Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin−0.014%7-day average −0.110% · you buy dearer than you sell

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.014%, 7d avg −0.110%

Together, before fees−0.246%+ Points / potential airdropOndo Perps: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.096% dearer against KuCoin than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.110%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NFLXUSDTM	73.890	0.0100	pay 0.0100% / 8h	3m 16s	$151K	$49K	20x
Short	Ondo Perps NFLX-USD.P	73.880	0.0050	get 0.0006% / 1h	3m 16s	$66K	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$10.42
Price spread: −0.014% → −0.110%: $9.61
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$17.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 27 min ago; Ondo Perps: 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 KuCoin live order book, 27 min ago	23.70 bp	255.2 bp −$255	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	73.903	+0.018%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.970	+0.108%	$878K	$833K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.900	+0.014%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.960	+0.095%	$4.2M	$596K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.984	+0.127%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.921	+0.042%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.960	+0.095%	$1.4M	$346K	10x	as long as short
Gate NFLX_USDT	+0.0019%	8h	74.000	+0.149%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.910	+0.027%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.877	−0.018%	$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	73.886	−0.005%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.Pshort	+0.0050%	1h	73.880	−0.014%	$66K	$143K	10x
KuCoin NFLXUSDTMlong	+0.0100%	8h	73.890	long leg	$151K	$49K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.973	+0.113%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0129%	8h	73.945	+0.074%	$83K	$119K	—	as long as short
Binance NFLXUSDT	+0.0139%	8h	73.960	+0.095%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0211%	8h	73.990	+0.135%	$253	$136K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.620	+0.988%	$83K	$119K	12x	as long as short
Phoenix NFLX	+0.0249%	1h	73.948	+0.078%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0251%	8h	73.970	+0.108%	$1.3M	$883K	50x	as long as short
BloFin NFLX-USDT	+0.0259%	8h	73.970	+0.108%	$47K	$78K	20x	as long as short