Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: QFEX against SunX−0.068%7-day average −0.304% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$248as in the Price arb table

costs, in and out, $10k−$2722.715% of the position

Long on SunX Short on QFEX

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)−0.104%−$10 · spread now −0.068%, 7d avg −0.304%

Together, before fees−0.104%−$10 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: QFEX is 0.236% dearer against SunX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.304%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NFLX-USDT	73.560	0	get 0.0000% / 8h	3h 44m	$2K	$4.6M	10x
Short	QFEX NFLX-USD	73.510	0	get 0.0000% / 1h	44m 08s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.304%: $23.56
Slippage, 4 orders: −$253.51
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$247.95
Costs to cover: 2.715%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; QFEX: live order book, 7 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 SunX live order book, 4 min ago	45.26 bp	123.6 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.36 bp	9.4 bp −$9	18.8 bp −$188	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	73.537	−0.032%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.560	0.000%	$879K	$816K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.510	−0.068%	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.068%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDTlong	0.0000%	8h	73.560	long leg	$2K	$4.6M	10x
HTX NFLX-USDT	0.0000%	8h	73.598	+0.052%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.570	+0.014%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.510	−0.068%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.505	−0.075%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.510	−0.068%	$4.9M	$2.9M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.480	−0.109%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0059%	8h	73.620	+0.082%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	−0.041%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.567	+0.009%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0175%	8h	73.552	−0.011%	$94K	$129K	—	as long as short
Binance NFLXUSDT	+0.0181%	8h	73.568	+0.010%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.890	+5.886%	$87K	$95K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0225%	8h	73.576	+0.021%	$529	$143K	10x	as long as short
Phoenix NFLX	+0.0250%	1h	73.584	+0.033%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0302%	8h	73.560	0.000%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0375%	8h	73.640	+0.109%	$1.3M	$875K	50x	as long as short