Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.022%

Price spread now: HTX against Injective−5.452%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 HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 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 −$7 a day on $10k at the current rate, and HTX is 5.452% cheaper against Injective than usual: you would sell low and buy high (−$545 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 +0.128%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.128% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NFLX/USDC PERP	78.430	0.0220	pay 0.0028% / 1h	54m 25s	$87K	$126K	12x
Short	HTX NFLX-USDT	74.154	0	get 0.0000% / 8h	6h 54m	$10K	$52K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −5.452%Rate

Funding earned: −$46.2
Price spread: −5.452% → 0.000%: −$545.2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$603.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 30 min ago; HTX: 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 live order book, 30 min ago	48.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 NFLXUSDT	0.0000%	8h	74.181	−5.418%	$12K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	74.090	−5.534%	$887K	$789K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	74.020	−5.623%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	74.100	−5.521%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.110	−5.508%	$4.2M	$624K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.092	−5.531%	$1K	$4.2M	10x	as long as short
HTX NFLX-USDTshort	0.0000%	8h	74.154	−5.452%	$10K	$52K	20x
Phemex NFLXUSDT	0.0000%	8h	74.110	−5.508%	$1.4M	$345K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	74.030	−5.610%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	74.018	−5.626%	$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	74.025	−5.616%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	74.020	−5.623%	$64K	$138K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	74.100	−5.521%	$152K	$110K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.089	−5.535%	$227	—	10x	as long as short
Injective NFLX/USDC PERPlong	+0.0220%	1h	78.430	long leg	$87K	$126K	12x
Phoenix NFLX	+0.0238%	1h	74.052	−5.582%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0256%	8h	74.101	−5.520%	$76K	$123K	—	as long as short
Binance NFLXUSDT	+0.0257%	8h	74.109	−5.509%	$5.4M	$5.6M	20x	as long as short
Bybit NFLXUSDT	+0.0352%	8h	74.140	−5.470%	$1.3M	$829K	50x	as long as short
BloFin NFLX-USDT	+0.0387%	8h	74.100	−5.521%	$47K	$82K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0755%	8h	74.116	−5.501%	$257	$122K	10x	as long as short