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−0.0186%/8h= −20.3% APRnext payment $1.86 per $10,000 · paid last 24h −0.089%
Price spread now: Bitget against Bybit−0.041%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$800.800% 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)+0.018%+$2 · spread now −0.041%, 7d avg +0.041%
Together, before fees−0.160%−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.082% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NFLXUSDT73.5500.0350pay 0.0350% / 8h1h 34m$1.3M$998K50x
ShortBitget NFLXUSDT73.5200.0164get 0.0164% / 8h1h 34m$4.2M$617K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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
−$39.02
Price spread: −0.041% → +0.041%
−$8.21
Slippage, 4 orders
−$57
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$127.23
Costs to cover
0.800%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 4 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 Bybit live order book, 2 min ago6.12 bp21.2 bp −$21145.4 bp −$1,454doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago2.04 bp14.5 bp −$1541.8 bp −$418doesn'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%8h73.468−0.112%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.520−0.041%$873K$996K20xas long as short
QFEX NFLX-USD0.0000%1h73.490−0.082%$1.1M$1.5M10xas long as short
Gate NFLX_USDT0.0000%8h73.570+0.027%$1.3M$1.2M25xas long as short
SunX NFLX-USDT0.0000%8h73.538−0.016%$2K$5.0M10xas long as short
HTX NFLX-USDT0.0000%8h73.519−0.042%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.5500.000%$1.4M$329K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.480−0.095%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.440−0.149%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.447−0.140%$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%1h73.450−0.136%$68K$169K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.460−0.122%$152K$13K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.543−0.010%$22510xas long as short
Bitget NFLXUSDTshort+0.0164%8h73.520−0.041%$4.2M$617K50x
Variational Omni NFLX+0.0200%8h73.542−0.011%$120K$106Kas long as short
Binance NFLXUSDT+0.0201%8h73.537−0.017%$5.4M$5.4M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h77.850+5.846%$87K$58K12xas long as short
Phoenix NFLX+0.0272%1h73.535−0.020%$12K$77K10xas long as short
BloFin NFLX-USDT+0.0336%8h73.560+0.014%$46K$82K20xas long as short
GRVT NFLX_USDT_Perp+0.0337%8h73.569+0.025%$833$157K10xas long as short
Bybit NFLXUSDTlong+0.0350%8h73.550long leg$1.3M$998K50x