Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0205%/8h= +22.5% APRpaid last 24h +0.047%

Price spread now: Binance against Ondo Perps+0.125%7-day average +0.180% · you sell dearer than you buy

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)+0.528%+$53 · spread now +0.125%, 7d avg +0.180%

Together, before fees+0.737%+ Points / potential airdropOndo Perps: Active · farm board+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.055% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.125% now, against its 7-day average of +0.180%). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.208% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NFLX-USD.P	74.020	0.0050	pay 0.0006% / 1h	57m 34s	$64K	$138K	10x
Short	Binance NFLXUSDT	74.112	0.0256	get 0.0256% / 8h	6h 57m	$5.4M	$5.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.125%Rate

Funding earned: $43.08
Price spread: +0.125% → +0.180%: −$5.49
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $22.6
Costs to cover: 0.150%
Break-even: 3.3 days

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 10 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	0.68 bp	11.4 bp −$11	27.4 bp −$274	161.5 bp −$16.2K	doesn't fit

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	74.246	+0.305%	$12K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	74.110	+0.122%	$887K	$789K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	74.030	+0.014%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	74.130	+0.149%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.110	+0.122%	$4.2M	$624K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.102	+0.111%	$1K	$4.2M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	74.036	+0.022%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.110	+0.122%	$1.4M	$344K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	74.030	+0.014%	—	$21K	25x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	74.018	−0.003%	$5.0M	$2.9M	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.Plong	+0.0050%	1h	74.020	long leg	$64K	$138K	10x
Extended NFLX-USD	+0.0096%	1h	74.023	+0.005%	$12K	$19K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	74.100	+0.108%	$152K	$106K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.106	+0.117%	$227	—	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.430	+5.958%	$87K	$126K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	74.052	+0.043%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0249%	8h	74.131	+0.150%	$76K	$124K	—	as long as short
Binance NFLXUSDTshort	+0.0256%	8h	74.112	+0.125%	$5.4M	$5.6M	20x
Bybit NFLXUSDT	+0.0340%	8h	74.110	+0.122%	$1.3M	$832K	50x	as long as short
BloFin NFLX-USDT	+0.0381%	8h	74.120	+0.135%	$47K	$82K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0787%	8h	74.130	+0.149%	$254	$123K	10x	as long as short