Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%

Price spread now: QFEX against Bitget−0.190%7-day average −0.241% · 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−$53as in the Price arb table

costs, in and out, $10k−$590.585% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 7 days+0.130%+$13 · spread now −0.190%, 7d avg −0.241%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.051% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.241%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NFLXUSDT	73.620	0	get 0.0000% / 8h	5h 04m	$4.3M	$546K	50x
Short	QFEX NFLX-USD	73.480	0	get 0.0000% / 1h	4m 16s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now −0.190%Rate

Funding earned: $0
Price spread: −0.190% → −0.241%: $5.09
Slippage, 4 orders: −$36.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$53.45
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; QFEX: live order book, 2 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 Bitget live order book, 4 min ago	8.83 bp	18.4 bp −$18	28.1 bp −$281	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	2.72 bp	9.6 bp −$10	20.0 bp −$200	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	73.520	−0.135%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.630	+0.014%	$880K	$861K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.480	−0.190%	$1.1M	$1.4M	10x
Bitget NFLXUSDTlong	0.0000%	8h	73.620	long leg	$4.3M	$546K	50x
SunX NFLX-USDT	0.0000%	8h	73.571	−0.067%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.577	−0.058%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.590	−0.041%	$1.4M	$326K	10x	as long as short
Gate NFLX_USDT	+0.0019%	8h	73.630	+0.014%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.480	−0.190%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.493	−0.172%	$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	73.499	−0.164%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.500	−0.163%	$65K	$139K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	−0.122%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.568	−0.071%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.569	−0.069%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0207%	8h	73.576	−0.060%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0215%	8h	73.587	−0.044%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.870	+5.773%	$87K	$86K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0290%	8h	73.590	−0.041%	$825	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0356%	8h	73.620	0.000%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0398%	8h	73.600	−0.027%	$1.3M	$881K	50x	as long as short