Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.017%

Price spread now: Aster against Injective−5.576%117s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 5.576% cheaper against Injective than usual: you would sell low and buy high (−$558 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 117 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	Injective NFLX/USDC PERP	77.940	0.0220	pay 0.0028% / 1h	19m 31s	$87K	$79K	12x
Short	Aster NFLXUSDT	73.594	0	get 0.0000% / 8h	6h 19m	$11K	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −5.576%Rate

Funding earned: −$46.2
Price spread: −5.576% → 0.000%: −$557.57
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$611.79
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aster: 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 Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and Aster: 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 20 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
QFEX NFLX-USD	0.0000%	1h	73.550	−5.633%	$1.1M	$1.4M	10x	as long as short
Aster NFLXUSDTshort	0.0000%	8h	73.594	−5.576%	$11K	$5K	20x
OKX NFLX-USDT-SWAP	0.0000%	8h	73.680	−5.466%	$881K	$869K	20x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.680	−5.466%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.600	−5.568%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.699	−5.441%	$2K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.553	−5.629%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.700	−5.440%	$1.4M	$323K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.550	−5.633%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.608	−5.558%	$16K	$29K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.578	−5.597%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.590	−5.581%	$64K	$142K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.600	−5.568%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.663	−5.487%	$225	—	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.604	−5.563%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0177%	8h	73.641	−5.516%	$661	$146K	10x	as long as short
Variational Omni NFLX	+0.0206%	8h	73.696	−5.445%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0214%	8h	73.690	−5.453%	$5.5M	$5.4M	20x	as long as short
Bybit NFLXUSDT	+0.0214%	8h	73.670	−5.479%	$1.3M	$896K	50x	as long as short
Injective NFLX/USDC PERPlong	+0.0220%	1h	77.940	long leg	$87K	$79K	12x