Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.062%

Price spread now: tradeXYZ against Variational Omni−0.056%7-day average −0.134% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.056%, 7d avg −0.134%

Together, before fees−0.041%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.078% dearer against Variational Omni than usual: you sell high and buy low (spread −0.056% now, against its 7-day average of −0.134%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 3 days (−0.051% in total) that is about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NFLX	73.541	0.0186	pay 0.0186% / 8h	4h 07m	$94K	$130K	—
Short	tradeXYZ xyz:NFLX	73.500	0.0050	get 0.0006% / 1h	7m 14s	$4.9M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$28.65
Price spread: −0.056% → −0.134%: $7.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$38.85
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 52 min ago; tradeXYZ: live order book, 10 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, 52 min ago	2.89 bp	doesn't fit	36.3 bp −$363	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	1.16 bp	12.2 bp −$12	doesn't fit	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	73.508	−0.045%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.540	−0.002%	$879K	$820K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.500	−0.056%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.093%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.551	+0.013%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.555	+0.019%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.560	+0.025%	$1.4M	$324K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.510	−0.043%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.491	−0.068%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLXshort	+0.0050%	1h	73.500	−0.056%	$4.9M	$2.9M	10x

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	73.450	−0.124%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0061%	8h	73.640	+0.134%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	−0.015%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.554	+0.017%	$225	—	10x	as long as short
Variational Omni NFLXlong	+0.0186%	8h	73.541	long leg	$94K	$130K	—
Binance NFLXUSDT	+0.0193%	8h	73.551	+0.013%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.870	+5.886%	$87K	$93K	12x	as long as short
Phoenix NFLX	+0.0239%	1h	73.528	−0.018%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0254%	8h	73.565	+0.031%	$683	$144K	10x	as long as short
BloFin NFLX-USDT	+0.0321%	8h	73.560	+0.025%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0367%	8h	73.600	+0.080%	$1.3M	$875K	50x	as long as short