Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.030%

Price spread now: Aevo against Binance+0.040%48s7-day average — · you sell dearer than you buy

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

Long on Binance Short on Aevo

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

The price spread pays, funding is against you. Aevo is 0.040% dearer against Binance than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours. The two prices were read 48 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	Binance NFLXUSDT	73.500	0.0187	pay 0.0187% / 8h	38m 30s	$5.4M	$5.4M	20x
Short	Aevo NFLX-PERP	73.529	0.0104	get 0.0013% / 1h	38m 30s	$225	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now +0.040%Rate

Funding earned: −$17.4
Price spread: +0.040% → 0.000%: $3.98
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$39.42
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 min ago; Aevo: 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 Binance live order book, 14 min ago	0.68 bp	9.0 bp −$9	9.7 bp −$97	106.0 bp −$10.6K	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	73.451	−0.067%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.530	+0.041%	$873K	$988K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.420	−0.109%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.550	+0.068%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.531	+0.042%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.567	+0.091%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.540	+0.054%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.420	−0.109%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.426	−0.100%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.430	−0.095%	$5.1M	$3.0M	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	73.400	−0.136%	$68K	$172K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.440	−0.082%	$152K	$37K	20x	as long as short
Aevo NFLX-PERPshort	+0.0104%	1h	73.529	+0.040%	$225	—	10x
Bitget NFLXUSDT	+0.0113%	8h	73.510	+0.014%	$4.2M	$638K	50x	as long as short
Variational Omni NFLX	+0.0180%	8h	73.526	+0.035%	$120K	$106K	—	as long as short
Binance NFLXUSDTlong	+0.0187%	8h	73.500	long leg	$5.4M	$5.4M	20x
Phoenix NFLX	+0.0207%	1h	73.492	−0.011%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.180	+0.925%	$83K	$64K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0300%	8h	73.520	+0.027%	$834	$157K	10x	as long as short
BloFin NFLX-USDT	+0.0309%	8h	73.510	+0.014%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0395%	8h	73.540	+0.054%	$1.3M	$1.0M	50x	as long as short