Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0161%/8h= −17.6% APRpaid last 24h −0.071%

Price spread now: Vest against Variational Omni−0.146%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.146% cheaper against Variational Omni than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NFLX	73.648	0.0207	pay 0.0207% / 8h	5h 51m	$94K	$130K	—
Short	Vest NFLX-USD-PERP	73.540	0.0046	get 0.0006% / 1h	51m 18s	—	$21K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$33.79
Price spread: −0.146% → 0.000%: −$14.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$50.43
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 13 min ago; Vest: no order-book sample. 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, 13 min ago	2.89 bp	doesn't fit	29.2 bp −$292	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NFLX on 20 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	73.580	−0.092%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.620	−0.038%	$880K	$863K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.540	−0.146%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.700	+0.071%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.650	+0.003%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.632	−0.022%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.570	−0.106%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.640	−0.011%	$1.4M	$325K	10x	as long as short
Vest NFLX-USD-PERPshort	+0.0046%	1h	73.540	−0.146%	—	$21K	25x
Extended NFLX-USD	+0.0048%	1h	73.547	−0.137%	$16K	$29K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.553	−0.129%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.520	−0.174%	$64K	$143K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.580	−0.092%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.636	−0.016%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.629	−0.026%	$12K	$77K	10x	as long as short
Variational Omni NFLXlong	+0.0207%	8h	73.648	long leg	$94K	$130K	—
Binance NFLXUSDT	+0.0212%	8h	73.643	−0.006%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.950	+5.842%	$87K	$82K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0243%	8h	73.645	−0.004%	$275	$144K	10x	as long as short
Bybit NFLXUSDT	+0.0279%	8h	73.640	−0.011%	$1.3M	$898K	50x	as long as short