Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.085%

Price spread now: QFEX against Variational Omni−0.080%7-day average −0.292% · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.120%−$12 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.080%, 7d avg −0.292%

Together, before fees−0.167%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.212% dearer against Variational Omni than usual: you sell high and buy low (spread −0.080% now, against its 7-day average of −0.292%): +$21 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NFLX	73.569	0.0209	pay 0.0209% / 8h	6h 40m	$94K	$130K	—
Short	QFEX NFLX-USD	73.510	0.0000	pay 0.0000% / 1h	40m 11s	$1.1M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Variational Omni. 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 Variational OmnibpFee QFEXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$43.98
Price spread: −0.080% → −0.292%: $21.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$32.75
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 29 min ago; QFEX: live order book, 1 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 Variational Omni RFQ quote, 29 min ago	3.99 bp	doesn't fit	19.7 bp −$197	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	2.72 bp	9.3 bp −$9	17.9 bp −$179	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
QFEX NFLX-USDshort	0.0000%	1h	73.510	−0.080%	$1.1M	$1.5M	10x
Aster NFLXUSDT	0.0000%	8h	73.513	−0.075%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.570	+0.002%	$882K	$869K	20x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.620	+0.070%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.570	+0.002%	$4.3M	$545K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.578	+0.013%	$1K	$4.8M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.541	−0.038%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.580	+0.016%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.510	−0.080%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.495	−0.100%	$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:NFLX	+0.0050%	1h	73.501	−0.092%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.480	−0.120%	$64K	$142K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.540	−0.039%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.590	+0.029%	$225	—	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.541	−0.038%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0179%	8h	73.541	−0.038%	$468	$149K	10x	as long as short
Variational Omni NFLXlong	+0.0209%	8h	73.569	long leg	$94K	$130K	—
Binance NFLXUSDT	+0.0214%	8h	73.589	+0.028%	$5.5M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.250	+0.926%	$83K	$77K	12x	as long as short
Bybit NFLXUSDT	+0.0236%	8h	73.590	+0.029%	$1.3M	$898K	50x	as long as short
BloFin NFLX-USDT	+0.0365%	8h	73.520	−0.066%	$47K	$82K	20x	as long as short