Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Gate−0.108%7-day average −0.161% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now −0.108%, 7d avg −0.161%

Together, before fees−0.045%+ Points / potential airdropOndo Perps: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Ondo Perps is 0.053% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.161%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NFLX_USDT	73.870	0.0040	pay 0.0040% / 8h	1h 25m	$1.4M	$1.2M	25x
Short	Ondo Perps NFLX-USD.P	73.790	0.0050	get 0.0006% / 1h	25m 22s	$66K	$141K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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 GatebpFee Ondo PerpsbpOrdersPrice spread, now −0.108%Rate

Funding earned: $2.18
Price spread: −0.108% → −0.161%: $5.32
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$12.5
Costs to cover: 0.200%
Break-even: 47.1 days

Slippage unknown: Gate: live order book, 2 min ago; Ondo Perps: 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 Gate live order book, 2 min ago	6.77 bp	21.0 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	73.796	−0.101%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.810	−0.081%	$877K	$829K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.810	−0.081%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.910	+0.054%	$4.3M	$593K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.862	−0.011%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.952	+0.111%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.870	0.000%	$1.4M	$344K	10x	as long as short
Gate NFLX_USDTlong	+0.0040%	8h	73.870	long leg	$1.4M	$1.2M	25x
Vest NFLX-USD-PERP	+0.0046%	1h	73.810	−0.081%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.784	−0.117%	$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	73.796	−0.100%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.Pshort	+0.0050%	1h	73.790	−0.108%	$66K	$141K	10x
KuCoin NFLXUSDTM	+0.0100%	8h	73.810	−0.081%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.837	−0.045%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0106%	8h	73.827	−0.058%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0114%	8h	73.860	−0.014%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0184%	8h	73.849	−0.028%	$485	$139K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.823	−0.064%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.180	+5.835%	$87K	$110K	12x	as long as short
BloFin NFLX-USDT	+0.0238%	8h	73.860	−0.014%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0283%	8h	73.860	−0.014%	$1.3M	$872K	50x	as long as short