Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.089%

Price spread now: Injective against Binance+0.851%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.358%−$36 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Injective is 0.851% dearer against Binance than usual: you sell high and buy low: +$85 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.358%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NFLXUSDT	73.584	0.0208	pay 0.0208% / 8h	1h 44m	$5.4M	$5.4M	20x
Short	Injective NFLX/USDC PERP	74.210	0.0220	get 0.0028% / 1h	44m 46s	$83K	$57K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +0.851%Rate

Funding earned: $2.54
Price spread: +0.851% → 0.000%: $85.09
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $77.61
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 8 min ago; Injective: 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 Binance live order book, 8 min ago	1.36 bp	13.8 bp −$14	31.9 bp −$319	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	73.528	−0.075%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.620	+0.049%	$874K	$1.0M	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.510	−0.100%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.600	+0.022%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.597	+0.018%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.537	−0.064%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.610	+0.036%	$1.4M	$331K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.500	−0.114%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.472	−0.151%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.482	−0.138%	$5.1M	$3.2M	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	73.510	−0.100%	$68K	$169K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.490	−0.128%	$152K	$13K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.573	−0.015%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0177%	8h	73.570	−0.019%	$4.2M	$621K	50x	as long as short
Variational Omni NFLX	+0.0202%	8h	73.589	+0.007%	$120K	$106K	—	as long as short
Binance NFLXUSDTlong	+0.0208%	8h	73.584	long leg	$5.4M	$5.4M	20x
Injective NFLX/USDC PERPshort	+0.0220%	1h	74.210	+0.851%	$83K	$57K	12x
Phoenix NFLX	+0.0272%	1h	73.595	+0.015%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0339%	8h	73.576	−0.011%	$838	$157K	10x	as long as short
Bybit NFLXUSDT	+0.0345%	8h	73.570	−0.019%	$1.3M	$1.0M	50x	as long as short
BloFin NFLX-USDT	+0.0346%	8h	73.590	+0.008%	$46K	$82K	20x	as long as short