Settings8H · net · $10k
Funding arb · Price arb /

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0296%/8h= +32.4% APRnext payment +$2.96 per $10,000 · paid last 24h +0.038%
Price spread now: Variational Omni against OKX+0.205%7-day average +0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.055%+$6 on $10k
Price spread, last 4 days (all we have)−0.249%−$25 · spread now +0.205%, 7d avg +0.001%
Together, before fees−0.194%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Variational Omni is 0.204% dearer against OKX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.001%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.055% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.96 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NFLX-USDT-SWAP73.8600get 0.0000% / 8h5h 47m$883K$770K20x
ShortVariational Omni NFLX74.0110.0296get 0.0296% / 8h5h 47m$76K$122K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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

Funding earned
$62.2
Price spread: +0.205% → +0.001%
$20.36
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$72.57
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: OKX: live order book, 62 min ago; Variational Omni: RFQ quote, 65 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 62 min ago3.37 bp26.0 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 65 min ago2.88 bpdoesn't fit44.1 bp −$441doesn't fitdoesn't fit

NFLX on 21 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NFLXUSDT0.0000%8h73.902+0.056%$11K$5K20xas long as short
OKX NFLX-USDT-SWAPlong0.0000%8h73.860long leg$883K$770K20x
QFEX NFLX-USD0.0000%1h73.750−0.149%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h73.840−0.027%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h73.8600.000%$4.2M$625K50xas long as short
SunX NFLX-USDT0.0000%8h73.873+0.018%$2K$4.0M10xas long as short
HTX NFLX-USDT0.0000%8h73.963+0.139%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.880+0.027%$1.4M$345K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.760−0.135%$21K25xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.890+0.041%$64K$127K10xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0071%1h73.797−0.085%$5.0M$2.9M10xas long as short
Extended NFLX-USD+0.0072%1h73.813−0.064%$12K$19K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.880+0.027%$151K$181K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.882+0.030%$22610xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.510+0.880%$83K$133K12xas long as short
Phoenix NFLX+0.0238%1h73.963+0.139%$12K$77K10xas long as short
Bybit NFLXUSDT+0.0280%8h73.940+0.108%$1.3M$753K50xas long as short
Binance NFLXUSDT+0.0287%8h73.874+0.019%$5.4M$5.6M20xas long as short
Variational Omni NFLXshort+0.0296%8h74.011+0.205%$76K$122K
BloFin NFLX-USDT+0.0435%8h73.890+0.041%$423$82K20xas long as short
GRVT NFLX_USDT_Perp+0.0472%8h74.040+0.243%$257$115K10xas long as short