Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0330%/8h= +36.2% APRpaid last 24h +0.108%

Price spread now: Bybit against Extended+0.149%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Bybit

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.149% dearer against Extended than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NFLX-USD	73.501	0.0048	pay 0.0006% / 1h	14m 19s	$16K	$29K	10x
Short	Bybit NFLXUSDT	73.610	0.0378	get 0.0378% / 8h	4h 14m	$1.3M	$875K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.149%Rate

Funding earned: $69.35
Price spread: +0.149% → 0.000%: $14.87
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $68.22
Costs to cover: 0.160%
Break-even: 0.1 days

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 2 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	6.11 bp	22.1 bp −$22	173.3 bp −$1,733	doesn't fit	doesn't fit

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	73.540	+0.054%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.550	+0.067%	$879K	$823K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.510	+0.013%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.149%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.551	+0.068%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.539	+0.052%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.550	+0.067%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.500	−0.001%	—	$21K	25x	as long as short
Extended NFLX-USDlong	+0.0048%	1h	73.501	long leg	$16K	$29K	10x
tradeXYZ xyz:NFLX	+0.0050%	1h	73.509	+0.011%	$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	73.460	−0.055%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0062%	8h	73.630	+0.176%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	+0.040%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.557	+0.077%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0186%	8h	73.552	+0.070%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0194%	8h	73.550	+0.067%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.870	+5.945%	$87K	$92K	12x	as long as short
Phoenix NFLX	+0.0239%	1h	73.571	+0.096%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0260%	8h	73.577	+0.104%	$614	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0323%	8h	73.550	+0.067%	$47K	$81K	20x	as long as short
Bybit NFLXUSDTshort	+0.0378%	8h	73.610	+0.149%	$1.3M	$875K	50x