Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.002%

Price spread now: Bitget against tradeXYZ+0.066%7-day average +0.150% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.066%, 7d avg +0.150%

Together, before fees−0.144%+ Points / potential airdroptradeXYZ: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.084% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.150%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	74.001	0.0050	pay 0.0006% / 1h	34m 50s	$5.0M	$2.9M	10x
Short	Bitget NFLXUSDT	74.050	0	get 0.0000% / 8h	7h 34m	$4.3M	$592K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$10.5
Price spread: +0.066% → +0.150%: −$8.39
Slippage, 4 orders: −$31.1
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$80
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 2 min ago; Bitget: live order book, 3 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 tradeXYZ live order book, 2 min ago	1.35 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	9.45 bp	19.6 bp −$20	39.3 bp −$393	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	74.002	+0.001%	$11K	$5K	20x	as long as short
Bybit NFLXUSDT	0.0000%	8h	74.100	+0.134%	$1.3M	$878K	50x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	74.070	+0.093%	$889K	$807K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	74.040	+0.053%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	74.060	+0.080%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDTshort	0.0000%	8h	74.050	+0.066%	$4.3M	$592K	50x
SunX NFLX-USDT	0.0000%	8h	74.077	+0.103%	$2K	$4.5M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.963	−0.051%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.070	+0.093%	$1.4M	$345K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	74.030	+0.039%	—	$21K	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended NFLX-USD	+0.0048%	1h	73.993	−0.010%	$12K	$19K	10x	as long as short
tradeXYZ xyz:NFLXlong	+0.0050%	1h	74.001	long leg	$5.0M	$2.9M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.930	−0.096%	$64K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	74.030	+0.039%	$152K	$71K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.060	+0.080%	$227	—	10x	as long as short
Variational Omni NFLX	+0.0146%	8h	74.053	+0.070%	$84K	$119K	—	as long as short
Binance NFLXUSDT	+0.0153%	8h	74.080	+0.107%	$5.4M	$5.6M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.760	+1.026%	$83K	$122K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	74.017	+0.022%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0273%	8h	74.070	+0.093%	$47K	$77K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0443%	8h	74.060	+0.080%	$253	$128K	10x	as long as short