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Funding arb · Price arb /

NFLX

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 09:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.101%
Price spread now: Injective against Bybit+0.796%58s7-day average −4.974% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days−0.382%−$38 on $10k
Price spread, last 4 days (all we have)−10.641%−$1,064 · spread now +0.796%, 7d avg −4.974%
Together, before fees−11.023%−$1,102 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 5.770% dearer against Bybit than usual: you sell high and buy low (spread +0.796% now, against its 7-day average of −4.974%): +$577 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 months. At the pace of the last 7 days (−0.382% in total) that is about 4 months. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NFLXUSDT74.1600.0250pay 0.0250% / 8h7h 02m$1.3M$832K50x
ShortInjective NFLX/USDC PERP74.7500.0220get 0.0028% / 1h2m 25s$83K$125K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$6.38
Price spread: +0.796% → −4.974%
$576.98
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$559.58
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Bybit: live order book, 3 min ago; Injective: live order book, 22 min ago. Net counts fees only.

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, 3 min ago6.07 bp15.7 bp −$16117.2 bp −$1,172doesn't fitdoesn't fit
Sell Injective live order book, 22 min ago48.15 bpdoesn't fitdoesn'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%8h74.237+0.104%$12K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h74.090−0.094%$887K$792K20xas long as short
QFEX NFLX-USD0.0000%1h74.030−0.175%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h74.150−0.013%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h74.180+0.027%$4.2M$624K50xas long as short
SunX NFLX-USDT0.0000%8h74.131−0.039%$2K$4.2M10xas long as short
HTX NFLX-USDT0.0000%8h73.984−0.237%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h74.120−0.054%$1.4M$341K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h74.030−0.175%—$21K25xas long as short
Extended NFLX-USD+0.0048%1h74.014−0.197%$12K$19K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h74.052−0.146%$5.0M$2.9M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.990−0.229%$64K$138K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h74.110−0.067%$152K$101K20xas long as short
Aevo NFLX-PERP+0.0104%1h74.137−0.031%$227—10xas long as short
Injective NFLX/USDC PERPshort+0.0220%1h74.750+0.796%$83K$125K12x
Phoenix NFLX+0.0238%1h74.063−0.131%$12K$77K10xas long as short
Variational Omni NFLX+0.0243%8h74.063−0.131%$76K$124K—as long as short
Binance NFLXUSDT+0.0247%8h74.129−0.042%$5.4M$5.5M20xas long as short
Bybit NFLXUSDTlong+0.0250%8h74.160long leg$1.3M$832K50x
BloFin NFLX-USDT+0.0387%8h74.090−0.094%$47K$80K20xas long as short
GRVT NFLX_USDT_Perp+0.0838%8h74.090−0.094%$253$123K10xas long as short