Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.021%

Price spread now: Extended against Phemex−0.117%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 Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.117% cheaper against Phemex than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 8.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NFLXUSDT	73.870	0	get 0.0000% / 8h	1h 25m	$1.4M	$344K	10x
Short	Extended NFLX-USD	73.784	0.0048	get 0.0006% / 1h	25m 25s	$12K	$19K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.117%Rate

Funding earned: $10.08
Price spread: −0.117% → 0.000%: −$11.65
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.57
Costs to cover: 0.170%
Break-even: 19.9 days

Slippage unknown: Phemex: live order book, 2 min ago; Extended: 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, 2 min ago	2.71 bp	36.0 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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	73.796	−0.101%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.810	−0.081%	$877K	$829K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.810	−0.081%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.910	+0.054%	$4.3M	$593K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.862	−0.011%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.952	+0.111%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.870	long leg	$1.4M	$344K	10x
Gate NFLX_USDT	+0.0040%	8h	73.870	0.000%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.810	−0.081%	—	$21K	25x	as long as short
Extended NFLX-USDshort	+0.0048%	1h	73.784	−0.117%	$12K	$19K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.796	−0.100%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.790	−0.108%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.810	−0.081%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.837	−0.045%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0106%	8h	73.827	−0.058%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0114%	8h	73.860	−0.014%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0184%	8h	73.849	−0.028%	$485	$139K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.823	−0.064%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.180	+5.835%	$87K	$110K	12x	as long as short
BloFin NFLX-USDT	+0.0238%	8h	73.860	−0.014%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0283%	8h	73.860	−0.014%	$1.3M	$872K	50x	as long as short