Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against Ondo Perps+0.204%7-day average +0.186% · you sell dearer than you buy

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

Long on Ondo Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now +0.204%, 7d avg +0.186%

Together, before fees+0.018%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.186%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NFLX-USD.P	73.520	0.0050	pay 0.0006% / 1h	48m 17s	$64K	$143K	10x
Short	Phemex NFLXUSDT	73.670	0	get 0.0000% / 8h	5h 48m	$1.4M	$325K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.204%Rate

Funding earned: −$10.58
Price spread: +0.204% → +0.186%: $1.83
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$25.76
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago	1.36 bp	52.7 bp −$53	doesn't fit	doesn't fit	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 20 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	73.576	+0.077%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.630	+0.150%	$880K	$864K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.520	0.000%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.710	+0.258%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.650	+0.177%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.638	+0.161%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.680	+0.218%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.670	+0.204%	$1.4M	$325K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.530	+0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.560	+0.054%	$16K	$29K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.566	+0.063%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.Plong	+0.0050%	1h	73.520	long leg	$64K	$143K	10x
KuCoin NFLXUSDTM	+0.0100%	8h	73.580	+0.082%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.630	+0.150%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.634	+0.155%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0203%	8h	73.626	+0.144%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0214%	8h	73.643	+0.167%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.950	+6.026%	$87K	$82K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0241%	8h	73.663	+0.194%	$275	$144K	10x	as long as short
Bybit NFLXUSDT	+0.0297%	8h	73.640	+0.163%	$1.3M	$896K	50x	as long as short