Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate−0.134%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$378as in the Funding arb table

Net, price: spread back to 7d avg − costs−$393as in the Price arb table

costs, in and out, $10k−$3783.776% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.485%+$48 · spread now −0.134%, 7d avg +0.024%

Together, before fees+0.479%+$48 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.158% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NFLX_USDT	73.700	0	get 0.0000% / 8h	5h 26m	$1.4M	$1.1M	25x
Short	SunX NFLX-USDT	73.601	0	get 0.0000% / 8h	5h 26m	$1K	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → +0.024%: −$15.8
Slippage, 4 orders: −$354.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$393.44
Costs to cover: 3.776%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; SunX: live order book, 12 min ago.

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	0.68 bp	9.3 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	45.20 bp	127.3 bp −$127	doesn't fit	doesn't fit	doesn't fit

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	73.559	−0.191%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.630	−0.095%	$880K	$860K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.540	−0.217%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDTlong	0.0000%	8h	73.700	long leg	$1.4M	$1.1M	25x
Bitget NFLXUSDT	0.0000%	8h	73.650	−0.068%	$4.3M	$543K	50x	as long as short
SunX NFLX-USDTshort	0.0000%	8h	73.601	−0.134%	$1K	$4.7M	10x
HTX NFLX-USDT	0.0000%	8h	73.627	−0.099%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.620	−0.109%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	−0.217%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.534	−0.225%	$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	73.540	−0.217%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.530	−0.231%	$65K	$144K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.550	−0.204%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.597	−0.140%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.588	−0.152%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0207%	8h	73.635	−0.088%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0211%	8h	73.600	−0.136%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.910	+5.712%	$87K	$85K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0262%	8h	73.630	−0.095%	$658	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0352%	8h	73.620	−0.109%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0361%	8h	73.650	−0.068%	$1.3M	$889K	50x	as long as short