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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0178%/8h= +19.5% APRnext payment +$1.78 per $10,000 · paid last 24h +0.089%
Price spread now: Bybit against Bitget+0.027%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$850.851% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.177%+$18 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.027%, 7d avg −0.041%
Together, before fees+0.173%+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.068% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NFLXUSDT73.5500.0170pay 0.0170% / 8h1h 38m$4.2M$617K50x
ShortBybit NFLXUSDT73.5700.0348get 0.0348% / 8h1h 38m$1.3M$998K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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
$37.4
Price spread: +0.027% → −0.041%
$6.85
Slippage, 4 orders
−$62.1
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$40.85
Costs to cover
0.851%
Break-even
14.6 days
Slippage from Bitget: live order book, 5 min ago; Bybit: 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 Bitget live order book, 5 min ago3.40 bp18.3 bp −$1831.8 bp −$318doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago4.76 bp29.8 bp −$30187.2 bp −$1,872doesn'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%8h73.494−0.076%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.530−0.027%$873K$996K20xas long as short
QFEX NFLX-USD0.0000%1h73.500−0.068%$1.1M$1.5M10xas long as short
Gate NFLX_USDT0.0000%8h73.590+0.054%$1.3M$1.2M25xas long as short
SunX NFLX-USDT0.0000%8h73.562+0.016%$2K$5.0M10xas long as short
HTX NFLX-USDT0.0000%8h73.545−0.007%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.570+0.027%$1.4M$329K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.500−0.068%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.473−0.105%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.476−0.101%$5.1M$3.2M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.420−0.177%$68K$169K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.490−0.082%$152K$13K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.566+0.022%$22510xas long as short
Bitget NFLXUSDTlong+0.0170%8h73.550long leg$4.2M$617K50x
Variational Omni NFLX+0.0203%8h73.572+0.029%$120K$106Kas long as short
Binance NFLXUSDT+0.0204%8h73.563+0.018%$5.4M$5.4M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.210+0.897%$83K$58K12xas long as short
Phoenix NFLX+0.0272%1h73.538−0.016%$12K$77K10xas long as short
GRVT NFLX_USDT_Perp+0.0340%8h73.579+0.040%$838$157K10xas long as short
BloFin NFLX-USDT+0.0341%8h73.570+0.027%$46K$82K20xas long as short
Bybit NFLXUSDTshort+0.0348%8h73.570+0.027%$1.3M$998K50x