Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.079%

Price spread now: Injective against Variational Omni+0.871%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.871% dearer against Variational Omni than usual: you sell high and buy low: +$87 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NFLX	73.777	0.0120	pay 0.0120% / 8h	2h 49m	$97K	$131K	—
Short	Injective NFLX/USDC PERP	74.420	0.0220	get 0.0028% / 1h	49m 17s	$83K	$101K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now +0.871%Rate

Funding earned: $20.95
Price spread: +0.871% → 0.000%: $87.14
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $108.07
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 65 min ago; Injective: 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 Variational Omni RFQ quote, 65 min ago	2.89 bp	doesn't fit	34.5 bp −$345	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	73.715	−0.085%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.790	+0.018%	$881K	$821K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.700	−0.104%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.770	−0.010%	$4.3M	$574K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.783	+0.008%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.798	+0.028%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.730	−0.064%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.690	−0.118%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.688	−0.121%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.696	−0.110%	$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.P	+0.0050%	1h	73.630	−0.199%	$66K	$141K	10x	as long as short
Gate NFLX_USDT	+0.0060%	8h	73.810	+0.045%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.720	−0.077%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.756	−0.029%	$226	—	10x	as long as short
Variational Omni NFLXlong	+0.0120%	8h	73.777	long leg	$97K	$131K	—
Binance NFLXUSDT	+0.0124%	8h	73.790	+0.018%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0148%	8h	73.791	+0.019%	$974	$142K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.706	−0.096%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERPshort	+0.0220%	1h	74.420	+0.871%	$83K	$101K	12x
BloFin NFLX-USDT	+0.0243%	8h	73.770	−0.010%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0337%	8h	73.810	+0.045%	$1.3M	$885K	50x	as long as short