Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.063%

Price spread now: Variational Omni against tradeXYZ+0.081%7-day average +0.132% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.081%, 7d avg +0.132%

Together, before fees−0.022%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.051% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.081% now, against its 7-day average of +0.132%). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:NFLX	73.885	0.0050	pay 0.0006% / 1h	4m 07s	$5.0M	$2.9M	10x
Short	Variational Omni NFLX	73.945	0.0129	get 0.0129% / 8h	4m 07s	$83K	$119K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.081%Rate

Funding earned: $16.65
Price spread: +0.081% → +0.132%: −$5.07
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.42
Costs to cover: 0.180%
Break-even: 9.7 days

Slippage unknown: tradeXYZ: live order book, 4 min ago; Variational Omni: RFQ quote, 35 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 tradeXYZ live order book, 4 min ago	0.74 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 35 min ago	2.88 bp	doesn't fit	41.9 bp −$419	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	73.907	+0.030%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.970	+0.115%	$878K	$833K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.900	+0.020%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.960	+0.102%	$4.2M	$596K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.949	+0.087%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.969	+0.114%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.960	+0.102%	$1.4M	$346K	10x	as long as short
Gate NFLX_USDT	+0.0019%	8h	74.000	+0.156%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.910	+0.034%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.877	−0.011%	$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:NFLXlong	+0.0050%	1h	73.885	long leg	$5.0M	$2.9M	10x
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.880	−0.007%	$66K	$143K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.890	+0.007%	$151K	$48K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.974	+0.120%	$226	—	10x	as long as short
Variational Omni NFLXshort	+0.0129%	8h	73.945	+0.081%	$83K	$119K	—
Binance NFLXUSDT	+0.0138%	8h	73.955	+0.094%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0211%	8h	73.990	+0.142%	$253	$136K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.620	+0.995%	$83K	$119K	12x	as long as short
Phoenix NFLX	+0.0249%	1h	73.942	+0.077%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0252%	8h	73.960	+0.102%	$1.3M	$883K	50x	as long as short
BloFin NFLX-USDT	+0.0257%	8h	74.010	+0.169%	$47K	$78K	20x	as long as short