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: QFEX against SunX−0.137%7-day average −0.317% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$258as in the Price arb table

costs, in and out, $10k−$2762.759% of the position

Long on SunX Short on QFEX

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)−0.037%−$4 · spread now −0.137%, 7d avg −0.317%

Together, before fees−0.037%−$4 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: QFEX is 0.180% dearer against SunX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.317%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NFLX-USDT	73.521	0	get 0.0000% / 8h	38m 02s	$1K	$5.0M	10x
Short	QFEX NFLX-USD	73.420	0	get 0.0000% / 1h	38m 02s	$1.1M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.317%: $18.01
Slippage, 4 orders: −$257.9
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$257.89
Costs to cover: 2.759%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; QFEX: live order book, 4 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 SunX live order book, 10 min ago	45.15 bp	123.6 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.04 bp	12.5 bp −$12	18.7 bp −$187	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	73.450	−0.097%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.530	+0.012%	$873K	$988K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.420	−0.137%	$1.1M	$1.5M	10x
Gate NFLX_USDT	0.0000%	8h	73.540	+0.026%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDTlong	0.0000%	8h	73.521	long leg	$1K	$5.0M	10x
HTX NFLX-USDT	0.0000%	8h	73.376	−0.197%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.520	−0.001%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.420	−0.137%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.426	−0.129%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.430	−0.124%	$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	−0.165%	$68K	$172K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.440	−0.110%	$152K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.524	+0.004%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0113%	8h	73.510	−0.015%	$4.2M	$638K	50x	as long as short
Variational Omni NFLX	+0.0180%	8h	73.526	+0.007%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0187%	8h	73.520	−0.001%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.492	−0.039%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.180	+0.896%	$83K	$64K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0300%	8h	73.520	−0.001%	$834	$157K	10x	as long as short
BloFin NFLX-USDT	+0.0309%	8h	73.510	−0.015%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0395%	8h	73.540	+0.026%	$1.3M	$1.0M	50x	as long as short