Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h −0.099%

Price spread now: Aevo against Bybit+0.011%49s7-day average — · you sell dearer than you buy

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

Long on Bybit 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate. 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	Bybit NFLXUSDT	74.010	0.0287	pay 0.0287% / 8h	2h 10m	$1.3M	$903K	50x
Short	Aevo NFLX-PERP	74.018	0.0104	get 0.0013% / 1h	10m 42s	$226	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.011%Rate

Funding earned: −$38.43
Price spread: +0.011% → 0.000%: $1.15
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$64.28
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, just now; 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 Bybit live order book, just now	6.08 bp	23.7 bp −$24	132.5 bp −$1,325	doesn't fit	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	73.933	−0.104%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.990	−0.027%	$879K	$836K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.920	−0.122%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.920	−0.122%	$4.3M	$592K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.043	+0.045%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	74.077	+0.091%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.020	+0.014%	$1.4M	$339K	10x	as long as short
Gate NFLX_USDT	+0.0036%	8h	74.040	+0.041%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.930	−0.108%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.910	−0.136%	$12K	$19K	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	73.918	−0.124%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.940	−0.095%	$66K	$142K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.930	−0.108%	$152K	$38K	20x	as long as short
Aevo NFLX-PERPshort	+0.0104%	1h	74.018	+0.011%	$226	—	10x
Variational Omni NFLX	+0.0110%	8h	74.032	+0.030%	$95K	$126K	—	as long as short
Binance NFLXUSDT	+0.0116%	8h	74.011	+0.002%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0151%	8h	73.980	−0.041%	$641	$141K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.949	−0.082%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.680	+0.905%	$83K	$105K	12x	as long as short
BloFin NFLX-USDT	+0.0235%	8h	74.040	+0.041%	$47K	$83K	20x	as long as short
Bybit NFLXUSDTlong	+0.0287%	8h	74.010	long leg	$1.3M	$903K	50x