Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0312%/8h= −34.2% APRpaid last 24h −0.097%

Price spread now: QFEX against BloFin−0.109%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and QFEX is 0.109% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NFLX-USDT	73.520	0.0312	pay 0.0312% / 8h	36m 05s	$46K	$82K	20x
Short	QFEX NFLX-USD	73.440	0	get 0.0000% / 1h	36m 05s	$1.1M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$65.54
Price spread: −0.109% → 0.000%: −$10.88
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$98.42
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; QFEX: live order book, 5 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 BloFin no order-book sample	—	—	—	—	—
Sell QFEX live order book, 5 min ago	2.04 bp	12.5 bp −$12	18.7 bp −$187	doesn't fit	doesn't fit

BloFin: 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	73.459	−0.082%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.520	0.000%	$872K	$988K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.440	−0.109%	$1.1M	$1.5M	10x
Gate NFLX_USDT	0.0000%	8h	73.560	+0.054%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.521	+0.001%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.376	−0.196%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.520	0.000%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.400	−0.163%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.431	−0.121%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.435	−0.116%	$5.1M	$3.0M	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	73.400	−0.163%	$68K	$172K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.450	−0.095%	$152K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.527	+0.010%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0111%	8h	73.510	−0.014%	$4.2M	$638K	50x	as long as short
Variational Omni NFLX	+0.0186%	8h	73.517	−0.005%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0189%	8h	73.520	0.000%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.475	−0.061%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.170	+0.884%	$83K	$64K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0300%	8h	73.520	0.000%	$834	$157K	10x	as long as short
BloFin NFLX-USDTlong	+0.0312%	8h	73.520	long leg	$46K	$82K	20x
Bybit NFLXUSDT	+0.0398%	8h	73.540	+0.027%	$1.3M	$1.0M	50x	as long as short