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

NFLX

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.123%
Price spread now: Phemex against Bybit−0.027%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1471.471% of the position
Long on BybitShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.255%−$25 on $10k
Price spread, last 4 days (all we have)+0.319%+$32 · spread now −0.027%, 7d avg +0.010%
Together, before fees+0.064%+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.037% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NFLXUSDT74.1000get 0.0000% / 8h7h 31m$1.3M$847K50x
ShortPhemex NFLXUSDT74.0800get 0.0000% / 8h7h 31m$1.4M$345K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
$0
Price spread: −0.027% → +0.010%
−$3.68
Slippage, 4 orders
−$124.12
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$150.8
Costs to cover
1.471%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Phemex: live order book, 1 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, 4 min ago4.72 bp21.8 bp −$22135.2 bp −$1,352doesn't fitdoesn't fit
Sell Phemex live order book, 1 min ago0.68 bp58.1 bp −$58doesn'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%8h74.008−0.124%$11K$5K20xas long as short
Bybit NFLXUSDTlong0.0000%8h74.100long leg$1.3M$847K50x
OKX NFLX-USDT-SWAP0.0000%8h74.060−0.054%$889K$802K20xas long as short
QFEX NFLX-USD0.0000%1h74.050−0.067%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h74.110+0.013%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h74.120+0.027%$4.2M$638K50xas long as short
SunX NFLX-USDT0.0000%8h74.077−0.031%$2K$4.4M10xas long as short
HTX NFLX-USDT0.0000%8h74.022−0.105%$10K$52K20xas long as short
Phemex NFLXUSDTshort0.0000%8h74.080−0.027%$1.4M$345K10x
Vest NFLX-USD-PERP+0.0046%1h74.030−0.094%—$21K25xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended NFLX-USD+0.0048%1h74.012−0.118%$12K$19K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h74.020−0.108%$5.0M$3.0M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.960−0.189%$64K$142K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h74.050−0.067%$152K$74K20xas long as short
Aevo NFLX-PERP+0.0104%1h74.086−0.019%$227—10xas long as short
Variational Omni NFLX+0.0146%8h74.053−0.064%$84K$119K—as long as short
Binance NFLXUSDT+0.0162%8h74.076−0.033%$5.4M$5.6M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.770+0.904%$83K$122K12xas long as short
Phoenix NFLX+0.0238%1h74.091−0.012%$12K$77K10xas long as short
BloFin NFLX-USDT+0.0277%8h74.130+0.040%$47K$78K20xas long as short
GRVT NFLX_USDT_Perp+0.0445%8h74.073−0.036%$253$128K10xas long as short