Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Phemex against Vest+0.095%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Phemex

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 airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.095% dearer against Vest than usual: you sell high and buy low (spread +0.095% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest NFLX-USD-PERP	73.500	0.0046	pay 0.0006% / 1h	39m 49s	—	$21K	25x
Short	Phemex NFLXUSDT	73.570	0	get 0.0000% / 8h	3h 39m	$1.4M	$324K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Vest. 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 VestbpFee PhemexbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$9.59
Price spread: +0.095% → 0.000%: $9.52
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$14.07
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Phemex: live order book, 3 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 Vest no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	1.36 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit

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	73.529	+0.039%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.580	+0.109%	$879K	$816K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.500	0.000%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.600	+0.136%	$4.3M	$560K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.554	+0.073%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.592	+0.125%	$10K	$53K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.570	+0.095%	$1.4M	$324K	10x
Vest NFLX-USD-PERPlong	+0.0046%	1h	73.500	long leg	—	$21K	25x
Extended NFLX-USD	+0.0048%	1h	73.490	−0.013%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.501	+0.001%	$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	73.490	−0.014%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0059%	8h	73.620	+0.163%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	+0.041%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.561	+0.083%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0169%	8h	73.542	+0.057%	$94K	$129K	—	as long as short
Binance NFLXUSDT	+0.0175%	8h	73.570	+0.096%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0216%	8h	73.572	+0.097%	$529	$143K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.910	+6.000%	$87K	$95K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.537	+0.050%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0297%	8h	73.570	+0.095%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0370%	8h	73.630	+0.177%	$1.3M	$875K	50x	as long as short