Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Phemex−0.033%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.033% cheaper against Phemex than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NFLXUSDT	73.510	0	get 0.0000% / 8h	7h 24m	$1.4M	$329K	10x
Short	Aevo NFLX-PERP	73.486	0.0104	get 0.0013% / 1h	24m 12s	$225	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.033%Rate

Funding earned: $21.84
Price spread: −0.033% → 0.000%: −$3.32
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.48
Costs to cover: 0.280%
Break-even: 10.0 days

Slippage unknown: Phemex: live order book, 4 min ago; Aevo: no order-book sample. 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 Phemex live order book, 4 min ago	6.12 bp	55.0 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	73.452	−0.079%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.510	0.000%	$883K	$948K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.390	−0.163%	$1.1M	$1.5M	10x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.504	−0.008%	$2K	$4.9M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.445	−0.088%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.510	long leg	$1.4M	$329K	10x
Bitget NFLXUSDT	+0.0019%	8h	73.520	+0.014%	$4.3M	$571K	50x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.400	−0.150%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.382	−0.175%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.388	−0.166%	$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.P	+0.0050%	1h	73.430	−0.109%	$64K	$176K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.440	−0.095%	$151K	$37K	20x	as long as short
Aevo NFLX-PERPshort	+0.0104%	1h	73.486	−0.033%	$225	—	10x
GRVT NFLX_USDT_Perp	+0.0191%	8h	73.520	+0.014%	$872	$152K	10x	as long as short
Variational Omni NFLX	+0.0216%	8h	73.513	+0.004%	$94K	$139K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.150	+0.871%	$83K	$72K	12x	as long as short
Binance NFLXUSDT	+0.0222%	8h	73.500	−0.014%	$5.4M	$5.4M	20x	as long as short
Gate NFLX_USDT	+0.0224%	8h	73.550	+0.054%	$1.3M	$1.2M	25x	as long as short
Phoenix NFLX	+0.0229%	1h	73.501	−0.012%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0370%	8h	73.510	0.000%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0509%	8h	73.550	+0.054%	$1.3M	$906K	50x	as long as short