Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Gate−0.190%7-day average −0.162% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.190%, 7d avg −0.162%

Together, before fees+0.053%+ Points / potential airdropOndo Perps: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.028% cheaper against Gate than usual: you would sell low and buy high (spread −0.190% now, against its 7-day average of −0.162%). If the spread goes back, that is −$3 on $10k: about 44 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.029% in total) that is about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NFLX_USDT	73.710	0	get 0.0000% / 8h	6h 16m	$1.4M	$1.2M	25x
Short	Ondo Perps NFLX-USD.P	73.570	0.0050	get 0.0006% / 1h	16m 05s	$64K	$142K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.190%Rate

Funding earned: $10.58
Price spread: −0.190% → −0.162%: −$2.76
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$12.17
Costs to cover: 0.200%
Break-even: 15.1 days

Slippage unknown: Gate: live order book, 1 min ago; Ondo Perps: 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, 1 min ago	2.71 bp	10.6 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 20 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	73.560	−0.204%	$1.1M	$1.4M	10x	as long as short
Aster NFLXUSDT	0.0000%	8h	73.581	−0.175%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.680	−0.041%	$881K	$868K	20x	as long as short
Gate NFLX_USDTlong	0.0000%	8h	73.710	long leg	$1.4M	$1.2M	25x
Bitget NFLXUSDT	0.0000%	8h	73.600	−0.149%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.664	−0.062%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.568	−0.193%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.690	−0.027%	$1.4M	$323K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.560	−0.204%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.574	−0.185%	$16K	$29K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.578	−0.179%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.Pshort	+0.0050%	1h	73.570	−0.190%	$64K	$142K	10x
KuCoin NFLXUSDTM	+0.0100%	8h	73.590	−0.163%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.649	−0.083%	$225	—	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.604	−0.144%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0207%	8h	73.671	−0.053%	$656	$146K	10x	as long as short
Variational Omni NFLX	+0.0212%	8h	73.651	−0.080%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0218%	8h	73.662	−0.066%	$5.5M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.310	+0.814%	$83K	$79K	12x	as long as short
Bybit NFLXUSDT	+0.0239%	8h	73.670	−0.054%	$1.3M	$896K	50x	as long as short