Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%

Price spread now: Bitget against QFEX+0.081%7-day average +0.244% · 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−$80as in the Price arb table

costs, in and out, $10k−$640.637% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.081%, 7d avg +0.244%

Together, before fees+0.022%+$2 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: Bitget is 0.163% cheaper against QFEX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.244%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.790	0	get 0.0000% / 1h	48m 21s	$1.1M	$1.4M	10x
Short	Bitget NFLXUSDT	73.850	0	get 0.0000% / 8h	5h 48m	$4.2M	$625K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.244%: −$16.25
Slippage, 4 orders: −$41.65
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$79.91
Costs to cover: 0.637%
Break-even: never at this rate

Slippage from QFEX: live order book, 1 min ago; Bitget: live order book, 3 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, 1 min ago	2.71 bp	13.3 bp −$13	20.3 bp −$203	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	9.45 bp	20.7 bp −$21	40.0 bp −$400	doesn't fit	doesn't fit

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	73.859	+0.093%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.860	+0.095%	$883K	$770K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.790	long leg	$1.1M	$1.4M	10x
Gate NFLX_USDT	0.0000%	8h	73.910	+0.163%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDTshort	0.0000%	8h	73.850	+0.081%	$4.2M	$625K	50x
SunX NFLX-USDT	0.0000%	8h	73.863	+0.099%	$2K	$4.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.963	+0.234%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.910	+0.163%	$1.4M	$344K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.800	+0.014%	—	$21K	25x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.890	+0.136%	$64K	$127K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NFLX-USD	+0.0056%	1h	73.773	−0.023%	$12K	$19K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0063%	1h	73.780	−0.014%	$5.0M	$2.9M	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.820	+0.041%	$151K	$180K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.876	+0.117%	$226	—	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.230	+6.017%	$87K	$133K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	73.963	+0.234%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0284%	8h	73.890	+0.136%	$1.3M	$753K	50x	as long as short
Binance NFLXUSDT	+0.0290%	8h	73.869	+0.106%	$5.4M	$5.6M	20x	as long as short
Variational Omni NFLX	+0.0296%	8h	74.011	+0.300%	$76K	$122K	—	as long as short
BloFin NFLX-USDT	+0.0415%	8h	73.980	+0.257%	$424	$82K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0472%	8h	74.040	+0.338%	$257	$115K	10x	as long as short