Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h −0.022%

Price spread now: Injective against Gate+0.871%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.871% dearer against Gate than usual: you sell high and buy low: +$87 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.152%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NFLX_USDT	73.500	0	get 0.0000% / 8h	7h 05m	$1.4M	$1.2M	25x
Short	Injective NFLX/USDC PERP	74.140	0.0220	get 0.0028% / 1h	5m 17s	$82K	$74K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.871%Rate

Funding earned: $46.2
Price spread: +0.871% → 0.000%: $87.07
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $118.25
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 2 min ago; Injective: 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 Gate live order book, 2 min ago	5.44 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.091%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.500	0.000%	$883K	$947K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.410	−0.122%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDTlong	0.0000%	8h	73.500	long leg	$1.4M	$1.2M	25x
Bitget NFLXUSDT	0.0000%	8h	73.490	−0.014%	$4.3M	$569K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.503	+0.004%	$1K	$4.9M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.493	−0.010%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.500	0.000%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.400	−0.136%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.381	−0.162%	$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	73.385	−0.156%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.430	−0.095%	$64K	$151K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.420	−0.109%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.480	−0.027%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0217%	8h	73.501	+0.002%	$94K	$139K	—	as long as short
Injective NFLX/USDC PERPshort	+0.0220%	1h	74.140	+0.871%	$82K	$74K	12x
Binance NFLXUSDT	+0.0223%	8h	73.500	−0.001%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0229%	1h	73.443	−0.078%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0237%	8h	73.500	0.000%	$550	$150K	10x	as long as short
BloFin NFLX-USDT	+0.0370%	8h	73.500	0.000%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0470%	8h	73.460	−0.054%	$1.3M	$906K	50x	as long as short