Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.042%

Price spread now: Phoenix against BloFin−0.027%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phoenix is 0.027% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.101%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NFLX-USDT	73.490	0.0376	pay 0.0376% / 8h	7h 32m	$46K	$82K	20x
Short	Phoenix NFLX	73.470	0.0229	get 0.0029% / 1h	32m 01s	$12K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against BloFin. 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 BloFinbpFee PhoenixbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$30.84
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$52.57
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Phoenix: 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 BloFin no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

BloFin and Phoenix: 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	73.483	−0.009%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.500	+0.014%	$884K	$951K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.470	−0.027%	$1.1M	$1.5M	10x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.523	+0.045%	$1K	$4.9M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.526	+0.049%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.530	+0.054%	$1.4M	$329K	10x	as long as short
Bitget NFLXUSDT	+0.0036%	8h	73.550	+0.082%	$4.3M	$573K	50x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.460	−0.041%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.440	−0.068%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.444	−0.063%	$5.0M	$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	73.470	−0.027%	$64K	$178K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.460	−0.041%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.509	+0.026%	$225	—	10x	as long as short
Gate NFLX_USDT	+0.0171%	8h	73.540	+0.068%	$1.3M	$1.2M	25x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.170	+0.925%	$83K	$71K	12x	as long as short
Variational Omni NFLX	+0.0221%	8h	73.504	+0.019%	$94K	$139K	—	as long as short
Binance NFLXUSDT	+0.0226%	8h	73.530	+0.054%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLXshort	+0.0229%	1h	73.470	−0.027%	$12K	$77K	10x
GRVT NFLX_USDT_Perp	+0.0287%	8h	73.517	+0.037%	$877	$152K	10x	as long as short
BloFin NFLX-USDTlong	+0.0376%	8h	73.490	long leg	$46K	$82K	20x
Bybit NFLXUSDT	+0.0485%	8h	73.550	+0.082%	$1.3M	$915K	50x	as long as short