Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.071%

Price spread now: Variational Omni against Vest+0.098%7-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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.098% dearer against Vest than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NFLX-USD-PERP	73.880	0.0046	pay 0.0006% / 1h	39m 54s	—	$21K	25x
Short	Variational Omni NFLX	73.952	0.0114	get 0.0114% / 8h	1h 39m	$95K	$126K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.098%Rate

Funding earned: $14.25
Price spread: +0.098% → 0.000%: $9.75
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $22.01
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	2.89 bp	doesn't fit	45.4 bp −$454	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	73.896	+0.021%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.890	+0.014%	$878K	$835K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.870	−0.014%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.960	+0.108%	$4.3M	$592K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.944	+0.087%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.906	+0.035%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.930	+0.068%	$1.4M	$343K	10x	as long as short
Vest NFLX-USD-PERPlong	+0.0046%	1h	73.880	long leg	—	$21K	25x
Gate NFLX_USDT	+0.0047%	8h	73.970	+0.122%	$1.4M	$1.2M	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.884	+0.005%	$12K	$19K	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	73.879	−0.001%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.850	−0.041%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.890	+0.014%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.950	+0.095%	$226	—	10x	as long as short
Variational Omni NFLXshort	+0.0114%	8h	73.952	+0.098%	$95K	$126K	—
Binance NFLXUSDT	+0.0121%	8h	73.948	+0.093%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0180%	8h	73.959	+0.108%	$501	$139K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.955	+0.102%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.610	+0.988%	$83K	$109K	12x	as long as short
BloFin NFLX-USDT	+0.0241%	8h	73.950	+0.095%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0275%	8h	73.900	+0.027%	$1.3M	$872K	50x	as long as short