Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against QFEX+0.136%7-day average +0.206% · 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−$110as in the Price arb table

costs, in and out, $10k−$1031.027% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.136%, 7d avg +0.206%

Together, before fees−0.093%−$9 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: Gate is 0.070% cheaper against QFEX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.206%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.400	0	get 0.0000% / 1h	2m 04s	$1.1M	$1.5M	10x
Short	Gate NFLX_USDT	73.500	0	get 0.0000% / 8h	7h 02m	$1.4M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → +0.206%: −$6.96
Slippage, 4 orders: −$77.66
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$109.62
Costs to cover: 1.027%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Gate: 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	2.72 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.44 bp	55.7 bp −$56	doesn't fit	doesn't fit	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	73.430	+0.041%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.470	+0.095%	$883K	$947K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.400	long leg	$1.1M	$1.5M	10x
Gate NFLX_USDTshort	0.0000%	8h	73.500	+0.136%	$1.4M	$1.2M	25x
Bitget NFLXUSDT	0.0000%	8h	73.490	+0.123%	$4.3M	$569K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.493	+0.127%	$2K	$4.9M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.412	+0.016%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.490	+0.123%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.400	0.000%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.396	−0.006%	$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:NFLX	+0.0050%	1h	73.398	−0.003%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.400	0.000%	$64K	$151K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.440	+0.054%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.487	+0.119%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0217%	8h	73.501	+0.138%	$94K	$139K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.130	+0.995%	$82K	$74K	12x	as long as short
Binance NFLXUSDT	+0.0225%	8h	73.500	+0.136%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0229%	1h	73.443	+0.059%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0243%	8h	73.488	+0.120%	$550	$150K	10x	as long as short
BloFin NFLX-USDT	+0.0371%	8h	73.490	+0.123%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0445%	8h	73.470	+0.095%	$1.3M	$903K	50x	as long as short