Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Phemex against Aevo−0.002%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NFLX-PERP	73.782	0.0104	pay 0.0013% / 1h	6m 41s	$226	—	10x
Short	Phemex NFLXUSDT	73.780	0	get 0.0000% / 8h	3h 06m	$1.4M	$328K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$21.84
Price spread: −0.002% → 0.000%: −$0.23
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$50.07
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Phemex: 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 Aevo no order-book sample	—	—	—	—	—
Sell Phemex live order book, 1 min ago	0.68 bp	52.7 bp −$53	doesn't fit	doesn't fit	doesn't fit

Aevo: 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	73.748	−0.046%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.770	−0.016%	$881K	$820K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.750	−0.043%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.750	−0.043%	$4.3M	$573K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.781	−0.001%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.685	−0.131%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.780	−0.002%	$1.4M	$328K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.730	−0.070%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.701	−0.110%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.705	−0.104%	$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	73.760	−0.029%	$65K	$140K	10x	as long as short
Gate NFLX_USDT	+0.0074%	8h	73.830	+0.065%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.760	−0.029%	$152K	$38K	20x	as long as short
Aevo NFLX-PERPlong	+0.0104%	1h	73.782	long leg	$226	—	10x
Binance NFLXUSDT	+0.0139%	8h	73.780	−0.002%	$5.4M	$5.4M	20x	as long as short
Variational Omni NFLX	+0.0146%	8h	73.651	−0.177%	$97K	$132K	—	as long as short
GRVT NFLX_USDT_Perp	+0.0174%	8h	73.670	−0.152%	$441	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.150	+5.921%	$87K	$99K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.663	−0.161%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0261%	8h	73.690	−0.124%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0342%	8h	73.810	+0.038%	$1.3M	$884K	50x	as long as short