Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.037%

Price spread now: OKX against tradeXYZ+0.169%7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.169%, 7d avg +0.125%

Together, before fees−0.122%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.043% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of +0.125%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.028% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.506	0.0050	pay 0.0006% / 1h	0m 46s	$4.9M	$2.9M	10x
Short	OKX NFLX-USDT-SWAP	73.630	0	get 0.0000% / 8h	5h 00m	$880K	$861K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.169%Rate

Funding earned: −$10.5
Price spread: +0.169% → +0.125%: $4.34
Slippage, 4 orders: −$30.56
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$64.72
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; OKX: live order book, 60 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	1.56 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 60 min ago	2.04 bp	24.5 bp −$24	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	73.535	+0.039%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPshort	0.0000%	8h	73.630	+0.169%	$880K	$861K	20x
QFEX NFLX-USD	0.0000%	1h	73.490	−0.022%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.141%	$4.3M	$546K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.595	+0.121%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.544	+0.052%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.600	+0.128%	$1.4M	$326K	10x	as long as short
Gate NFLX_USDT	+0.0024%	8h	73.630	+0.169%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.490	−0.022%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.505	−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:NFLXlong	+0.0050%	1h	73.506	long leg	$4.9M	$2.9M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.510	+0.005%	$65K	$139K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	+0.033%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.584	+0.105%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.569	+0.086%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0211%	8h	73.591	+0.115%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0218%	8h	73.592	+0.116%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.880	+5.951%	$87K	$87K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0306%	8h	73.582	+0.104%	$809	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0361%	8h	73.610	+0.141%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0407%	8h	73.620	+0.155%	$1.3M	$880K	50x	as long as short