Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.084%

Price spread now: Binance against QFEX+0.095%7-day average +0.224% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.146%+$15 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.095%, 7d avg +0.224%

Together, before fees+0.112%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.129% cheaper against QFEX than usual: you would sell low and buy high (spread +0.095% now, against its 7-day average of +0.224%). If the spread goes back, that is −$13 on $10k: about 3.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.700	0	get 0.0000% / 1h	47m 26s	$1.1M	$1.4M	10x
Short	Binance NFLXUSDT	73.770	0.0126	get 0.0126% / 8h	2h 47m	$5.4M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.095%Rate

Funding earned: $26.4
Price spread: +0.095% → +0.224%: −$12.93
Slippage, 4 orders: −$23.38
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.91
Costs to cover: 0.434%
Break-even: 14.9 days

Slippage from QFEX: live order book, 4 min ago; Binance: live order book, 5 min ago.

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 QFEX live order book, 4 min ago	2.71 bp	9.1 bp −$9	19.0 bp −$190	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.36 bp	12.9 bp −$13	26.3 bp −$263	153.1 bp −$15.3K	doesn't fit

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	73.721	+0.028%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.820	+0.163%	$881K	$821K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.700	long leg	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.770	+0.095%	$4.3M	$574K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.773	+0.099%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.759	+0.080%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.730	+0.041%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.710	+0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.678	−0.030%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.690	−0.014%	$4.9M	$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	73.690	−0.014%	$66K	$141K	10x	as long as short
Gate NFLX_USDT	+0.0060%	8h	73.830	+0.176%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.730	+0.041%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.768	+0.092%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0120%	8h	73.777	+0.105%	$97K	$131K	—	as long as short
Binance NFLXUSDTshort	+0.0126%	8h	73.770	+0.095%	$5.4M	$5.4M	20x
GRVT NFLX_USDT_Perp	+0.0148%	8h	73.791	+0.123%	$974	$142K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.706	+0.008%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.410	+0.963%	$83K	$101K	12x	as long as short
BloFin NFLX-USDT	+0.0244%	8h	73.750	+0.068%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0341%	8h	73.810	+0.149%	$1.3M	$885K	50x	as long as short