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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0124%/8h= +13.6% APRnext payment +$1.24 per $10,000 · paid last 24h +0.085%
Price spread now: Variational Omni against Phemex+0.113%56s7-day average −0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.120%+$12 on $10k
Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.113%, 7d avg −0.015%
Together, before fees−0.091%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Variational Omni is 0.128% dearer against Phemex than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.015%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NFLXUSDT73.7700get 0.0000% / 8h2h 34m$1.4M$330K10x
ShortVariational Omni NFLX73.8540.0124get 0.0124% / 8h2h 34m$95K$133K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$26.12
Price spread: +0.113% → −0.015%
$12.81
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$26.94
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Phemex: live order book, 4 min ago; Variational Omni: RFQ quote, 15 min ago. Net counts fees only.

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, 4 min ago1.36 bp69.3 bp −$69doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 15 min ago2.89 bpdoesn't fit37.4 bp −$374doesn'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%8h73.856+0.116%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.890+0.163%$882K$822K20xas long as short
QFEX NFLX-USD0.0000%1h73.780+0.014%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.910+0.190%$4.3M$575K50xas long as short
SunX NFLX-USDT0.0000%8h73.848+0.106%$2K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.921+0.205%$10K$52K20xas long as short
Phemex NFLXUSDTlong0.0000%8h73.770long leg$1.4M$330K10x
Vest NFLX-USD-PERP+0.0046%1h73.800+0.041%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.786+0.021%$12K$33K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.829+0.080%$5.0M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.800+0.041%$66K$141K10xas long as short
Gate NFLX_USDT+0.0052%8h73.910+0.190%$1.4M$1.2M25xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.850+0.108%$152K$38K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.872+0.138%$22610xas long as short
Variational Omni NFLXshort+0.0124%8h73.854+0.113%$95K$133K
Binance NFLXUSDT+0.0129%8h73.870+0.136%$5.4M$5.5M20xas long as short
GRVT NFLX_USDT_Perp+0.0168%8h73.850+0.108%$451$141K10xas long as short
Phoenix NFLX+0.0206%1h73.831+0.083%$12K$77K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.560+1.071%$83K$102K12xas long as short
BloFin NFLX-USDT+0.0250%8h73.860+0.122%$47K$83K20xas long as short
Bybit NFLXUSDT+0.0330%8h73.870+0.136%$1.3M$902K50xas long as short