Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against SunX−0.016%7-day average −0.183% · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)−0.249%−$25 · spread now −0.016%, 7d avg −0.183%

Together, before fees−0.214%+ Points / potential airdropOndo Perps: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.167% dearer against SunX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.183%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NFLX-USDT	73.772	0	get 0.0000% / 8h	3h 06m	$1K	$4.6M	10x
Short	Ondo Perps NFLX-USD.P	73.760	0.0050	get 0.0006% / 1h	6m 16s	$65K	$140K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. 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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now −0.016%Rate

Funding earned: $10.58
Price spread: −0.016% → −0.183%: $16.66
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $14.24
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: SunX: live order book, 12 min ago; Ondo Perps: no order-book sample. 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 SunX live order book, 12 min ago	45.22 bp	123.9 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	73.742	−0.041%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.770	−0.003%	$881K	$820K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.740	−0.043%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.750	−0.030%	$4.3M	$573K	50x	as long as short
SunX NFLX-USDTlong	0.0000%	8h	73.772	long leg	$1K	$4.6M	10x
HTX NFLX-USDT	0.0000%	8h	73.685	−0.118%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.780	+0.011%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.730	−0.057%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.692	−0.109%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.698	−0.100%	$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.Pshort	+0.0050%	1h	73.760	−0.016%	$65K	$140K	10x
Gate NFLX_USDT	+0.0070%	8h	73.780	+0.011%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.740	−0.043%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.774	+0.003%	$226	—	10x	as long as short
Binance NFLXUSDT	+0.0139%	8h	73.779	+0.010%	$5.4M	$5.4M	20x	as long as short
Variational Omni NFLX	+0.0146%	8h	73.651	−0.164%	$97K	$132K	—	as long as short
GRVT NFLX_USDT_Perp	+0.0174%	8h	73.670	−0.138%	$441	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.150	+5.935%	$87K	$99K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.663	−0.148%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0261%	8h	73.690	−0.111%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0342%	8h	73.810	+0.052%	$1.3M	$884K	50x	as long as short