Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.059%

Price spread now: Binance against tradeXYZ+0.101%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.101%, 7d avg +0.131%

Together, before fees+0.062%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.031% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.101% now, against its 7-day average of +0.131%). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.081% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.546	0.0050	pay 0.0006% / 1h	22m 57s	$4.9M	$2.9M	10x
Short	Binance NFLXUSDT	73.620	0.0208	get 0.0208% / 8h	5h 22m	$5.4M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.101%Rate

Funding earned: $33.21
Price spread: +0.101% → +0.131%: −$3.09
Slippage, 4 orders: −$18.01
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15.89
Costs to cover: 0.460%
Break-even: 10.3 days

Slippage from tradeXYZ: live order book, 4 min ago; Binance: live order book, 15 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 tradeXYZ live order book, 4 min ago	1.29 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.68 bp	10.1 bp −$10	31.7 bp −$317	167.4 bp −$16.7K	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	73.555	+0.012%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.620	+0.101%	$880K	$860K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.550	+0.005%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.700	+0.209%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.640	+0.128%	$4.3M	$543K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.611	+0.088%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.624	+0.106%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.630	+0.114%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	−0.008%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.539	−0.009%	$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:NFLXlong	+0.0050%	1h	73.546	long leg	$4.9M	$2.9M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.560	+0.019%	$65K	$144K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.550	+0.005%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.593	+0.064%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.583	+0.050%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0206%	8h	73.595	+0.067%	$94K	$130K	—	as long as short
Binance NFLXUSDTshort	+0.0208%	8h	73.620	+0.101%	$5.4M	$5.4M	20x
Injective NFLX/USDC PERP	+0.0220%	1h	77.920	+5.947%	$87K	$85K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0260%	8h	73.623	+0.104%	$657	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0346%	8h	73.580	+0.046%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0371%	8h	73.610	+0.087%	$1.3M	$887K	50x	as long as short