Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0413%/8h= +45.2% APRpaid last 24h +0.104%

Price spread now: Bybit against Extended+0.115%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Bybit

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 airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bybit is 0.115% dearer against Extended than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NFLX-USD	73.376	0.0048	pay 0.0006% / 1h	4m 14s	$16K	$29K	10x
Short	Bybit NFLXUSDT	73.460	0.0461	get 0.0461% / 8h	7h 04m	$1.3M	$903K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.115%Rate

Funding earned: $86.72
Price spread: +0.115% → 0.000%: $11.45
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $82.17
Costs to cover: 0.160%
Break-even: 0.4 days

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 1 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 Extended no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	6.12 bp	15.8 bp −$16	150.6 bp −$1,506	doesn't fit	doesn't fit

Extended: 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	73.433	+0.077%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.500	+0.169%	$883K	$947K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.390	+0.019%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.510	+0.183%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.490	+0.155%	$4.3M	$569K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.503	+0.173%	$2K	$4.9M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.412	+0.049%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.500	+0.169%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.390	+0.019%	—	$21K	25x	as long as short
Extended NFLX-USDlong	+0.0048%	1h	73.376	long leg	$16K	$29K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.380	+0.006%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.430	+0.074%	$64K	$151K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.430	+0.074%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.482	+0.145%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0217%	8h	73.501	+0.171%	$94K	$139K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.140	+1.041%	$82K	$74K	12x	as long as short
Binance NFLXUSDT	+0.0223%	8h	73.499	+0.168%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0229%	1h	73.443	+0.091%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0237%	8h	73.500	+0.169%	$550	$150K	10x	as long as short
BloFin NFLX-USDT	+0.0370%	8h	73.500	+0.169%	$47K	$82K	20x	as long as short
Bybit NFLXUSDTshort	+0.0461%	8h	73.460	+0.115%	$1.3M	$903K	50x