Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h −0.072%

Price spread now: Injective against OKX+5.882%88s7-day average — · you sell dearer than you buy

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

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 5.882% dearer against OKX than usual: you sell high and buy low: +$588 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.263%, so the current rate has only just turned in your favour. The two prices were read 88 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	OKX NFLX-USDT-SWAP	73.620	0	get 0.0000% / 8h	5h 51m	$880K	$864K	20x
Short	Injective NFLX/USDC PERP	77.950	0.0220	get 0.0028% / 1h	51m 51s	$87K	$81K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now +5.882%Rate

Funding earned: $46.2
Price spread: +5.882% → 0.000%: $588.16
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $624.34
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 9 min ago; Injective: 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 OKX live order book, 9 min ago	2.04 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Aster NFLXUSDT	0.0000%	8h	73.561	−0.080%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPlong	0.0000%	8h	73.620	long leg	$880K	$864K	20x
QFEX NFLX-USD	0.0000%	1h	73.520	−0.136%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.700	+0.109%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.650	+0.041%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.632	+0.016%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.570	−0.068%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.640	+0.027%	$1.4M	$325K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.530	−0.122%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.536	−0.114%	$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	73.542	−0.106%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.550	−0.095%	$64K	$143K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.570	−0.068%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.621	+0.002%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.629	+0.012%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0207%	8h	73.648	+0.038%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0212%	8h	73.640	+0.027%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERPshort	+0.0220%	1h	77.950	+5.882%	$87K	$81K	12x
GRVT NFLX_USDT_Perp	+0.0246%	8h	73.665	+0.061%	$337	$146K	10x	as long as short
Bybit NFLXUSDT	+0.0277%	8h	73.640	+0.027%	$1.3M	$898K	50x	as long as short