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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.072%
Price spread now: Phoenix against Gate−0.158%47s7-day average · you buy dearer than you sell
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 7 days+0.462%+$46 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Phoenix is 0.158% cheaper against Gate than usual: you would sell low and buy high (spread −0.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 2.7 days of funding at the current rate (+$6 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NFLX_USDT74.0300.0057pay 0.0057% / 8h7h 56m$1.4M$1.1M25x
ShortPhoenix NFLX73.9130.0249get 0.0031% / 1h56m 34s$12K$77K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Gate. 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
$40.37
Price spread: −0.158% → 0.000%
−$15.8
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$2.56
Costs to cover
0.220%
Break-even
6.6 days
Slippage unknown: Gate: live order book, 1 min ago; 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 Gate live order book, 1 min ago4.73 bp29.6 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Phoenix no order-book sample
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%8h73.913−0.158%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h74.010−0.027%$879K$821K20xas long as short
QFEX NFLX-USD0.0000%1h73.930−0.135%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.990−0.054%$4.3M$594K50xas long as short
SunX NFLX-USDT0.0000%8h73.978−0.070%$1K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.872−0.213%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.980−0.068%$1.4M$348K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.880−0.203%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.913−0.158%$12K$19K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.915−0.155%$5.0M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.960−0.095%$64K$144K10xas long as short
Gate NFLX_USDTlong+0.0057%8h74.030long leg$1.4M$1.1M25x
KuCoin NFLXUSDTM+0.0100%8h73.930−0.135%$152K$55K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.984−0.062%$22610xas long as short
Variational Omni NFLX+0.0129%8h73.945−0.115%$83K$119Kas long as short
Binance NFLXUSDT+0.0142%8h73.980−0.068%$5.4M$5.7M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h78.290+5.754%$87K$119K12xas long as short
Phoenix NFLXshort+0.0249%1h73.913−0.158%$12K$77K10x
BloFin NFLX-USDT+0.0260%8h73.990−0.054%$47K$78K20xas long as short
GRVT NFLX_USDT_Perp+0.0283%8h73.960−0.095%$257$136K10xas long as short
Bybit NFLXUSDT+0.0539%8h74.010−0.027%$1.3M$882K50xas long as short