Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%

Price spread now: KuCoin against Ondo Perps+0.014%7-day average +0.117% · you sell dearer than you buy

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

Long on Ondo Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$17 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.014%, 7d avg +0.117%

Together, before fees+0.264%+ Points / potential airdropOndo Perps: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.103% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.117%). If the spread goes back, that is −$10 on $10k: about 7.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NFLX-USD.P	73.430	0.0050	pay 0.0006% / 1h	59m 34s	$64K	$151K	10x
Short	KuCoin NFLXUSDTM	73.440	0.0100	get 0.0100% / 8h	6h 59m	$151K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Ondo Perps. 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 Ondo PerpsbpFee KuCoinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $10.42
Price spread: +0.014% → +0.117%: −$10.35
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.93
Costs to cover: 0.170%
Break-even: 18.4 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 44 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 44 min ago	21.11 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit

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	73.445	+0.021%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.480	+0.068%	$883K	$883K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.420	−0.014%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.500	+0.095%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.490	+0.082%	$4.3M	$547K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.483	+0.072%	$1K	$4.9M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.495	+0.089%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.480	+0.068%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.410	−0.027%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.383	−0.063%	$16K	$29K	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	73.394	−0.049%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.Plong	+0.0050%	1h	73.430	long leg	$64K	$151K	10x
KuCoin NFLXUSDTMshort	+0.0100%	8h	73.440	+0.014%	$151K	$37K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.480	+0.068%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0220%	8h	73.478	+0.065%	$94K	$139K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.120	+0.940%	$82K	$74K	12x	as long as short
Binance NFLXUSDT	+0.0226%	8h	73.480	+0.068%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0229%	1h	73.433	+0.004%	$12K	$76K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0266%	8h	73.500	+0.095%	$550	$150K	10x	as long as short
BloFin NFLX-USDT	+0.0375%	8h	73.500	+0.095%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0413%	8h	73.470	+0.054%	$1.3M	$903K	50x	as long as short