Settings8H · net · $10k
Funding arb · Price arb /

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.004%
Price spread now: tradeXYZ against OKX−0.088%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$550.547% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 7 days+0.061%+$6 · spread now −0.088%, 7d avg −0.126%
Together, before fees+0.089%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.038% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.126%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NFLX-USDT-SWAP74.0900get 0.0000% / 8h6h 54m$887K$789K20x
ShorttradeXYZ xyz:NFLX74.0250.0050get 0.0006% / 1h54m 26s$5.0M$2.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$10.5
Price spread: −0.088% → −0.126%
$3.81
Slippage, 4 orders
−$26.72
Fee OKX: 5 bp × 2 orders
−$10
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$40.41
Costs to cover
0.547%
Break-even
33.9 days
Slippage from OKX: live order book, 37 min ago; tradeXYZ: live order book, 4 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 OKX live order book, 37 min ago2.70 bp18.3 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 4 min ago1.35 bp13.1 bp −$13doesn't fitdoesn't fitdoesn't fit

NFLX on 21 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%8h74.181+0.123%$12K$5K20xas long as short
OKX NFLX-USDT-SWAPlong0.0000%8h74.090long leg$887K$789K20x
QFEX NFLX-USD0.0000%1h74.020−0.094%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h74.100+0.013%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h74.110+0.027%$4.2M$624K50xas long as short
SunX NFLX-USDT0.0000%8h74.092+0.003%$1K$4.2M10xas long as short
HTX NFLX-USDT0.0000%8h74.154+0.086%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h74.110+0.027%$1.4M$345K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h74.030−0.081%$21K25xas long as short
Extended NFLX-USD+0.0048%1h74.018−0.097%$12K$19K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLXshort+0.0050%1h74.025−0.088%$5.0M$2.9M10x
Ondo Perps NFLX-USD.P+0.0050%1h74.020−0.094%$64K$138K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h74.100+0.013%$152K$110K20xas long as short
Aevo NFLX-PERP+0.0104%1h74.089−0.001%$22710xas long as short
Injective NFLX/USDC PERP+0.0220%1h78.430+5.858%$87K$126K12xas long as short
Phoenix NFLX+0.0238%1h74.052−0.051%$12K$77K10xas long as short
Variational Omni NFLX+0.0256%8h74.101+0.014%$76K$123Kas long as short
Binance NFLXUSDT+0.0257%8h74.109+0.026%$5.4M$5.6M20xas long as short
Bybit NFLXUSDT+0.0352%8h74.140+0.067%$1.3M$829K50xas long as short
BloFin NFLX-USDT+0.0387%8h74.100+0.013%$47K$82K20xas long as short
GRVT NFLX_USDT_Perp+0.0755%8h74.116+0.035%$257$122K10xas long as short