Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.061%

Price spread now: Phemex against OKX−0.027%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1301.295% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.305%+$31 · spread now −0.027%, 7d avg +0.016%

Together, before fees+0.184%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.043% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NFLX-USDT-SWAP	73.620	0	get 0.0000% / 8h	5h 06m	$880K	$861K	20x
Short	Phemex NFLXUSDT	73.600	0	get 0.0000% / 8h	5h 06m	$1.4M	$326K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.016%: −$4.33
Slippage, 4 orders: −$107.52
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$133.85
Costs to cover: 1.295%
Break-even: never at this rate

Slippage from OKX: live order book, 55 min ago; Phemex: live order book, 1 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 OKX live order book, 55 min ago	2.04 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	2.04 bp	50.3 bp −$50	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	73.512	−0.147%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPlong	0.0000%	8h	73.620	long leg	$880K	$861K	20x
QFEX NFLX-USD	0.0000%	1h	73.480	−0.190%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.620	0.000%	$4.3M	$546K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.586	−0.046%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.505	−0.156%	$10K	$53K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.600	−0.027%	$1.4M	$326K	10x
Gate NFLX_USDT	+0.0014%	8h	73.620	0.000%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.480	−0.190%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.491	−0.175%	$16K	$29K	10x	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	73.495	−0.170%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.500	−0.163%	$65K	$139K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.520	−0.136%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.561	−0.081%	$225	—	10x	as long as short
Phoenix NFLX	+0.0185%	1h	73.558	−0.084%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0204%	8h	73.571	−0.067%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0213%	8h	73.580	−0.054%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.880	+5.786%	$87K	$86K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0290%	8h	73.590	−0.041%	$825	$143K	10x	as long as short
BloFin NFLX-USDT	+0.0353%	8h	73.600	−0.027%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0391%	8h	73.600	−0.027%	$1.3M	$883K	50x	as long as short