Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0173%/8h= −18.9% APRpaid last 24h −0.011%

Price spread now: Gate against Injective−0.845%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 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 −$5 a day on $10k at the current rate, and Gate is 0.845% cheaper against Injective than usual: you would sell low and buy high (−$84 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 +0.138%, 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	74.600	0.0220	pay 0.0028% / 1h	45m 02s	$83K	$108K	12x
Short	Gate NFLX_USDT	73.970	0.0047	get 0.0047% / 8h	1h 45m	$1.4M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.845%Rate

Funding earned: −$36.33
Price spread: −0.845% → 0.000%: −$84.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$135.8
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 63 min ago; Gate: live order book, 2 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, 63 min ago	42.94 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	9.46 bp	92.3 bp −$92	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	73.892	−0.949%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.890	−0.952%	$878K	$837K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.850	−1.005%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.950	−0.871%	$4.3M	$592K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.955	−0.865%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.904	−0.933%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.950	−0.871%	$1.4M	$343K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.860	−0.992%	—	$21K	25x	as long as short
Gate NFLX_USDTshort	+0.0047%	8h	73.970	−0.845%	$1.4M	$1.2M	25x
Extended NFLX-USD	+0.0048%	1h	73.872	−0.976%	$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	73.859	−0.993%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.810	−1.059%	$66K	$144K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.890	−0.952%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.950	−0.872%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0116%	8h	73.942	−0.882%	$95K	$126K	—	as long as short
Binance NFLXUSDT	+0.0122%	8h	73.957	−0.862%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0179%	8h	73.950	−0.871%	$527	$140K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.937	−0.889%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERPlong	+0.0220%	1h	74.600	long leg	$83K	$108K	12x
BloFin NFLX-USDT	+0.0242%	8h	73.920	−0.912%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0276%	8h	73.900	−0.938%	$1.3M	$873K	50x	as long as short