Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: tradeXYZ against Ondo Perps−0.020%7-day average +0.035% · you buy dearer than you sell

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

Long on Ondo Perps Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.020%, 7d avg +0.035%

Together, before fees+0.156%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.056% cheaper against Ondo Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps NFLX-USD.P	73.560	0.0050	pay 0.0006% / 1h	21m 22s	$65K	$144K	10x
Short	tradeXYZ xyz:NFLX	73.545	0.0050	get 0.0006% / 1h	21m 22s	$4.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.08
Price spread: −0.020% → +0.035%: −$5.58
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.66
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 6 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 tradeXYZ live order book, 6 min ago	1.29 bp	12.2 bp −$12	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 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	73.577	+0.023%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.620	+0.082%	$880K	$860K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.550	−0.014%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.700	+0.190%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.650	+0.122%	$4.3M	$544K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.621	+0.083%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.624	+0.087%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.630	+0.095%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	−0.027%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.539	−0.029%	$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
tradeXYZ xyz:NFLXshort	+0.0050%	1h	73.545	−0.020%	$4.9M	$2.9M	10x
Ondo Perps NFLX-USD.Plong	+0.0050%	1h	73.560	long leg	$65K	$144K	10x
KuCoin NFLXUSDTM	+0.0100%	8h	73.570	+0.014%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.609	+0.066%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.575	+0.020%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0206%	8h	73.595	+0.047%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0208%	8h	73.629	+0.094%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.270	+0.965%	$83K	$85K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0260%	8h	73.610	+0.068%	$621	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0346%	8h	73.580	+0.027%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0371%	8h	73.610	+0.068%	$1.3M	$884K	50x	as long as short