Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Aster+0.113%7-day average — · you sell dearer than you buy

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.113% dearer against Aster than usual: you sell high and buy low, +$11 on $10k if it 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	Aster NFLXUSDT	73.377	0	get 0.0000% / 8h	3h 30m	$11K	$5K	20x
Short	Phemex NFLXUSDT	73.460	0	get 0.0000% / 8h	3h 30m	$1.4M	$322K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → 0.000%: $11.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$8.7
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Phemex: live order book, 3 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 Aster no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	1.36 bp	50.1 bp −$50	doesn't fit	doesn't fit	doesn't fit

Aster: 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 NFLXUSDTlong	0.0000%	8h	73.377	long leg	$11K	$5K	20x
OKX NFLX-USDT-SWAP	0.0000%	8h	73.450	+0.099%	$869K	$989K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.330	−0.064%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.470	+0.127%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.436	+0.080%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.498	+0.165%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.460	+0.113%	$1.4M	$322K	10x
Bitget NFLXUSDT	+0.0022%	8h	73.510	+0.181%	$4.2M	$595K	50x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.330	−0.064%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.343	−0.046%	$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	73.352	−0.034%	$5.1M	$3.1M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.300	−0.105%	$70K	$167K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.420	+0.058%	$152K	$11K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.437	+0.082%	$225	—	10x	as long as short
Binance NFLXUSDT	+0.0139%	8h	73.441	+0.087%	$5.4M	$5.3M	20x	as long as short
Variational Omni NFLX	+0.0143%	8h	73.449	+0.098%	$120K	$111K	—	as long as short
Phoenix NFLX	+0.0218%	1h	73.392	+0.020%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.080	+0.958%	$83K	$45K	12x	as long as short
BloFin NFLX-USDT	+0.0259%	8h	73.460	+0.113%	$46K	$82K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0265%	8h	73.450	+0.099%	$893	$157K	10x	as long as short
Bybit NFLXUSDT	+0.0394%	8h	73.440	+0.086%	$1.3M	$1.0M	50x	as long as short