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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0252%/8h= +27.6% APRnext payment +$2.52 per $10,000 · paid last 24h +0.062%
Price spread now: Binance against Phemex−0.013%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1111.107% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.244%+$24 on $10k
Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.013%, 7d avg +0.005%
Together, before fees+0.271%+$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NFLXUSDT74.1300get 0.0000% / 8h6h 59m$1.4M$343K10x
ShortBinance NFLXUSDT74.1200.0252get 0.0252% / 8h6h 59m$5.4M$5.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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
$53.03
Price spread: −0.013% → +0.005%
−$1.85
Slippage, 4 orders
−$88.7
Fee Phemex: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$59.52
Costs to cover
1.107%
Break-even
14.9 days
Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 9 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 Phemex live order book, 3 min ago1.35 bp40.1 bp −$40doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 9 min ago0.68 bp11.4 bp −$1127.4 bp −$274161.5 bp −$16.2Kdoesn'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%8h74.280+0.202%$12K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h74.1300.000%$887K$789K20xas long as short
QFEX NFLX-USD0.0000%1h73.980−0.202%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h74.140+0.013%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h74.160+0.040%$4.2M$624K50xas long as short
SunX NFLX-USDT0.0000%8h74.106−0.032%$1K$4.2M10xas long as short
HTX NFLX-USDT0.0000%8h74.036−0.127%$10K$52K20xas long as short
Phemex NFLXUSDTlong0.0000%8h74.130long leg$1.4M$343K10x
Vest NFLX-USD-PERP+0.0046%1h74.000−0.175%$21K25xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h74.050−0.108%$64K$138K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NFLXUSDTM+0.0100%8h74.090−0.054%$152K$105K20xas long as short
Aevo NFLX-PERP+0.0104%1h74.113−0.023%$22710xas long as short
tradeXYZ xyz:NFLX+0.0191%1h74.037−0.125%$5.0M$2.9M10xas long as short
Extended NFLX-USD+0.0216%1h74.030−0.135%$12K$19K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h78.430+5.801%$87K$126K12xas long as short
Phoenix NFLX+0.0238%1h74.090−0.054%$12K$76K10xas long as short
Variational Omni NFLX+0.0249%8h74.131+0.002%$76K$124Kas long as short
Binance NFLXUSDTshort+0.0252%8h74.120−0.013%$5.4M$5.6M20x
Bybit NFLXUSDT+0.0319%8h74.170+0.054%$1.3M$832K50xas long as short
BloFin NFLX-USDT+0.0374%8h74.160+0.040%$47K$82K20xas long as short
GRVT NFLX_USDT_Perp+0.0787%8h74.1300.000%$254$123K10xas long as short