Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.071%

Price spread now: Vest against Variational Omni−0.112%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 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 · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Vest is 0.112% cheaper against Variational Omni than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NFLX	73.632	0.0150	pay 0.0150% / 8h	3h 15m	$96K	$132K	—
Short	Vest NFLX-USD-PERP	73.550	0.0046	get 0.0006% / 1h	15m 10s	—	$21K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$21.96
Price spread: −0.112% → 0.000%: −$11.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$35.11
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 39 min ago; Vest: 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, 39 min ago	2.89 bp	doesn't fit	34.5 bp −$345	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	73.599	−0.045%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.640	+0.011%	$880K	$816K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.560	−0.098%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.640	+0.011%	$4.3M	$565K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.651	+0.026%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.551	−0.110%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.650	+0.024%	$1.4M	$325K	10x	as long as short
Vest NFLX-USD-PERPshort	+0.0046%	1h	73.550	−0.112%	—	$21K	25x
Extended NFLX-USD	+0.0048%	1h	73.581	−0.070%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.589	−0.059%	$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	73.570	−0.084%	$65K	$140K	10x	as long as short
Gate NFLX_USDT	+0.0090%	8h	73.680	+0.065%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.610	−0.030%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.638	+0.008%	$225	—	10x	as long as short
Variational Omni NFLXlong	+0.0150%	8h	73.632	long leg	$96K	$132K	—
Binance NFLXUSDT	+0.0156%	8h	73.647	+0.020%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0189%	8h	73.644	+0.017%	$446	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.290	+0.893%	$83K	$98K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.621	−0.015%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0276%	8h	73.650	+0.024%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0363%	8h	73.670	+0.051%	$1.3M	$884K	50x	as long as short