	$1.3M	$878K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.046%Rate

Funding earned: $61.17
Price spread: +0.046% → 0.000%: $4.64
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $38.8
Costs to cover: 0.270%
Break-even: 2.6 days

Slippage unknown: Aevo: no order-book sample; Bybit: 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	5.43 bp	20.4 bp −$20	182.1 bp −$1,821	doesn't fit	doesn't fit

Aevo: 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	73.551	−0.047%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.600	+0.019%	$879K	$835K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.540	−0.062%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.033%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.598	+0.016%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.487	−0.134%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.580	−0.008%	$1.4M	$325K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	−0.062%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.510	−0.104%	$16K	$29K	10x	as long as short
Gate NFLX_USDT	+0.0048%	8h	73.630	+0.060%	$1.4M	$1.2M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.516	−0.095%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.550	−0.049%	$65K	$140K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.540	−0.062%	$151K	$37K	20x	as long as short
Aevo NFLX-PERPlong	+0.0104%	1h	73.586	long leg	$225	—	10x
Variational Omni NFLX	+0.0203%	8h	73.576	−0.013%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0210%	8h	73.590	+0.006%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.920	+5.890%	$87K	$89K	12x	as long as short
Phoenix NFLX	+0.0239%	1h	73.570	−0.022%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0306%	8h	73.590	+0.006%	$634	$144K	10x	as long as short
BloFin NFLX-USDT	+0.0350%	8h	73.550	−0.049%	$47K	$81K	20x	as long as short
Bybit NFLXUSDTshort	+0.0395%	8h	73.620	+0.046%	$1.3M	$878K	50x