Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.085%

Price spread now: Variational Omni against QFEX+0.098%7-day average +0.281% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.120%+$12 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.098%, 7d avg +0.281%

Together, before fees+0.121%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.184% cheaper against QFEX than usual: you would sell low and buy high (spread +0.098% now, against its 7-day average of +0.281%). If the spread goes back, that is −$18 on $10k: about 5.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX NFLX-USD	73.760	0	get 0.0000% / 1h	14m 32s	$1.1M	$1.4M	10x
Short	Variational Omni NFLX	73.832	0.0120	get 0.0120% / 8h	1h 14m	$83K	$140K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.098%Rate

Funding earned: $25.18
Price spread: +0.098% → +0.281%: −$18.37
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.19
Costs to cover: 0.100%
Break-even: 7.9 days

Slippage unknown: QFEX: live order book, 2 min ago; Variational Omni: RFQ quote, 29 min ago. Net counts fees only.

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	77.95 bp	89.0 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 29 min ago	2.89 bp	doesn't fit	45.4 bp −$454	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	73.805	+0.062%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.820	+0.081%	$877K	$829K	20x	as long as short
QFEX NFLX-USDlong	0.0000%	1h	73.760	long leg	$1.1M	$1.4M	10x
Bitget NFLXUSDT	0.0000%	8h	73.850	+0.122%	$4.2M	$594K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.841	+0.110%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.837	+0.104%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.840	+0.108%	$1.4M	$346K	10x	as long as short
Gate NFLX_USDT	+0.0035%	8h	73.880	+0.163%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.770	+0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.765	+0.007%	$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	73.774	+0.019%	$5.0M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.720	−0.054%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.770	+0.014%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.833	+0.099%	$226	—	10x	as long as short
Variational Omni NFLXshort	+0.0120%	8h	73.832	+0.098%	$83K	$140K	—
Binance NFLXUSDT	+0.0127%	8h	73.840	+0.108%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0193%	8h	73.840	+0.108%	$459	$138K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.825	+0.088%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.180	+5.992%	$87K	$112K	12x	as long as short
BloFin NFLX-USDT	+0.0247%	8h	73.850	+0.122%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0286%	8h	73.790	+0.041%	$1.3M	$890K	50x	as long as short