Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h −0.010%

Price spread now: QFEX against Bitget−0.041%7-day average −0.240% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.041%, 7d avg −0.240%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.199% dearer against Bitget than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.240%): +$20 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 3 days (−0.010% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NFLXUSDT	73.570	0.0178	pay 0.0178% / 8h	1h 46m	$4.2M	$621K	50x
Short	QFEX NFLX-USD	73.540	0	get 0.0000% / 1h	46m 57s	$1.1M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$37.38
Price spread: −0.041% → −0.240%: $19.95
Slippage, 4 orders: −$42.89
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$82.33
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; QFEX: live order book, 5 min ago.

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 Bitget live order book, 1 min ago	8.83 bp	17.0 bp −$17	29.1 bp −$291	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.04 bp	15.2 bp −$15	24.8 bp −$248	doesn't fit	doesn't fit

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	73.542	−0.039%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.610	+0.054%	$874K	$999K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.540	−0.041%	$1.1M	$1.4M	10x
Gate NFLX_USDT	0.0000%	8h	73.620	+0.068%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.598	+0.038%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.537	−0.045%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.590	+0.027%	$1.4M	$331K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.530	−0.054%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.466	−0.141%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.483	−0.118%	$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	73.550	−0.027%	$68K	$169K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.490	−0.109%	$152K	$13K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.588	+0.025%	$225	—	10x	as long as short
Bitget NFLXUSDTlong	+0.0178%	8h	73.570	long leg	$4.2M	$621K	50x
Binance NFLXUSDT	+0.0208%	8h	73.588	+0.024%	$5.4M	$5.4M	20x	as long as short
Variational Omni NFLX	+0.0208%	8h	73.604	+0.046%	$120K	$106K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.230	+0.897%	$83K	$57K	12x	as long as short
Phoenix NFLX	+0.0272%	1h	73.595	+0.034%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0342%	8h	73.570	0.000%	$1.3M	$1.0M	50x	as long as short
GRVT NFLX_USDT_Perp	+0.0343%	8h	73.603	+0.045%	$656	$158K	10x	as long as short
BloFin NFLX-USDT	+0.0346%	8h	73.590	+0.027%	$46K	$82K	20x	as long as short