Funding you earn now, next payment 16:00 UTC−0.0302%/8h= −33.1% APRnext payment −$3.02 per $10,000 · paid last 24h −0.038%
Price spread now: OKX against Binance−0.065%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.065%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and OKX is 0.059% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.02 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NFLXUSDT | 74.038 | 0.0302 | pay 0.0302% / 8h | 5h 56m | $5.4M | $5.5M | 20x |
| Short | OKX NFLX-USDT-SWAP | 73.990 | 0 | get 0.0000% / 8h | 5h 56m | $885K | $772K | 20x |
Binance NFLXUSDT
OKX NFLX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$63.4
- Price spread: −0.065% → −0.006%
- −$5.9
- Slippage, 4 orders
- −$40.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$130.26
- Costs to cover
- 0.609%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; OKX: live order book, 52 min ago.
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 Binance live order book, 4 min ago | 1.35 bp | 9.4 bp −$9 | 26.9 bp −$269 | 164.7 bp −$16.5K | doesn't fit |
| Sell OKX live order book, 52 min ago | 3.37 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
NFLX on 21 exchanges
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 | 74.008 | −0.041% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAPshort | 0.0000% | 8h | 73.990 | −0.065% | $885K | $772K | 20x | |
| QFEX NFLX-USD | 0.0000% | 1h | 73.960 | −0.106% | $1.1M | $1.4M | 10x | as long as short |
| Gate NFLX_USDT | 0.0000% | 8h | 74.040 | +0.002% | $1.4M | $1.1M | 25x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.970 | −0.092% | $4.2M | $625K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 74.042 | +0.005% | $1K | $4.0M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.902 | −0.184% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 74.020 | −0.025% | $1.4M | $341K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.960 | −0.106% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.964 | −0.100% | $12K | $19K | 10x | as long as short |
Aster NFLXUSDT
QFEX NFLX-USD
Gate NFLX_USDT
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Vest NFLX-USD-PERP
Extended NFLX-USDShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.970 | −0.092% | $5.0M | $2.9M | 10x | as long as short |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.890 | −0.200% | $64K | $127K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 74.030 | −0.011% | $152K | $171K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 74.035 | −0.004% | $227 | — | 10x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 78.380 | +5.864% | $87K | $132K | 12x | as long as short |
| Bybit NFLXUSDT | +0.0225% | 8h | 74.100 | +0.083% | $1.3M | $759K | 50x | as long as short |
| Phoenix NFLX | +0.0227% | 1h | 73.921 | −0.158% | $12K | $77K | 10x | as long as short |
| Binance NFLXUSDTlong | +0.0302% | 8h | 74.038 | long leg | $5.4M | $5.5M | 20x | |
| Variational Omni NFLX | +0.0308% | 8h | 73.978 | −0.082% | $76K | $122K | — | as long as short |
| BloFin NFLX-USDT | +0.0452% | 8h | 74.050 | +0.016% | $424 | $82K | 20x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0518% | 8h | 74.006 | −0.044% | $257 | $115K | 10x | as long as short |
tradeXYZ xyz:NFLX
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Injective NFLX/USDC PERP
Bybit NFLXUSDT
Phoenix NFLX
Variational Omni NFLX
BloFin NFLX-USDT
GRVT NFLX_USDT_Perp