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: Phemex against QFEX+0.190%7-day average +0.290% · 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−$129as in the Price arb table

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

Long on QFEX Short on Phemex

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)−0.014%−$1 · spread now +0.190%, 7d avg +0.290%

Together, before fees−0.014%−$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: Phemex is 0.100% cheaper against QFEX than usual: you would sell low and buy high, −$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	QFEX NFLX-USD	73.810	0	get 0.0000% / 1h	44m 36s	$1.1M	$1.4M	10x
Short	Phemex NFLXUSDT	73.950	0	get 0.0000% / 8h	5h 44m	$1.4M	$346K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.190%Rate

Funding earned: $0
Price spread: +0.190% → +0.290%: −$10.05
Slippage, 4 orders: −$96.75
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$128.79
Costs to cover: 1.187%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Phemex: 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, 5 min ago	2.71 bp	13.3 bp −$13	20.3 bp −$203	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	3.38 bp	54.8 bp −$55	doesn't fit	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	+0.087%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.900	+0.122%	$883K	$771K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.810	long leg	$1.1M	$1.4M	10x
Gate NFLX_USDT	0.0000%	8h	73.940	+0.176%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.920	+0.149%	$4.2M	$625K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.938	+0.173%	$1K	$4.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.913	+0.140%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.950	+0.190%	$1.4M	$346K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.810	0.000%	—	$21K	25x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.790	−0.027%	$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	+0.053%	$12K	$19K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.910	+0.135%	$151K	$184K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.884	+0.101%	$226	—	10x	as long as short
tradeXYZ xyz:NFLX	+0.0118%	1h	73.856	+0.062%	$5.0M	$2.9M	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.530	+0.975%	$83K	$133K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	73.873	+0.085%	$12K	$77K	10x	as long as short
Binance NFLXUSDT	+0.0280%	8h	73.937	+0.171%	$5.4M	$5.6M	20x	as long as short
Variational Omni NFLX	+0.0282%	8h	73.906	+0.130%	$76K	$121K	—	as long as short
Bybit NFLXUSDT	+0.0289%	8h	73.950	+0.190%	$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	+0.108%	$48K	$82K	20x	as long as short