Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.063%

Price spread now: Variational Omni against Extended+0.050%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.050% dearer against Extended than usual: you sell high and buy low: +$5 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	73.790	0.0048	pay 0.0006% / 1h	25m 16s	$12K	$19K	10x
Short	Variational Omni NFLX	73.827	0.0106	get 0.0106% / 8h	1h 25m	$94K	$130K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.050%Rate

Funding earned: $12.16
Price spread: +0.050% → 0.000%: $5.04
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $12.2
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; Variational Omni: RFQ quote, 19 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 Variational Omni RFQ quote, 19 min ago	2.89 bp	doesn't fit	45.4 bp −$454	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	73.780	−0.013%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.810	+0.027%	$877K	$829K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.810	+0.027%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.910	+0.163%	$4.3M	$593K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.862	+0.098%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.791	+0.001%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.860	+0.095%	$1.4M	$344K	10x	as long as short
Gate NFLX_USDT	+0.0040%	8h	73.870	+0.109%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.810	+0.027%	—	$21K	25x	as long as short
Extended NFLX-USDlong	+0.0048%	1h	73.790	long leg	$12K	$19K	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	73.796	+0.008%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.790	0.000%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.790	0.000%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.837	+0.063%	$226	—	10x	as long as short
Variational Omni NFLXshort	+0.0106%	8h	73.827	+0.050%	$94K	$130K	—
Binance NFLXUSDT	+0.0114%	8h	73.853	+0.085%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0184%	8h	73.849	+0.080%	$485	$139K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.823	+0.045%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.180	+5.949%	$87K	$110K	12x	as long as short
BloFin NFLX-USDT	+0.0234%	8h	73.840	+0.068%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0283%	8h	73.840	+0.068%	$1.3M	$872K	50x	as long as short