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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0176%/8h= −19.3% APRnext payment $0.22 per $10,000 · paid last 24h −0.055%
Price spread now: Ondo Perps against Phoenix+0.023%48s7-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−0.430%−$43 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
The price spread pays, funding is against you. Ondo Perps is 0.023% dearer against Phoenix than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix NFLX73.9530.0227pay 0.0028% / 1h0m 17s$12K$77K10x
ShortOndo Perps NFLX-USD.P73.9700.0050get 0.0006% / 1h0m 17s$64K$127K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$37.06
Price spread: +0.023% → 0.000%
$2.3
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$46.76
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample
Phoenix and Ondo Perps: 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 exchanges

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%8h74.019+0.089%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h74.060+0.145%$886K$773K20xas long as short
QFEX NFLX-USD0.0000%1h73.910−0.058%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h74.030+0.104%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h73.980+0.037%$4.2M$625K50xas long as short
SunX NFLX-USDT0.0000%8h74.022+0.093%$1K$4.0M10xas long as short
HTX NFLX-USDT0.0000%8h73.986+0.045%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h74.020+0.091%$1.4M$341K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.920−0.045%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.964+0.014%$12K$19K10xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.940−0.018%$5.0M$2.9M10xas long as short
Ondo Perps NFLX-USD.Pshort+0.0050%1h73.970+0.023%$64K$127K10x
KuCoin NFLXUSDTM+0.0100%8h74.030+0.104%$152K$169K20xas long as short
Aevo NFLX-PERP+0.0104%1h74.030+0.104%$22710xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.640+0.929%$83K$132K12xas long as short
Phoenix NFLXlong+0.0227%1h73.953long leg$12K$77K10x
Bybit NFLXUSDT+0.0262%8h74.090+0.185%$1.3M$759K50xas long as short
Variational Omni NFLX+0.0308%8h73.978+0.033%$76K$122Kas long as short
Binance NFLXUSDT+0.0309%8h74.030+0.104%$5.4M$5.5M20xas long as short
BloFin NFLX-USDT+0.0467%8h73.990+0.050%$422$82K20xas long as short
GRVT NFLX_USDT_Perp+0.0579%8h74.020+0.091%$253$117K10xas long as short