Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0209%/8h= −22.8% APRpaid last 24h −0.084%

Price spread now: QFEX against Binance−0.082%7-day average −0.224% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.146%−$15 on $10k

Price spread, last 7 days+0.040%+$4 · spread now −0.082%, 7d avg −0.224%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.142% dearer against Binance than usual: you sell high and buy low (spread −0.082% now, against its 7-day average of −0.224%): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NFLXUSDT	73.600	0.0209	pay 0.0209% / 8h	4h 35m	$5.4M	$5.4M	20x
Short	QFEX NFLX-USD	73.540	0	get 0.0000% / 1h	35m 56s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$43.81
Price spread: −0.082% → −0.224%: $14.21
Slippage, 4 orders: −$23.9
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$73.5
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; QFEX: live order book, 11 min ago.

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, 2 min ago	0.68 bp	10.4 bp −$10	25.0 bp −$250	197.0 bp −$19.7K	doesn't fit
Sell QFEX live order book, 11 min ago	2.04 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit

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	73.562	−0.051%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.640	+0.054%	$880K	$835K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.540	−0.082%	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.014%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.607	+0.010%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.551	−0.067%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.600	0.000%	$1.4M	$325K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	−0.082%	—	$21K	25x	as long as short
Gate NFLX_USDT	+0.0047%	8h	73.630	+0.041%	$1.4M	$1.2M	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.530	−0.095%	$16K	$29K	10x	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	73.545	−0.075%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.550	−0.068%	$65K	$140K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.560	−0.054%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.606	+0.008%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0200%	8h	73.597	−0.004%	$94K	$130K	—	as long as short
Binance NFLXUSDTlong	+0.0209%	8h	73.600	long leg	$5.4M	$5.4M	20x
Injective NFLX/USDC PERP	+0.0220%	1h	77.920	+5.870%	$87K	$90K	12x	as long as short
Phoenix NFLX	+0.0239%	1h	73.570	−0.041%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0306%	8h	73.590	−0.013%	$634	$144K	10x	as long as short
BloFin NFLX-USDT	+0.0349%	8h	73.560	−0.054%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0394%	8h	73.640	+0.054%	$1.3M	$876K	50x	as long as short