Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against QFEX+0.114%7-day average +0.299% · 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−$286as in the Price arb table

costs, in and out, $10k−$2672.673% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.114%, 7d avg +0.299%

Together, before fees+0.063%+$6 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: SunX is 0.185% cheaper against QFEX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.299%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.870	0	get 0.0000% / 1h	39m 23s	$1.1M	$1.4M	10x
Short	SunX NFLX-USDT	73.954	0	get 0.0000% / 8h	1h 39m	$2K	$4.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → +0.299%: −$18.49
Slippage, 4 orders: −$249.3
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$285.79
Costs to cover: 2.673%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; SunX: live order book, 9 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, 2 min ago	2.03 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	45.16 bp	127.4 bp −$127	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	73.900	+0.040%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.890	+0.027%	$878K	$835K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.870	long leg	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.960	+0.122%	$4.3M	$592K	50x	as long as short
SunX NFLX-USDTshort	0.0000%	8h	73.954	+0.114%	$2K	$4.6M	10x
HTX NFLX-USDT	0.0000%	8h	73.906	+0.049%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.930	+0.081%	$1.4M	$343K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.880	+0.014%	—	$21K	25x	as long as short
Gate NFLX_USDT	+0.0046%	8h	74.010	+0.190%	$1.4M	$1.2M	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.875	+0.006%	$12K	$19K	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	73.881	+0.015%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.830	−0.054%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.890	+0.027%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.949	+0.107%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0114%	8h	73.952	+0.111%	$95K	$126K	—	as long as short
Binance NFLXUSDT	+0.0120%	8h	73.960	+0.121%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0181%	8h	73.947	+0.104%	$501	$139K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.955	+0.115%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.620	+1.015%	$83K	$109K	12x	as long as short
BloFin NFLX-USDT	+0.0241%	8h	73.950	+0.108%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0276%	8h	73.900	+0.041%	$1.3M	$872K	50x	as long as short