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 0.000%

Price spread now: Phemex against QFEX+0.109%7-day average +0.316% · 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−$142as in the Price arb table

costs, in and out, $10k−$1211.211% of the position

Long on QFEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.109%, 7d avg +0.316%

Together, before fees+0.068%+$7 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: Phemex is 0.208% cheaper against QFEX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.316%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.440	0	get 0.0000% / 1h	35m 52s	$1.1M	$1.5M	10x
Short	Phemex NFLXUSDT	73.520	0	get 0.0000% / 8h	35m 52s	$1.4M	$329K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.316%: −$20.75
Slippage, 4 orders: −$99.11
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$141.86
Costs to cover: 1.211%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Phemex: live order book, 2 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, 6 min ago	2.04 bp	12.5 bp −$12	20.5 bp −$205	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.72 bp	41.2 bp −$41	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	73.460	+0.028%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.520	+0.109%	$872K	$988K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.440	long leg	$1.1M	$1.5M	10x
Gate NFLX_USDT	0.0000%	8h	73.560	+0.163%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.521	+0.110%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.376	−0.087%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.520	+0.109%	$1.4M	$329K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.400	−0.054%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.431	−0.012%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.435	−0.007%	$5.1M	$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	73.400	−0.054%	$68K	$172K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.460	+0.027%	$152K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.527	+0.119%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0111%	8h	73.510	+0.095%	$4.2M	$638K	50x	as long as short
Variational Omni NFLX	+0.0186%	8h	73.517	+0.104%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0189%	8h	73.520	+0.109%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.475	+0.048%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.170	+0.994%	$83K	$64K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0300%	8h	73.520	+0.109%	$834	$157K	10x	as long as short
BloFin NFLX-USDT	+0.0312%	8h	73.520	+0.109%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0398%	8h	73.540	+0.136%	$1.3M	$1.0M	50x	as long as short