Settings8H · net · $10k
Funding arb · Price arb /

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0123%/8h= −13.5% APRnext payment $1.23 per $10,000 · paid last 24h −0.084%
Price spread now: Phemex against Binance+0.014%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1251.247% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.230%−$23 on $10k
Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.014%, 7d avg −0.006%
Together, before fees−0.212%−$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NFLXUSDT73.8900.0123pay 0.0123% / 8h1h 55m$5.4M$5.6M20x
ShortPhemex NFLXUSDT73.9000get 0.0000% / 8h1h 55m$1.4M$342K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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

Funding earned
−$25.82
Price spread: +0.014% → −0.006%
$1.96
Slippage, 4 orders
−$102.72
Fee Binance: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$148.57
Costs to cover
1.247%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; Phemex: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago0.68 bp9.7 bp −$1027.4 bp −$274174.6 bp −$17.5Kdoesn't fit
Sell Phemex live order book, 3 min ago2.03 bp37.1 bp −$37doesn't fitdoesn't fitdoesn't fit

NFLX on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NFLXUSDT0.0000%8h73.813−0.104%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.8900.000%$878K$837K20xas long as short
QFEX NFLX-USD0.0000%1h73.820−0.095%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.920+0.041%$4.3M$592K50xas long as short
SunX NFLX-USDT0.0000%8h73.885−0.007%$1K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.974+0.114%$10K$52K20xas long as short
Phemex NFLXUSDTshort0.0000%8h73.900+0.014%$1.4M$342K10x
Vest NFLX-USD-PERP+0.0046%1h73.830−0.081%$21K25xas long as short
Gate NFLX_USDT+0.0047%8h73.910+0.027%$1.4M$1.2M25xas long as short
Extended NFLX-USD+0.0048%1h73.790−0.136%$12K$19K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.797−0.126%$5.0M$3.0M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.770−0.162%$66K$144K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.840−0.068%$152K$38K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.858−0.044%$22610xas long as short
Variational Omni NFLX+0.0113%8h73.872−0.024%$95K$126Kas long as short
Binance NFLXUSDTlong+0.0123%8h73.890long leg$5.4M$5.6M20x
GRVT NFLX_USDT_Perp+0.0171%8h73.930+0.054%$532$140K10xas long as short
Phoenix NFLX+0.0206%1h73.857−0.045%$12K$77K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h78.200+5.833%$87K$107K12xas long as short
BloFin NFLX-USDT+0.0243%8h73.900+0.014%$47K$83K20xas long as short
Bybit NFLXUSDT+0.0287%8h73.900+0.014%$1.3M$903K50xas long as short