Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.131%

Price spread now: Bybit against QFEX+0.136%7-day average +0.216% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$710.705% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.219%+$22 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.136%, 7d avg +0.216%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.080% cheaper against QFEX than usual: you would sell low and buy high (spread +0.136% now, against its 7-day average of +0.216%). If the spread goes back, that is −$8 on $10k: about 24 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.770	0	get 0.0000% / 1h	54m 31s	$1.1M	$1.4M	10x
Short	Bybit NFLXUSDT	73.870	0.0271	get 0.0271% / 8h	54m 31s	$1.3M	$890K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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 QFEXbpFee BybitbpOrdersPrice spread, now +0.136%Rate

Funding earned: $56.96
Price spread: +0.136% → +0.216%: −$8.03
Slippage, 4 orders: −$49.55
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.62
Costs to cover: 0.705%
Break-even: 9.7 days

Slippage from QFEX: live order book, 2 min ago; Bybit: live order book, 1 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 QFEX live order book, 2 min ago	2.03 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.42 bp	24.3 bp −$24	192.3 bp −$1,923	doesn't fit	doesn't fit

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	73.939	+0.228%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.770	0.000%	$875K	$831K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.770	long leg	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.900	+0.176%	$4.2M	$594K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.842	+0.098%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.833	+0.085%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.850	+0.108%	$1.4M	$348K	10x	as long as short
Gate NFLX_USDT	+0.0029%	8h	73.880	+0.149%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.780	+0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.775	+0.006%	$12K	$19K	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	73.787	+0.023%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.740	−0.041%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.800	+0.041%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.828	+0.079%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0117%	8h	73.831	+0.083%	$83K	$140K	—	as long as short
Binance NFLXUSDT	+0.0124%	8h	73.868	+0.132%	$5.4M	$5.7M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0202%	8h	73.834	+0.087%	$377	$137K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.792	+0.030%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.530	+1.030%	$83K	$113K	12x	as long as short
BloFin NFLX-USDT	+0.0245%	8h	73.880	+0.149%	$47K	$83K	20x	as long as short
Bybit NFLXUSDTshort	+0.0271%	8h	73.870	+0.136%	$1.3M	$890K	50x