Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Phemex against Vest+0.054%45s7-day average — · you sell dearer than you buy

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

Long on Vest Short on Phemex

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 airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.054% dearer against Vest than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NFLX-USD-PERP	73.510	0.0046	pay 0.0006% / 1h	7m 30s	—	$21K	25x
Short	Phemex NFLXUSDT	73.550	0	get 0.0000% / 8h	4h 07m	$1.4M	$324K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Vest. 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 VestbpFee PhemexbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$9.59
Price spread: +0.054% → 0.000%: $5.44
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$18.15
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Phemex: live order book, 5 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 Vest no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	0.68 bp	44.7 bp −$45	doesn't fit	doesn't fit	doesn't fit

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 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	73.508	−0.002%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.540	+0.041%	$879K	$820K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.500	−0.014%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.136%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.541	+0.042%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.555	+0.061%	$10K	$53K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.550	+0.054%	$1.4M	$324K	10x
Vest NFLX-USD-PERPlong	+0.0046%	1h	73.510	long leg	—	$21K	25x
Extended NFLX-USD	+0.0048%	1h	73.495	−0.020%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.500	−0.014%	$4.9M	$2.9M	10x	as long as short

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	73.450	−0.082%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0061%	8h	73.640	+0.177%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	+0.027%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.552	+0.058%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0186%	8h	73.541	+0.043%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0193%	8h	73.548	+0.052%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.210	+0.952%	$83K	$92K	12x	as long as short
Phoenix NFLX	+0.0239%	1h	73.532	+0.030%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0254%	8h	73.565	+0.074%	$683	$144K	10x	as long as short
BloFin NFLX-USDT	+0.0322%	8h	73.560	+0.068%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0367%	8h	73.590	+0.109%	$1.3M	$875K	50x	as long as short