Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0239%/8h= +26.2% APRpaid last 24h +0.075%

Price spread now: Phoenix against HTX+0.001%72s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NFLX-USDT	73.540	0	get 0.0000% / 8h	4h 44m	$10K	$53K	20x
Short	Phoenix NFLX	73.541	0.0239	get 0.0030% / 1h	44m 13s	$12K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee PhoenixbpOrdersPrice spread, now +0.001%Rate

Funding earned: $50.26
Price spread: +0.001% → 0.000%: $0.14
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $31.4
Costs to cover: 0.190%
Break-even: 2.6 days

Slippage unknown: HTX: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

HTX and 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NFLXUSDT	0.0000%	8h	73.538	−0.003%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.590	+0.068%	$879K	$835K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.530	−0.014%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	+0.095%	$4.3M	$553K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.577	+0.050%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDTlong	0.0000%	8h	73.540	long leg	$10K	$53K	20x
Phemex NFLXUSDT	0.0000%	8h	73.550	+0.014%	$1.4M	$323K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.510	−0.041%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.509	−0.041%	$16K	$29K	10x	as long as short
Gate NFLX_USDT	+0.0048%	8h	73.630	+0.122%	$1.4M	$1.2M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.515	−0.034%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.450	−0.122%	$65K	$139K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.530	−0.014%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.571	+0.042%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0208%	8h	73.552	+0.016%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0214%	8h	73.550	+0.014%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.880	+5.902%	$87K	$89K	12x	as long as short
Phoenix NFLXshort	+0.0239%	1h	73.541	+0.001%	$12K	$77K	10x
GRVT NFLX_USDT_Perp	+0.0314%	8h	73.570	+0.041%	$804	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0357%	8h	73.560	+0.027%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0410%	8h	73.600	+0.082%	$1.3M	$877K	50x	as long as short