Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h +0.077%

Price spread now: Phoenix against Aster+0.071%95s7-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 Phoenix

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

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.071% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 95 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	Aster NFLXUSDT	73.485	0	get 0.0000% / 8h	1h 03m	$11K	$5K	20x
Short	Phoenix NFLX	73.537	0.0272	get 0.0034% / 1h	3m 53s	$12K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.071%Rate

Funding earned: $57.11
Price spread: +0.071% → 0.000%: $7.14
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $49.25
Costs to cover: 0.150%
Break-even: 1.0 days

Slippage unknown: Aster: no order-book sample; Phoenix: 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 Aster no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Aster and Phoenix: 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	73.485	long leg	$11K	$5K	20x
OKX NFLX-USDT-SWAP	0.0000%	8h	73.530	+0.062%	$873K	$990K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.460	−0.033%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.580	+0.130%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.547	+0.085%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.527	+0.058%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.540	+0.076%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.460	−0.033%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.464	−0.028%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.468	−0.022%	$5.1M	$3.1M	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	73.380	−0.142%	$68K	$169K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.470	−0.020%	$152K	$13K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.547	+0.085%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0141%	8h	73.540	+0.076%	$4.2M	$611K	50x	as long as short
Binance NFLXUSDT	+0.0191%	8h	73.530	+0.062%	$5.4M	$5.4M	20x	as long as short
Variational Omni NFLX	+0.0193%	8h	73.545	+0.082%	$120K	$106K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.190	+0.960%	$83K	$61K	12x	as long as short
Phoenix NFLXshort	+0.0272%	1h	73.537	+0.071%	$12K	$77K	10x
BloFin NFLX-USDT	+0.0321%	8h	73.550	+0.089%	$46K	$82K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0322%	8h	73.558	+0.101%	$569	$157K	10x	as long as short
Bybit NFLXUSDT	+0.0371%	8h	73.570	+0.116%	$1.3M	$993K	50x	as long as short