Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.008%

Price spread now: Extended against KuCoin−0.053%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Extended

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.053% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NFLXUSDTM	73.530	0.0100	pay 0.0100% / 8h	4h 09m	$151K	$37K	20x
Short	Extended NFLX-USD	73.491	0.0048	get 0.0006% / 1h	9m 43s	$16K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$10.92
Price spread: −0.053% → 0.000%: −$5.34
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.26
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 65 min ago; Extended: 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 KuCoin live order book, 65 min ago	23.12 bp	254.2 bp −$254	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

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	73.508	−0.030%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.540	+0.014%	$879K	$820K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.500	−0.041%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.109%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.541	+0.015%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.439	−0.124%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.550	+0.027%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.510	−0.027%	—	$21K	25x	as long as short
Extended NFLX-USDshort	+0.0048%	1h	73.491	−0.053%	$16K	$29K	10x
tradeXYZ xyz:NFLX	+0.0050%	1h	73.508	−0.030%	$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	−0.095%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0062%	8h	73.630	+0.136%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTMlong	+0.0100%	8h	73.530	long leg	$151K	$37K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.557	+0.036%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0186%	8h	73.541	+0.015%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0194%	8h	73.540	+0.014%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.220	+0.938%	$83K	$92K	12x	as long as short
Phoenix NFLX	+0.0239%	1h	73.532	+0.003%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0259%	8h	73.582	+0.071%	$614	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0323%	8h	73.570	+0.054%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0373%	8h	73.600	+0.095%	$1.3M	$875K	50x	as long as short