Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 65.420 | 0 | 0.0000% / 8h | 3h 13m | $1.5M | $518K | 10x | Long Phemex | |
| SHORT | 65.343 | +0.0049 | get 0.0006% / 1h | 13m 33s | $74K | $115K | 10x | Short Phoenix |
Price gap−0.118%
Funding gap+0.0049% /8h
Funding trade: +$1 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$30+0.0049% /8h now · paid +0.303% over the last 7D
Price−$1spread −0.118% now, avg −0.109% → −0.009% if it goes back
Costs−$950.950% of $10k · taker + slippage, in and out
Result−$66−0.66%no points
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.118%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNFLX on 24 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Watch: Thin at this size35.1 / 12.0 bpAt $10k entering Phemex costs 35.1 bp, fee and slippage, 2.9× Phoenix’s.
- Note: Margin at max leverage$1,000 + $1,000Phemex 10x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.47Long Phemex: 3 payments, $0.00; short Phoenix: 24 payments, +$1.47.
- Note: Gap at its usual level−0.118% vs −0.109%The price leg adds little either way.
- Watch: Short leg is thinner$74K vs $1.5M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · Phoenix NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0144%/8h × 21 periods+$30.25
Price spread−0.118% → −0.109% (7d avg)−$0.89
Slippage, 4 orderslive order books−$76.01
Fee Phemex bp × 2 orders−$12.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$65.64
Costs to cover0.950%Break-even22.2 days
Slippage: Phemex: live order book, 6 min ago; Phoenix: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex1.5335.1 bp−$35doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhoenix3.9812.0 bp−$1224.7 bp−$247doesn’t fitdoesn’t fit
Closing costs about the same again.
NFLX news
posts that mention NFLX, from every exchange| 11-05 13:24 | Kalshi | Listing | new market KXNFLXPERP ($NFLX) seen by our collector |
| 10-24 14:26 | BingX | Other | Could $NFLX turn its earnings beat into a comeback? Weak Q4 guidance and 1,000 layoffs pushed shares down 5.31%. Here's what investors are watching 👇 @BingXOfficial on X ↗ |
| 10-20 22:31 | Markets by Kinetiq | Other | > Netflix posts Q3. > Two minutes later, $NFLX is down on weak guidance. @Markets_xyz on X ↗ |
| 10-20 20:14 | Phoenix | Other | Netflix $NFLX beats Q3 earnings estimates but cuts its 2026 ad revenue forecast to ~$2.7B from ~$3B. $NFLX is trading at $66 on Phoenix. @PhoenixTrade on X ↗ |
| 10-20 19:30 | Vest Markets | Other | Trade $NFLX pre-earnings volatility with a Vest Capital funded account. Access up to $25k in trading capital at: @VestExchange on X ↗ |
| 10-20 19:30 | Vest Markets | Other | $NFLX REPORTS Q3 AFTER TODAY'S CLOSE → Consensus is $12.87B in revenue (up around 12% YoY) and $0.82 EPS versus Netflix's $12.86B and $0.82 Q3 forecast. → $NFLX forecasts a 33.2% operating margin for Q3 against a 31.5% target for 2026. → Netflix expects ad revenue to roughly double to about $3B in 2026. Focus areas include Q4 outlook, ad revenue pace, viewing hours, and content amortization. @VestExchange on X ↗ |


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