Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0299%/8h= +32.7% APRpaid last 24h +0.098%

Price spread now: BloFin against tradeXYZ+0.045%108s7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.045% dearer against tradeXYZ than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.547	0.0050	pay 0.0006% / 1h	23m 24s	$4.9M	$2.9M	10x
Short	BloFin NFLX-USDT	73.580	0.0349	get 0.0349% / 8h	5h 23m	$47K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.045%Rate

Funding earned: $62.74
Price spread: +0.045% → 0.000%: $4.49
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: $37.22
Costs to cover: 0.300%
Break-even: 2.8 days

Slippage unknown: tradeXYZ: live order book, 4 min ago; BloFin: 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 tradeXYZ live order book, 4 min ago	1.29 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

BloFin: 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	73.557	+0.013%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.620	+0.099%	$880K	$860K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.550	+0.004%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.700	+0.208%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.640	+0.126%	$4.3M	$543K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.611	+0.087%	$1K	$4.7M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.624	+0.105%	$10K	$53K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.630	+0.113%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	−0.010%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.540	−0.009%	$16K	$29K	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:NFLXlong	+0.0050%	1h	73.547	long leg	$4.9M	$2.9M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.560	+0.018%	$65K	$144K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.550	+0.004%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.593	+0.063%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.583	+0.049%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0206%	8h	73.595	+0.065%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0208%	8h	73.613	+0.090%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.920	+5.946%	$87K	$85K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0260%	8h	73.623	+0.103%	$657	$143K	10x	as long as short
BloFin NFLX-USDTshort	+0.0349%	8h	73.580	+0.045%	$47K	$81K	20x
Bybit NFLXUSDT	+0.0371%	8h	73.610	+0.086%	$1.3M	$887K	50x	as long as short