NFLX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0367%/8h= −40.2% APRnext payment −$3.67 per $10,000 · paid last 24h −0.038%

Price spread now: OKX against Bybit0.000%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now 0.000%, 7d avg −0.005%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NFLXUSDT	73.570	0.0367	pay 0.0367% / 8h	2h 01m	$1.3M	$1.0M	50x
Short	OKX NFLX-USDT-SWAP	73.570	0	get 0.0000% / 8h	2h 01m	$874K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$77.07
Price spread: 0.000% → −0.005%: $0.51
Slippage, 4 orders: −$80.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$177.81
Costs to cover: 1.013%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, just now.

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 Bybit live order book, 5 min ago	4.76 bp	26.5 bp −$26	155.3 bp −$1,553	doesn't fit	doesn't fit
Sell OKX live order book, just now	2.72 bp	21.6 bp −$22	doesn't fit	doesn't fit	doesn't fit

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	73.520	−0.068%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPshort	0.0000%	8h	73.570	0.000%	$874K	$1.0M	20x
QFEX NFLX-USD	0.0000%	1h	73.520	−0.068%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.630	+0.082%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.577	+0.010%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.547	−0.031%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.600	+0.041%	$1.4M	$330K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.510	−0.082%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.511	−0.080%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.515	−0.075%	$5.1M	$3.2M	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	−0.136%	$68K	$169K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	−0.054%	$152K	$13K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.593	+0.032%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0207%	8h	73.620	+0.068%	$4.2M	$621K	50x	as long as short
Variational Omni NFLX	+0.0214%	8h	73.577	+0.009%	$120K	$106K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.260	+0.938%	$83K	$55K	12x	as long as short
Binance NFLXUSDT	+0.0223%	8h	73.588	+0.024%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0327%	1h	73.527	−0.058%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0362%	8h	73.580	+0.014%	$617	$158K	10x	as long as short
Bybit NFLXUSDTlong	+0.0367%	8h	73.570	long leg	$1.3M	$1.0M	50x
BloFin NFLX-USDT	+0.0371%	8h	73.610	+0.054%	$47K	$82K	20x	as long as short