NFLX

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0275%/8h= +30.1% APRnext payment +$2.75 per $10,000 · paid last 24h +0.123%

Price spread now: Bybit against Phemex+0.013%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1301.300% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$25 on $10k

Price spread, last 4 days (all we have)−0.306%−$31 · spread now +0.013%, 7d avg −0.010%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.023% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NFLXUSDT	74.150	0	get 0.0000% / 8h	7h 01m	$1.4M	$342K	10x
Short	Bybit NFLXUSDT	74.160	0.0275	get 0.0275% / 8h	7h 01m	$1.3M	$832K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee PhemexbpFee BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: $57.72
Price spread: +0.013% → −0.010%: $2.33
Slippage, 4 orders: −$106.98
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$69.93
Costs to cover: 1.300%
Break-even: 15.5 days

Slippage from Phemex: live order book, 1 min ago; Bybit: live order book, 4 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 Phemex live order book, 1 min ago	1.35 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	6.07 bp	25.6 bp −$26	171.3 bp −$1,713	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	74.236	+0.116%	$12K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	74.130	−0.027%	$888K	$791K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	74.050	−0.135%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	74.160	+0.013%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.170	+0.027%	$4.2M	$624K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.141	−0.012%	$2K	$4.2M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.984	−0.224%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	74.150	long leg	$1.4M	$342K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	74.060	−0.121%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	74.037	−0.153%	$12K	$19K	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	74.046	−0.140%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	74.050	−0.135%	$64K	$138K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	74.100	−0.067%	$152K	$101K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.100	−0.067%	$227	—	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.750	+0.809%	$83K	$125K	12x	as long as short
Phoenix NFLX	+0.0238%	1h	74.090	−0.081%	$12K	$77K	10x	as long as short
Variational Omni NFLX	+0.0243%	8h	74.063	−0.118%	$76K	$124K	—	as long as short
Binance NFLXUSDT	+0.0248%	8h	74.150	0.000%	$5.4M	$5.5M	20x	as long as short
Bybit NFLXUSDTshort	+0.0275%	8h	74.160	+0.013%	$1.3M	$832K	50x
BloFin NFLX-USDT	+0.0387%	8h	74.090	−0.081%	$47K	$80K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0838%	8h	74.090	−0.081%	$253	$123K	10x	as long as short