Funding you earn now, next payment 03:00 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.076%
Price spread now: tradeXYZ against GRVT−0.101%86s7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$620.616% of the position
Funding, last 7 days−0.176%−$18 on $10k
+Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.101%, 7d avg −0.148%
=Together, before fees−0.092%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.047% dearer against GRVT than usual: you sell high and buy low (spread −0.101% now, against its 7-day average of −0.148%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.176% in total) that is about 45 hours. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT NFLX_USDT_Perp | 73.580 | 0.0306 | pay 0.0306% / 8h | 5h 01m | $815 | $143K | 10x |
| Short | tradeXYZ xyz:NFLX | 73.506 | 0.0050 | get 0.0006% / 1h | 1m 57s | $4.9M | $2.9M | 10x |
GRVT NFLX_USDT_Perp
tradeXYZ xyz:NFLXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$53.76
- Price spread: −0.101% → −0.148%
- $4.71
- Slippage, 4 orders
- −$34.61
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$110.66
- Costs to cover
- 0.616%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 60 min ago; tradeXYZ: live order book, 6 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, 60 min ago | 2.04 bp | 14.5 bp −$15 | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 1.56 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
NFLX on 21 venues
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 | 73.523 | −0.078% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.630 | +0.068% | $880K | $861K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.490 | −0.122% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.610 | +0.041% | $4.3M | $546K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.576 | −0.005% | $1K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.577 | −0.004% | $10K | $53K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.590 | +0.014% | $1.4M | $326K | 10x | as long as short |
| Gate NFLX_USDT | +0.0023% | 8h | 73.630 | +0.068% | $1.4M | $1.2M | 25x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.480 | −0.136% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.500 | −0.108% | $16K | $29K | 10x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
QFEX NFLX-USD
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Gate NFLX_USDT
Vest NFLX-USD-PERP
Extended NFLX-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLXshort | +0.0050% | 1h | 73.506 | −0.101% | $4.9M | $2.9M | 10x | |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.520 | −0.082% | $65K | $139K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.530 | −0.068% | $151K | $37K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.571 | −0.012% | $225 | — | 10x | as long as short |
| Phoenix NFLX | +0.0185% | 1h | 73.569 | −0.015% | $12K | $77K | 10x | as long as short |
| Variational Omni NFLX | +0.0207% | 8h | 73.576 | −0.006% | $94K | $130K | — | as long as short |
| Binance NFLXUSDT | +0.0215% | 8h | 73.607 | +0.037% | $5.4M | $5.4M | 20x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 77.880 | +5.844% | $87K | $87K | 12x | as long as short |
| GRVT NFLX_USDT_Perplong | +0.0306% | 8h | 73.580 | long leg | $815 | $143K | 10x | |
| BloFin NFLX-USDT | +0.0359% | 8h | 73.620 | +0.054% | $47K | $81K | 20x | as long as short |
| Bybit NFLXUSDT | +0.0400% | 8h | 73.610 | +0.041% | $1.3M | $881K | 50x | as long as short |
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Phoenix NFLX
Variational Omni NFLX
Binance NFLXUSDT
Injective NFLX/USDC PERP
BloFin NFLX-USDT
Bybit NFLXUSDT