Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.023%

Price spread now: tradeXYZ against SunX−0.094%7-day average −0.152% · you buy dearer than you sell

Net, funding: paid 7d − costs−$264as in the Funding arb table

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2792.786% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)−0.155%−$15 · spread now −0.094%, 7d avg −0.152%

Together, before fees−0.006%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.058% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.152%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NFLX-USDT	73.607	0	get 0.0000% / 8h	4h 32m	$1K	$4.6M	10x
Short	tradeXYZ xyz:NFLX	73.538	0.0050	get 0.0006% / 1h	32m 45s	$4.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.094%Rate

Funding earned: $10.5
Price spread: −0.094% → −0.152%: $5.81
Slippage, 4 orders: −$252.6
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$262.3
Costs to cover: 2.786%
Break-even: 181.9 days

Slippage from SunX: live order book, 6 min ago; tradeXYZ: live order book, 6 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, 6 min ago	45.92 bp	124.4 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	1.09 bp	11.3 bp −$11	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	73.551	−0.076%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.620	+0.018%	$880K	$834K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.530	−0.105%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.004%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDTlong	0.0000%	8h	73.607	long leg	$1K	$4.6M	10x
HTX NFLX-USDT	0.0000%	8h	73.541	−0.090%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.620	+0.018%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.530	−0.105%	—	$21K	25x	as long as short
Gate NFLX_USDT	+0.0046%	8h	73.650	+0.058%	$1.4M	$1.2M	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.531	−0.103%	$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:NFLXshort	+0.0050%	1h	73.538	−0.094%	$4.9M	$2.9M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.520	−0.118%	$65K	$140K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.550	−0.077%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.605	−0.003%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0200%	8h	73.597	−0.013%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0207%	8h	73.605	−0.002%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.260	+0.887%	$83K	$90K	12x	as long as short
Phoenix NFLX	+0.0239%	1h	73.572	−0.048%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0297%	8h	73.594	−0.018%	$634	$144K	10x	as long as short
BloFin NFLX-USDT	+0.0346%	8h	73.630	+0.031%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0385%	8h	73.630	+0.031%	$1.3M	$876K	50x	as long as short