Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0154%/8h= −16.8% APRpaid last 24h −0.117%

Price spread now: Vest against Bybit−0.082%47s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Vest

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.082% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 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	Bybit NFLXUSDT	73.610	0.0199	pay 0.0199% / 8h	6h 35m	$1.3M	$898K	50x
Short	Vest NFLX-USD-PERP	73.550	0.0046	get 0.0006% / 1h	35m 46s	—	$21K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bybit. 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 BybitbpFee VestbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$32.27
Price spread: −0.082% → 0.000%: −$8.15
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$53.42
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Vest: 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 Bybit live order book, 5 min ago	4.08 bp	29.1 bp −$29	153.5 bp −$1,535	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
QFEX NFLX-USD	0.0000%	1h	73.550	−0.082%	$1.1M	$1.5M	10x	as long as short
Aster NFLXUSDT	0.0000%	8h	73.529	−0.110%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.640	+0.041%	$882K	$870K	20x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.670	+0.082%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.600	−0.014%	$4.3M	$545K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.653	+0.058%	$2K	$4.8M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.498	−0.152%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.660	+0.068%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERPshort	+0.0046%	1h	73.550	−0.082%	—	$21K	25x
Extended NFLX-USD	+0.0048%	1h	73.548	−0.084%	$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	73.530	−0.109%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.520	−0.122%	$64K	$142K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.570	−0.054%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.612	+0.003%	$225	—	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0150%	8h	73.592	−0.024%	$495	$149K	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.569	−0.056%	$12K	$77K	10x	as long as short
Bybit NFLXUSDTlong	+0.0199%	8h	73.610	long leg	$1.3M	$898K	50x
Variational Omni NFLX	+0.0204%	8h	73.649	+0.052%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0211%	8h	73.650	+0.054%	$5.5M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.960	+5.910%	$87K	$77K	12x	as long as short
BloFin NFLX-USDT	+0.0365%	8h	73.520	−0.122%	$47K	$82K	20x	as long as short