Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.027%

Price spread now: Gate against tradeXYZ+0.170%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.170%, 7d avg +0.115%

Together, before fees−0.221%+ Points / potential airdroptradeXYZ: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.055% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of +0.115%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.385	0.0050	pay 0.0006% / 1h	0m 08s	$5.0M	$2.9M	10x
Short	Gate NFLX_USDT	73.510	0	get 0.0000% / 8h	7h 00m	$1.4M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.170%Rate

Funding earned: −$10.5
Price spread: +0.170% → +0.115%: $5.53
Slippage, 4 orders: −$68.33
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$106.3
Costs to cover: 1.013%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Gate: live order book, 2 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, 8 min ago	0.95 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.44 bp	56.0 bp −$56	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	73.427	+0.057%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.450	+0.089%	$883K	$947K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.400	+0.020%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDTshort	0.0000%	8h	73.510	+0.170%	$1.4M	$1.2M	25x
Bitget NFLXUSDT	0.0000%	8h	73.490	+0.143%	$4.3M	$569K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.483	+0.134%	$1K	$4.9M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.495	+0.150%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.480	+0.129%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.400	+0.020%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.383	−0.003%	$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	73.385	long leg	$5.0M	$2.9M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.400	+0.020%	$64K	$151K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.430	+0.061%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.480	+0.129%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0220%	8h	73.478	+0.127%	$94K	$139K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.120	+1.002%	$82K	$74K	12x	as long as short
Binance NFLXUSDT	+0.0226%	8h	73.480	+0.129%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0229%	1h	73.433	+0.065%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0243%	8h	73.488	+0.140%	$550	$150K	10x	as long as short
BloFin NFLX-USDT	+0.0375%	8h	73.500	+0.157%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0423%	8h	73.470	+0.116%	$1.3M	$903K	50x	as long as short