Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.063%

Price spread now: QFEX against Variational Omni−0.130%7-day average −0.298% · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.098%−$10 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now −0.130%, 7d avg −0.298%

Together, before fees−0.057%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.168% dearer against Variational Omni than usual: you sell high and buy low (spread −0.130% now, against its 7-day average of −0.298%): +$17 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NFLX	73.516	0.0179	pay 0.0179% / 8h	44m 31s	$120K	$106K	—
Short	QFEX NFLX-USD	73.420	0	get 0.0000% / 1h	44m 31s	$1.1M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$37.57
Price spread: −0.130% → −0.298%: $16.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$30.82
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 34 min ago; QFEX: live order book, 2 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 Variational Omni RFQ quote, 34 min ago	2.89 bp	doesn't fit	45.7 bp −$457	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	2.04 bp	9.8 bp −$10	16.4 bp −$164	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	73.458	−0.079%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.520	+0.006%	$873K	$990K	20x	as long as short
QFEX NFLX-USDshort	0.0000%	1h	73.420	−0.130%	$1.1M	$1.5M	10x
Gate NFLX_USDT	0.0000%	8h	73.560	+0.060%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.522	+0.008%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.479	−0.050%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.520	+0.006%	$1.4M	$330K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.420	−0.130%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.426	−0.122%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.430	−0.117%	$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	73.380	−0.185%	$68K	$172K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.470	−0.062%	$152K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.526	+0.014%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0119%	8h	73.520	+0.006%	$4.2M	$639K	50x	as long as short
Variational Omni NFLXlong	+0.0179%	8h	73.516	long leg	$120K	$106K	—
Binance NFLXUSDT	+0.0183%	8h	73.529	+0.018%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.475	−0.056%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.170	+0.890%	$83K	$63K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0299%	8h	73.520	+0.006%	$502	$156K	10x	as long as short
BloFin NFLX-USDT	+0.0304%	8h	73.530	+0.019%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0397%	8h	73.560	+0.060%	$1.3M	$993K	50x	as long as short