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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0344%/8h= −37.7% APRpaid last 24h −0.108%
Price spread now: tradeXYZ against Bybit−0.122%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$670.666% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.080%−$8 on $10k
Price spread, last 7 days+0.058%+$6 · spread now −0.122%, 7d avg −0.122%
Together, before fees−0.023%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.122%, so right now this pair is about funding alone: −$10 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 -0.080% in total (about -4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NFLXUSDT73.6300.0394pay 0.0394% / 8h4h 37m$1.3M$877K50x
ShorttradeXYZ xyz:NFLX73.5400.0050get 0.0006% / 1h37m 40s$4.9M$2.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
−$72.31
Price spread: −0.122% → −0.122%
$0.02
Slippage, 4 orders
−$37.62
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$138.91
Costs to cover
0.666%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; tradeXYZ: live order book, 11 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, 3 min ago5.43 bp19.5 bp −$20143.1 bp −$1,431doesn't fitdoesn't fit
Sell tradeXYZ live order book, 11 min ago1.43 bp11.9 bp −$12doesn'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%8h73.553−0.104%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.640+0.014%$879K$835K20xas long as short
QFEX NFLX-USD0.0000%1h73.540−0.122%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.610−0.027%$4.3M$559K50xas long as short
SunX NFLX-USDT0.0000%8h73.598−0.043%$2K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.487−0.194%$10K$53K20xas long as short
Phemex NFLXUSDT0.0000%8h73.580−0.068%$1.4M$325K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.540−0.122%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.535−0.130%$16K$29K10xas long as short
Gate NFLX_USDT+0.0048%8h73.640+0.014%$1.4M$1.2M25xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLXshort+0.0050%1h73.540−0.122%$4.9M$2.9M10x
Ondo Perps NFLX-USD.P+0.0050%1h73.550−0.109%$65K$140K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.550−0.109%$151K$37K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.604−0.036%$22510xas long as short
Variational Omni NFLX+0.0203%8h73.576−0.073%$94K$130Kas long as short
Binance NFLXUSDT+0.0209%8h73.603−0.037%$5.4M$5.4M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h77.920+5.826%$87K$89K12xas long as short
Phoenix NFLX+0.0239%1h73.570−0.081%$12K$77K10xas long as short
GRVT NFLX_USDT_Perp+0.0306%8h73.590−0.054%$634$144K10xas long as short
BloFin NFLX-USDT+0.0350%8h73.550−0.109%$47K$81K20xas long as short
Bybit NFLXUSDTlong+0.0394%8h73.630long leg$1.3M$877K50x