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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRnext payment $0.29 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Gate−0.026%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$290as in the Funding arb table
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$2902.895% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.026%, 7d avg +0.018%
Together, before fees+0.097%+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.044% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NFLX_USDT73.8900.0029pay 0.0029% / 8h37m 58s$1.4M$1.2M25x
ShortSunX NFLX-USDT73.8710get 0.0000% / 8h37m 58s$1K$4.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$6.09
Price spread: −0.026% → +0.018%
−$4.35
Slippage, 4 orders
−$266.51
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$299.95
Costs to cover
2.895%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; SunX: 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 Gate live order book, 4 min ago9.47 bp19.5 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 11 min ago45.19 bp127.5 bp −$127doesn'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%8h73.911+0.029%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.860−0.041%$876K$831K20xas long as short
QFEX NFLX-USD0.0000%1h73.780−0.149%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.880−0.014%$4.2M$596K50xas long as short
SunX NFLX-USDTshort0.0000%8h73.871−0.026%$1K$4.6M10x
HTX NFLX-USDT0.0000%8h73.884−0.008%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.870−0.027%$1.4M$345K10xas long as short
Gate NFLX_USDTlong+0.0029%8h73.890long leg$1.4M$1.2M25x
Vest NFLX-USD-PERP+0.0046%1h73.790−0.135%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.790−0.136%$12K$19K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.796−0.127%$5.0M$2.9M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.740−0.203%$66K$141K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.800−0.122%$152K$38K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.860−0.041%$22610xas long as short
Variational Omni NFLX+0.0119%8h73.861−0.040%$83K$120Kas long as short
Binance NFLXUSDT+0.0126%8h73.870−0.027%$5.4M$5.6M20xas long as short
GRVT NFLX_USDT_Perp+0.0209%8h73.8900.000%$372$137K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h78.200+5.833%$87K$115K12xas long as short
BloFin NFLX-USDT+0.0246%8h73.900+0.014%$47K$81K20xas long as short
Phoenix NFLX+0.0249%1h73.816−0.100%$12K$77K10xas long as short
Bybit NFLXUSDT+0.0254%8h73.880−0.014%$1.3M$889K50xas long as short