Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.085%

Price spread now: Variational Omni against QFEX+0.052%7-day average +0.292% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.120%+$12 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.052%, 7d avg +0.292%

Together, before fees+0.194%+ Points / potential airdropVariational Omni: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.239% cheaper against QFEX than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.292%). If the spread goes back, that is −$24 on $10k: about 3.8 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.530	0.0000	get 0.0000% / 1h	38m 16s	$1.1M	$1.5M	10x
Short	Variational Omni NFLX	73.569	0.0209	get 0.0209% / 8h	6h 38m	$94K	$130K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.052%Rate

Funding earned: $43.98
Price spread: +0.052% → +0.292%: −$23.94
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.04
Costs to cover: 0.100%
Break-even: 5.4 days

Slippage unknown: QFEX: live order book, 3 min ago; Variational Omni: RFQ quote, 31 min ago. Net counts fees only.

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, 3 min ago	2.72 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 31 min ago	3.99 bp	doesn't fit	41.5 bp −$415	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
QFEX NFLX-USDlong	0.0000%	1h	73.530	long leg	$1.1M	$1.5M	10x
Aster NFLXUSDT	0.0000%	8h	73.532	+0.002%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.570	+0.054%	$882K	$869K	20x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.630	+0.136%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.600	+0.095%	$4.3M	$545K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.583	+0.072%	$1K	$4.8M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.541	+0.015%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.580	+0.068%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.520	−0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.531	+0.001%	$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	73.520	−0.014%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.480	−0.068%	$64K	$142K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.560	+0.041%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.599	+0.094%	$225	—	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0161%	8h	73.580	+0.068%	$495	$149K	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.542	+0.016%	$12K	$77K	10x	as long as short
Variational Omni NFLXshort	+0.0209%	8h	73.569	+0.052%	$94K	$130K	—
Bybit NFLXUSDT	+0.0210%	8h	73.610	+0.109%	$1.3M	$898K	50x	as long as short
Binance NFLXUSDT	+0.0213%	8h	73.590	+0.082%	$5.5M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.920	+5.970%	$87K	$77K	12x	as long as short
BloFin NFLX-USDT	+0.0365%	8h	73.520	−0.014%	$47K	$82K	20x	as long as short