Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Ondo Perps+0.201%7-day average +0.177% · you sell dearer than you buy

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

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now +0.201%, 7d avg +0.177%

Together, before fees+0.029%+ Points / potential airdropOndo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.024% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of +0.177%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.036% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NFLX-USD.P	73.790	0.0050	pay 0.0006% / 1h	44m 27s	$64K	$127K	10x
Short	SunX NFLX-USDT	73.938	0	get 0.0000% / 8h	5h 44m	$1K	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$10.58
Price spread: +0.201% → +0.177%: $2.39
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.19
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	45.25 bp	127.8 bp −$128	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 21 exchanges

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	73.874	+0.114%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.900	+0.149%	$883K	$771K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.810	+0.027%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.940	+0.203%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.920	+0.176%	$4.2M	$625K	50x	as long as short
SunX NFLX-USDTshort	0.0000%	8h	73.938	+0.201%	$1K	$4.0M	10x
HTX NFLX-USDT	0.0000%	8h	73.913	+0.167%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.950	+0.217%	$1.4M	$346K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.820	+0.041%	—	$21K	25x	as long as short
Ondo Perps NFLX-USD.Plong	+0.0050%	1h	73.790	long leg	$64K	$127K	10x

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NFLX-USD	+0.0096%	1h	73.849	+0.080%	$12K	$19K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.910	+0.163%	$151K	$184K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.884	+0.128%	$226	—	10x	as long as short
tradeXYZ xyz:NFLX	+0.0122%	1h	73.840	+0.068%	$5.0M	$2.9M	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.530	+1.003%	$83K	$133K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	73.873	+0.112%	$12K	$77K	10x	as long as short
Binance NFLXUSDT	+0.0280%	8h	73.930	+0.190%	$5.4M	$5.6M	20x	as long as short
Variational Omni NFLX	+0.0282%	8h	73.906	+0.157%	$76K	$121K	—	as long as short
Bybit NFLXUSDT	+0.0289%	8h	73.960	+0.230%	$1.3M	$753K	50x	as long as short
GRVT NFLX_USDT_Perp	+0.0400%	8h	73.880	+0.122%	$256	$114K	10x	as long as short
BloFin NFLX-USDT	+0.0424%	8h	73.890	+0.136%	$48K	$82K	20x	as long as short