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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h −0.068%
Price spread now: Injective against Phoenix+5.934%112s7-day average · 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 7 days−0.601%−$60 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Injective is 5.934% dearer against Phoenix than usual: you sell high and buy low: +$593 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.601%, so the current rate has only just turned in your favour. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix NFLX73.7440.0206pay 0.0026% / 1h53m 24s$12K$77K10x
ShortInjective NFLX/USDC PERP78.1200.0220get 0.0028% / 1h53m 24s$87K$100K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Phoenix. 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
$2.93
Price spread: +5.934% → 0.000%
$593.4
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$589.32
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Phoenix: no order-book sample; Injective: no order-book sample. 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 Phoenix no order-book sample
Sell Injective no order-book sample
Phoenix and Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%8h73.703−0.056%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.820+0.103%$881K$821K20xas long as short
QFEX NFLX-USD0.0000%1h73.710−0.046%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.760+0.022%$4.3M$574K50xas long as short
SunX NFLX-USDT0.0000%8h73.783+0.053%$2K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.764+0.027%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.740−0.005%$1.4M$329K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.700−0.060%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.665−0.107%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.684−0.081%$4.9M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.720−0.033%$65K$141K10xas long as short
Gate NFLX_USDT+0.0059%8h73.820+0.103%$1.4M$1.2M25xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.720−0.033%$152K$38K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.744+0.001%$22610xas long as short
Variational Omni NFLX+0.0122%8h73.772+0.038%$97K$131Kas long as short
Binance NFLXUSDT+0.0123%8h73.780+0.049%$5.4M$5.4M20xas long as short
GRVT NFLX_USDT_Perp+0.0146%8h73.790+0.063%$974$142K10xas long as short
Phoenix NFLXlong+0.0206%1h73.744long leg$12K$77K10x
Injective NFLX/USDC PERPshort+0.0220%1h78.120+5.934%$87K$100K12x
BloFin NFLX-USDT+0.0247%8h73.780+0.049%$47K$83K20xas long as short
Bybit NFLXUSDT+0.0332%8h73.800+0.076%$1.3M$885K50xas long as short