Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.061%

Price spread now: OKX against QFEX+0.027%7-day average +0.214% · 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−$75as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.027%, 7d avg +0.214%

Together, before fees+0.081%+$8 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: OKX is 0.187% cheaper against QFEX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.214%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.450	0	get 0.0000% / 1h	13m 48s	$1.1M	$1.5M	10x
Short	OKX NFLX-USDT-SWAP	73.470	0	get 0.0000% / 8h	13m 48s	$872K	$989K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.214%: −$18.71
Slippage, 4 orders: −$36.33
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$75.04
Costs to cover: 0.563%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; OKX: live order book, 63 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	2.72 bp	9.1 bp −$9	16.8 bp −$168	doesn't fit	doesn't fit
Sell OKX live order book, 63 min ago	3.40 bp	17.6 bp −$18	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	73.440	−0.014%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPshort	0.0000%	8h	73.470	+0.027%	$872K	$989K	20x
QFEX NFLX-USDlong	0.0000%	1h	73.450	long leg	$1.1M	$1.5M	10x
Gate NFLX_USDT	0.0000%	8h	73.530	+0.109%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.498	+0.065%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.458	+0.011%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.510	+0.082%	$1.4M	$333K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.440	−0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.421	−0.039%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.428	−0.030%	$5.0M	$3.0M	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	73.440	−0.014%	$71K	$186K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.450	0.000%	$152K	$37K	20x	as long as short
Bitget NFLXUSDT	+0.0104%	8h	73.490	+0.054%	$4.3M	$689K	50x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.496	+0.062%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0202%	8h	73.484	+0.047%	$90K	$136K	—	as long as short
Binance NFLXUSDT	+0.0205%	8h	73.509	+0.080%	$5.4M	$5.5M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.453	+0.004%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.820	+5.950%	$87K	$67K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0302%	8h	73.510	+0.082%	$809	$155K	10x	as long as short
BloFin NFLX-USDT	+0.0342%	8h	73.530	+0.109%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0404%	8h	73.550	+0.136%	$1.3M	$969K	50x	as long as short