Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0119%/8h= +13.1% APRpaid last 24h +0.063%

Price spread now: Variational Omni against tradeXYZ+0.031%7-day average +0.133% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.031%, 7d avg +0.133%

Together, before fees+0.069%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.102% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.133%). If the spread goes back, that is −$10 on $10k: about 2.8 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.050% in total) that is about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.519	0.0050	pay 0.0006% / 1h	37m 09s	$4.9M	$2.9M	10x
Short	Variational Omni NFLX	73.542	0.0169	get 0.0169% / 8h	3h 37m	$94K	$129K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.031%Rate

Funding earned: $25.03
Price spread: +0.031% → +0.133%: −$10.17
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.14
Costs to cover: 0.180%
Break-even: 7.9 days

Slippage unknown: tradeXYZ: live order book, 1 min ago; Variational Omni: RFQ quote, 17 min ago. Net counts fees only.

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, 1 min ago	0.82 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 17 min ago	2.89 bp	doesn't fit	30.3 bp −$303	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	73.542	+0.031%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.590	+0.097%	$879K	$816K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.520	+0.001%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.124%	$4.3M	$560K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.580	+0.083%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.600	+0.110%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.570	+0.069%	$1.4M	$325K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.520	+0.001%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.510	−0.012%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLXlong	+0.0050%	1h	73.519	long leg	$4.9M	$2.9M	10x

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	73.490	−0.039%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0067%	8h	73.630	+0.151%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.540	+0.029%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.572	+0.072%	$225	—	10x	as long as short
Variational Omni NFLXshort	+0.0169%	8h	73.542	+0.031%	$94K	$129K	—
Binance NFLXUSDT	+0.0172%	8h	73.570	+0.069%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0201%	8h	73.570	+0.069%	$519	$143K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.930	+6.000%	$87K	$96K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.543	+0.033%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0292%	8h	73.580	+0.083%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0366%	8h	73.620	+0.137%	$1.3M	$875K	50x	as long as short