Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.006%

Price spread now: tradeXYZ against KuCoin−0.041%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$457as in the Funding arb table

Net, price: spread back to 7d avg − costs−$447as in the Price arb table

costs, in and out, $10k−$4504.504% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.041%, 7d avg −0.079%

Together, before fees−0.193%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.038% dearer against KuCoin than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.079%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NFLXUSDTM	73.530	0.0100	pay 0.0100% / 8h	4h 59m	$151K	$37K	20x
Short	tradeXYZ xyz:NFLX	73.500	0.0051	get 0.0006% / 1h	59m 16s	$4.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$10.2
Price spread: −0.041% → −0.079%: $3.79
Slippage, 4 orders: −$420.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$456.82
Costs to cover: 4.504%
Break-even: never at this rate

Slippage from KuCoin: live order book, 15 min ago; tradeXYZ: live order book, 9 min ago.

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, 15 min ago	23.12 bp	254.2 bp −$254	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	1.56 bp	14.0 bp −$14	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	73.528	−0.003%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.590	+0.082%	$880K	$861K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.480	−0.068%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.109%	$4.3M	$546K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.571	+0.056%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.544	+0.019%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.590	+0.082%	$1.4M	$326K	10x	as long as short
Gate NFLX_USDT	+0.0029%	8h	73.630	+0.136%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.480	−0.068%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.524	−0.009%	$16K	$29K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.510	−0.027%	$65K	$139K	10x	as long as short
tradeXYZ xyz:NFLXshort	+0.0051%	1h	73.500	−0.041%	$4.9M	$2.9M	10x
KuCoin NFLXUSDTMlong	+0.0100%	8h	73.530	long leg	$151K	$37K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.573	+0.058%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.522	−0.011%	$12K	$76K	10x	as long as short
Variational Omni NFLX	+0.0211%	8h	73.591	+0.082%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0218%	8h	73.570	+0.054%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	72.910	−0.843%	$81K	$87K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0308%	8h	73.589	+0.080%	$809	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0361%	8h	73.610	+0.109%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0410%	8h	73.580	+0.068%	$1.3M	$881K	50x	as long as short