Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: QFEX against Phemex−0.189%7-day average −0.290% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1191.187% of the position

Long on Phemex Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.189%, 7d avg −0.290%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.101% dearer against Phemex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.290%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NFLXUSDT	73.950	0	get 0.0000% / 8h	5h 44m	$1.4M	$346K	10x
Short	QFEX NFLX-USD	73.810	0	get 0.0000% / 1h	44m 46s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Phemex. 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 PhemexbpFee QFEXbpOrdersPrice spread, now −0.189%Rate

Funding earned: $0
Price spread: −0.189% → −0.290%: $10.08
Slippage, 4 orders: −$96.75
Fee Phemex: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$108.66
Costs to cover: 1.187%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; QFEX: live order book, 5 min ago.

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 Phemex live order book, 1 min ago	3.38 bp	37.5 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.71 bp	13.1 bp −$13	20.7 bp −$207	doesn't fit	doesn't fit

NFLX on 21 exchanges

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	73.874	−0.103%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.900	−0.068%	$883K	$771K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.810	−0.189%	$1.1M	$1.4M	10x
Gate NFLX_USDT	0.0000%	8h	73.940	−0.014%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.920	−0.041%	$4.2M	$625K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.938	−0.016%	$1K	$4.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.913	−0.050%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.950	long leg	$1.4M	$346K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.810	−0.189%	—	$21K	25x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.790	−0.216%	$64K	$127K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NFLX-USD	+0.0096%	1h	73.849	−0.137%	$12K	$19K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.910	−0.054%	$151K	$184K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.884	−0.089%	$226	—	10x	as long as short
tradeXYZ xyz:NFLX	+0.0118%	1h	73.856	−0.127%	$5.0M	$2.9M	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.530	+0.784%	$83K	$133K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	73.873	−0.104%	$12K	$77K	10x	as long as short
Binance NFLXUSDT	+0.0280%	8h	73.937	−0.018%	$5.4M	$5.6M	20x	as long as short
Variational Omni NFLX	+0.0282%	8h	73.906	−0.059%	$76K	$121K	—	as long as short
Bybit NFLXUSDT	+0.0289%	8h	73.950	0.000%	$1.3M	$753K	50x	as long as short
GRVT NFLX_USDT_Perp	+0.0400%	8h	73.880	−0.095%	$256	$114K	10x	as long as short
BloFin NFLX-USDT	+0.0424%	8h	73.890	−0.081%	$48K	$82K	20x	as long as short