Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.056%

Price spread now: OKX against Injective−5.614%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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 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 OKX is 5.614% cheaper against Injective than usual: you would sell low and buy high (−$561 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 +0.256%, 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	78.380	0.0220	pay 0.0028% / 1h	25m 15s	$88K	$104K	12x
Short	OKX NFLX-USDT-SWAP	73.980	0	get 0.0000% / 8h	2h 25m	$883K	$823K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −5.614%Rate

Funding earned: −$46.2
Price spread: −5.614% → 0.000%: −$561.37
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$617.59
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 23 min ago; OKX: live order book, 21 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, 23 min ago	42.94 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 21 min ago	3.39 bp	22.6 bp −$23	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	73.954	−5.646%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPshort	0.0000%	8h	73.980	−5.614%	$883K	$823K	20x
QFEX NFLX-USD	0.0000%	1h	73.930	−5.677%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.000	−5.588%	$4.3M	$591K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.002	−5.586%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.959	−5.640%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.000	−5.588%	$1.4M	$336K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.940	−5.665%	—	$21K	25x	as long as short
Gate NFLX_USDT	+0.0046%	8h	74.030	−5.550%	$1.4M	$1.2M	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.906	−5.708%	$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	73.924	−5.685%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.870	−5.754%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.930	−5.677%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.002	−5.585%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0118%	8h	73.993	−5.597%	$95K	$127K	—	as long as short
Binance NFLXUSDT	+0.0123%	8h	74.000	−5.588%	$5.4M	$5.5M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0164%	8h	73.980	−5.614%	$447	$141K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.981	−5.612%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERPlong	+0.0220%	1h	78.380	long leg	$88K	$104K	12x
BloFin NFLX-USDT	+0.0243%	8h	73.990	−5.601%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0308%	8h	73.960	−5.639%	$1.3M	$903K	50x	as long as short