Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h +0.073%

Price spread now: Binance against Injective−5.535%7-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 Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.362%+$36 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 5.535% cheaper against Injective than usual: you would sell low and buy high (−$553 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.362%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NFLX/USDC PERP	78.180	0.0220	pay 0.0028% / 1h	25m 15s	$87K	$110K	12x
Short	Binance NFLXUSDT	73.853	0.0114	get 0.0114% / 8h	1h 25m	$5.4M	$5.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −5.535%Rate

Funding earned: −$22.22
Price spread: −5.535% → 0.000%: −$553.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$585.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 18 min ago; Binance: live order book, 13 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 Injective live order book, 18 min ago	43.52 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.68 bp	12.6 bp −$13	29.1 bp −$291	171.6 bp −$17.2K	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	73.780	−5.628%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.810	−5.590%	$877K	$829K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.810	−5.590%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.910	−5.462%	$4.3M	$593K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.862	−5.523%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.791	−5.614%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.860	−5.526%	$1.4M	$344K	10x	as long as short
Gate NFLX_USDT	+0.0040%	8h	73.870	−5.513%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.810	−5.590%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.790	−5.615%	$12K	$19K	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	73.796	−5.608%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.790	−5.615%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.790	−5.615%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.837	−5.556%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0106%	8h	73.827	−5.568%	$94K	$130K	—	as long as short
Binance NFLXUSDTshort	+0.0114%	8h	73.853	−5.535%	$5.4M	$5.6M	20x
GRVT NFLX_USDT_Perp	+0.0184%	8h	73.849	−5.539%	$485	$139K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.823	−5.573%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERPlong	+0.0220%	1h	78.180	long leg	$87K	$110K	12x
BloFin NFLX-USDT	+0.0234%	8h	73.840	−5.551%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0283%	8h	73.840	−5.551%	$1.3M	$872K	50x	as long as short