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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0158%/8h= +17.3% APRnext payment +$0.20 per $10,000 · paid last 24h +0.052%
Price spread now: Phoenix against Extended+0.039%88s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.039% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended NFLX-USD73.9200.0048pay 0.0006% / 1h11m 56s$12K$19K10x
ShortPhoenix NFLX73.9490.0206get 0.0026% / 1h11m 56s$12K$77K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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
$33.19
Price spread: +0.039% → 0.000%
$3.88
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$25.07
Costs to cover
0.120%
Break-even
1.7 days
Slippage unknown: Extended: no order-book sample; Phoenix: no order-book sample. 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 Extended no order-book sample
Sell Phoenix no order-book sample
Extended and Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%8h73.949+0.039%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.980+0.081%$878K$835K20xas long as short
QFEX NFLX-USD0.0000%1h73.910−0.014%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.9200.000%$4.3M$592K50xas long as short
SunX NFLX-USDT0.0000%8h74.033+0.152%$1K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h74.077+0.212%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h74.010+0.121%$1.4M$339K10xas long as short
Gate NFLX_USDT+0.0037%8h74.050+0.175%$1.4M$1.2M25xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.930+0.013%$21K25xas long as short
Extended NFLX-USDlong+0.0048%1h73.920long leg$12K$19K10x
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.951+0.042%$5.0M$2.9M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.870−0.068%$66K$141K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.940+0.027%$152K$38K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.999+0.106%$22610xas long as short
Variational Omni NFLX+0.0108%8h73.978+0.078%$95K$126Kas long as short
Binance NFLXUSDT+0.0114%8h74.040+0.162%$5.4M$5.5M20xas long as short
GRVT NFLX_USDT_Perp+0.0151%8h73.980+0.080%$641$141K10xas long as short
Phoenix NFLXshort+0.0206%1h73.949+0.039%$12K$77K10x
Injective NFLX/USDC PERP+0.0220%1h78.350+5.993%$87K$105K12xas long as short
BloFin NFLX-USDT+0.0234%8h74.030+0.148%$47K$83K20xas long as short
Bybit NFLXUSDT+0.0289%8h73.970+0.067%$1.3M$903K50xas long as short