Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.062%

Price spread now: Extended against Binance−0.104%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.104% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NFLXUSDT	73.639	0.0156	pay 0.0156% / 8h	3h 16m	$5.4M	$5.4M	20x
Short	Extended NFLX-USD	73.562	0.0048	get 0.0006% / 1h	16m 32s	$16K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$22.71
Price spread: −0.104% → 0.000%: −$10.38
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$48.09
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; Extended: 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, 6 min ago	0.68 bp	9.3 bp −$9	21.9 bp −$219	195.5 bp −$19.5K	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	73.580	−0.079%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.640	+0.002%	$880K	$816K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.540	−0.134%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.640	+0.002%	$4.3M	$565K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.641	+0.003%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.551	−0.119%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.640	+0.002%	$1.4M	$325K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.550	−0.121%	—	$21K	25x	as long as short
Extended NFLX-USDshort	+0.0048%	1h	73.562	−0.104%	$16K	$29K	10x
tradeXYZ xyz:NFLX	+0.0050%	1h	73.571	−0.092%	$4.9M	$2.9M	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	73.570	−0.093%	$65K	$140K	10x	as long as short
Gate NFLX_USDT	+0.0090%	8h	73.670	+0.042%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.600	−0.053%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.637	−0.003%	$225	—	10x	as long as short
Binance NFLXUSDTlong	+0.0156%	8h	73.639	long leg	$5.4M	$5.4M	20x
Variational Omni NFLX	+0.0157%	8h	73.637	−0.002%	$96K	$132K	—	as long as short
GRVT NFLX_USDT_Perp	+0.0193%	8h	73.648	+0.013%	$466	$143K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.970	+5.882%	$87K	$98K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.621	−0.024%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0278%	8h	73.640	+0.002%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0363%	8h	73.660	+0.029%	$1.3M	$884K	50x	as long as short