Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against QFEX+0.027%7-day average +0.227% · 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−$439as in the Price arb table

costs, in and out, $10k−$4194.187% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.027%, 7d avg +0.227%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.200% cheaper against QFEX than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.227%). If the spread goes back, that is −$20 on $10k: about 6.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.540	0	get 0.0000% / 1h	25m 06s	$1.1M	$1.4M	10x
Short	KuCoin NFLXUSDTM	73.560	0.0100	get 0.0100% / 8h	5h 25m	$151K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $21
Price spread: +0.027% → +0.227%: −$20
Slippage, 4 orders: −$396.71
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$417.71
Costs to cover: 4.187%
Break-even: 146.2 days

Slippage from QFEX: live order book, 1 min ago; KuCoin: live order book, 64 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, 1 min ago	2.04 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 64 min ago	30.58 bp	163.2 bp −$163	doesn't fit	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	73.582	+0.058%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.630	+0.122%	$880K	$860K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.540	long leg	$1.1M	$1.4M	10x
Gate NFLX_USDT	0.0000%	8h	73.700	+0.218%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.650	+0.150%	$4.3M	$543K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.611	+0.097%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.635	+0.129%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.620	+0.109%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	0.000%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.534	−0.008%	$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	73.540	0.000%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.530	−0.014%	$65K	$144K	10x	as long as short
KuCoin NFLXUSDTMshort	+0.0100%	8h	73.560	+0.027%	$151K	$37K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.596	+0.076%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.583	+0.058%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0206%	8h	73.595	+0.075%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0210%	8h	73.608	+0.093%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.950	+5.997%	$87K	$85K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0260%	8h	73.623	+0.112%	$657	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0349%	8h	73.580	+0.054%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0364%	8h	73.610	+0.095%	$1.3M	$888K	50x	as long as short