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−0.0245%/8h= −26.8% APRnext payment $2.45 per $10,000 · paid last 24h −0.030%
Price spread now: SunX against GRVT−0.012%74s7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$313as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2882.879% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.255%−$26 on $10k
Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.012%, 7d avg +0.013%
Together, before fees−0.164%+ Points / potential airdropGRVT: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 0.024% cheaper against GRVT than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.013%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT NFLX_USDT_Perp73.6720.0245pay 0.0245% / 8h5h 57m$337$146K10x
ShortSunX NFLX-USDT73.6630get 0.0000% / 8h5h 57m$1K$4.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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
−$51.45
Price spread: −0.012% → +0.013%
−$2.41
Slippage, 4 orders
−$270.93
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$341.8
Costs to cover
2.879%
Break-even
never at this rate
Slippage from GRVT: 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 GRVT live order book, 4 min ago2.04 bp14.5 bp −$1531.6 bp −$316doesn't fitdoesn't fit
Sell SunX live order book, 11 min ago45.19 bp127.6 bp −$128doesn't fitdoesn't fitdoesn't fit

NFLX on 20 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%8h73.581−0.123%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.690+0.025%$881K$867K20xas long as short
QFEX NFLX-USD0.0000%1h73.580−0.124%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h73.700+0.039%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h73.660−0.016%$4.3M$544K50xas long as short
SunX NFLX-USDTshort0.0000%8h73.663−0.012%$1K$4.7M10x
HTX NFLX-USDT0.0000%8h73.635−0.050%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.660−0.016%$1.4M$324K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.580−0.124%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.569−0.139%$16K$29K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.575−0.131%$4.9M$2.9M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.610−0.084%$64K$143K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.600−0.097%$151K$37K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.651−0.028%$22510xas long as short
Phoenix NFLX+0.0174%1h73.601−0.096%$12K$76K10xas long as short
Variational Omni NFLX+0.0209%8h73.682+0.014%$94K$130Kas long as short
Binance NFLXUSDT+0.0214%8h73.650−0.029%$5.5M$5.4M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h73.020−0.884%$81K$81K12xas long as short
GRVT NFLX_USDT_Perplong+0.0245%8h73.672long leg$337$146K10x
Bybit NFLXUSDT+0.0262%8h73.640−0.043%$1.3M$899K50xas long as short