Funding you earn now, next payment 16:00 UTC−0.0518%/8h= −56.7% APRnext payment −$5.18 per $10,000 · paid last 24h −0.058%
Price spread now: OKX against GRVT+0.114%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$670.667% of the position
Funding, last 7 days−0.225%−$23 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.114%, 7d avg −0.006%
=Together, before fees−0.288%+ Points / potential airdropGRVT: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.120% dearer against GRVT than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of −0.006%): +$12 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.225% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.225% in total (about -11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.18 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT NFLX_USDT_Perp | 74.006 | 0.0518 | pay 0.0518% / 8h | 5h 55m | $257 | $115K | 10x |
| Short | OKX NFLX-USDT-SWAP | 74.090 | 0 | get 0.0000% / 8h | 5h 55m | $886K | $773K | 20x |
GRVT NFLX_USDT_Perp
OKX NFLX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$108.78
- Price spread: +0.114% → −0.006%
- $11.97
- Slippage, 4 orders
- −$47.73
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$163.54
- Costs to cover
- 0.667%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 54 min ago; OKX: live order book, 54 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GRVT live order book, 54 min ago | 2.02 bp | 9.2 bp −$9 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell OKX live order book, 54 min ago | 3.37 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
NFLX on 21 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NFLXUSDT | 0.0000% | 8h | 73.997 | −0.012% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAPshort | 0.0000% | 8h | 74.090 | +0.114% | $886K | $773K | 20x | |
| QFEX NFLX-USD | 0.0000% | 1h | 73.960 | −0.062% | $1.1M | $1.4M | 10x | as long as short |
| Gate NFLX_USDT | 0.0000% | 8h | 74.080 | +0.100% | $1.4M | $1.1M | 25x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.960 | −0.062% | $4.2M | $625K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 74.073 | +0.091% | $1K | $4.0M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.902 | −0.140% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 74.050 | +0.060% | $1.4M | $342K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.970 | −0.048% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.971 | −0.048% | $12K | $19K | 10x | as long as short |
Aster NFLXUSDT
QFEX NFLX-USD
Gate NFLX_USDT
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Vest NFLX-USD-PERP
Extended NFLX-USDShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.983 | −0.031% | $5.0M | $2.9M | 10x | as long as short |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.890 | −0.156% | $64K | $127K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 74.020 | +0.019% | $152K | $174K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 74.037 | +0.042% | $227 | — | 10x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 74.690 | +0.925% | $83K | $132K | 12x | as long as short |
| Bybit NFLXUSDT | +0.0222% | 8h | 74.120 | +0.154% | $1.3M | $759K | 50x | as long as short |
| Phoenix NFLX | +0.0227% | 1h | 73.921 | −0.114% | $12K | $77K | 10x | as long as short |
| BloFin NFLX-USDT | +0.0292% | 8h | 74.050 | +0.060% | $424 | $82K | 20x | as long as short |
| Binance NFLXUSDT | +0.0297% | 8h | 74.070 | +0.087% | $5.4M | $5.5M | 20x | as long as short |
| Variational Omni NFLX | +0.0300% | 8h | 74.026 | +0.028% | $76K | $122K | — | as long as short |
| GRVT NFLX_USDT_Perplong | +0.0518% | 8h | 74.006 | long leg | $257 | $115K | 10x |
tradeXYZ xyz:NFLX
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Injective NFLX/USDC PERP
Bybit NFLXUSDT
Phoenix NFLX
BloFin NFLX-USDT
Binance NFLXUSDT
Variational Omni NFLX