Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.006%

Price spread now: Aster against Injective−5.552%57s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aster is 5.552% cheaper against Injective than usual: you would sell low and buy high (−$555 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NFLX/USDC PERP	77.870	0.0220	pay 0.0028% / 1h	16m 14s	$87K	$91K	12x
Short	Aster NFLXUSDT	73.546	0	get 0.0000% / 8h	4h 16m	$11K	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −5.552%Rate

Funding earned: −$46.2
Price spread: −5.552% → 0.000%: −$555.24
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$609.46
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aster: 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 Injective no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Injective and Aster: 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 NFLXUSDTshort	0.0000%	8h	73.546	−5.552%	$11K	$5K	20x
OKX NFLX-USDT-SWAP	0.0000%	8h	73.550	−5.548%	$879K	$830K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.500	−5.612%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	−5.471%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.560	−5.535%	$953	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.539	−5.562%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.560	−5.535%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.500	−5.612%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.492	−5.622%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.501	−5.611%	$4.9M	$2.9M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.460	−5.663%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0062%	8h	73.640	−5.432%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	−5.573%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.558	−5.537%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0187%	8h	73.551	−5.546%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0194%	8h	73.550	−5.548%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERPlong	+0.0220%	1h	77.870	long leg	$87K	$91K	12x
Phoenix NFLX	+0.0239%	1h	73.564	−5.530%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0260%	8h	73.580	−5.509%	$614	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0322%	8h	73.580	−5.509%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0378%	8h	73.610	−5.471%	$1.3M	$875K	50x	as long as short