Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against QFEX+0.162%7-day average +0.292% · 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−$285as in the Price arb table

costs, in and out, $10k−$2722.718% of the position

Long on QFEX Short on SunX

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)+0.028%+$3 · spread now +0.162%, 7d avg +0.292%

Together, before fees+0.028%+$3 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: SunX is 0.130% cheaper against QFEX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.292%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	74.040	0	get 0.0000% / 1h	8m 49s	$1.1M	$1.4M	10x
Short	SunX NFLX-USDT	74.160	0	get 0.0000% / 8h	6h 08m	$1K	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.162%Rate

Funding earned: $0
Price spread: +0.162% → +0.292%: −$13.03
Slippage, 4 orders: −$253.83
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$284.86
Costs to cover: 2.718%
Break-even: never at this rate

Slippage from QFEX: live order book, 1 min ago; SunX: live order book, 3 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	2.70 bp	11.7 bp −$12	19.6 bp −$196	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	45.16 bp	127.4 bp −$127	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	74.089	+0.067%	$12K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	74.110	+0.095%	$886K	$771K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	74.040	long leg	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	74.180	+0.189%	$4.2M	$620K	50x	as long as short
SunX NFLX-USDTshort	0.0000%	8h	74.160	+0.162%	$1K	$4.1M	10x
HTX NFLX-USDT	0.0000%	8h	74.076	+0.049%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.160	+0.162%	$1.4M	$341K	10x	as long as short
Gate NFLX_USDT	+0.0001%	8h	74.190	+0.203%	$1.4M	$1.1M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	74.050	+0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	74.055	+0.020%	$12K	$19K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	74.061	+0.028%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	74.070	+0.041%	$64K	$130K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	74.140	+0.135%	$153K	$157K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.151	+0.150%	$227	—	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.790	+1.013%	$83K	$131K	12x	as long as short
Phoenix NFLX	+0.0227%	1h	74.131	+0.123%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0309%	8h	74.168	+0.173%	$76K	$122K	—	as long as short
Binance NFLXUSDT	+0.0315%	8h	74.160	+0.162%	$5.4M	$5.5M	20x	as long as short
Bybit NFLXUSDT	+0.0343%	8h	74.220	+0.243%	$1.3M	$754K	50x	as long as short
BloFin NFLX-USDT	+0.0471%	8h	74.160	+0.162%	$423	$82K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0623%	8h	74.167	+0.171%	$257	$117K	10x	as long as short