Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against QFEX0.000%7-day average +0.223% · 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−$254as in the Price arb table

costs, in and out, $10k−$2312.314% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now 0.000%, 7d avg +0.223%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.223% cheaper against QFEX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.223%). If the spread goes back, that is −$22 on $10k: about 7.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.740	0	get 0.0000% / 1h	3m 59s	$1.1M	$1.4M	10x
Short	KuCoin NFLXUSDTM	73.740	0.0100	get 0.0100% / 8h	3h 03m	$152K	$38K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → +0.223%: −$22.34
Slippage, 4 orders: −$209.39
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$232.73
Costs to cover: 2.314%
Break-even: 84.6 days

Slippage from QFEX: live order book, 3 min ago; KuCoin: live order book, 60 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, 3 min ago	2.71 bp	10.5 bp −$11	20.6 bp −$206	doesn't fit	doesn't fit
Sell KuCoin live order book, 60 min ago	19.72 bp	81.8 bp −$82	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	73.744	+0.005%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.780	+0.054%	$881K	$820K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.740	long leg	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.760	+0.027%	$4.3M	$574K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.787	+0.064%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.707	−0.045%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.770	+0.041%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.740	0.000%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.681	−0.080%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.715	−0.034%	$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	73.700	−0.054%	$65K	$140K	10x	as long as short
Gate NFLX_USDT	+0.0065%	8h	73.780	+0.054%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTMshort	+0.0100%	8h	73.740	0.000%	$152K	$38K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.785	+0.061%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0134%	8h	73.762	+0.030%	$97K	$132K	—	as long as short
Binance NFLXUSDT	+0.0137%	8h	73.791	+0.070%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0170%	8h	73.785	+0.060%	$441	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.140	+5.967%	$87K	$99K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.663	−0.104%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0259%	8h	73.810	+0.095%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0340%	8h	73.810	+0.095%	$1.3M	$883K	50x	as long as short