Funding you earn now, next payment 01:00 UTC−0.0174%/8h= −19.1% APRpaid last 24h −0.079%
Price spread now: Phemex against Phoenix+0.080%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.463%−$46 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Phemex is 0.080% dearer against Phoenix than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 37 hours. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NFLX | 73.601 | 0.0174 | pay 0.0022% / 1h | 57m 24s | $12K | $76K | 10x |
| Short | Phemex NFLXUSDT | 73.660 | 0 | get 0.0000% / 8h | 5h 57m | $1.4M | $324K | 10x |
Phoenix NFLX
Phemex NFLXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$36.61
- Price spread: +0.080% → 0.000%
- $8.02
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$47.59
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Phemex: live order book, just now. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, just now | 4.07 bp | 58.1 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: 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 20 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 | 73.588 | −0.017% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.690 | +0.121% | $881K | $865K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.580 | −0.029% | $1.1M | $1.4M | 10x | as long as short |
| Gate NFLX_USDT | 0.0000% | 8h | 73.710 | +0.148% | $1.4M | $1.1M | 25x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.660 | +0.080% | $4.3M | $544K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.653 | +0.071% | $1K | $4.7M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.635 | +0.046% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDTshort | 0.0000% | 8h | 73.660 | +0.080% | $1.4M | $324K | 10x | |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.580 | −0.029% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.570 | −0.043% | $16K | $29K | 10x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
QFEX NFLX-USD
Gate NFLX_USDT
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Vest NFLX-USD-PERP
Extended NFLX-USDShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.575 | −0.035% | $4.9M | $2.9M | 10x | as long as short |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.610 | +0.012% | $64K | $143K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.600 | −0.001% | $151K | $37K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.655 | +0.073% | $225 | — | 10x | as long as short |
| Phoenix NFLXlong | +0.0174% | 1h | 73.601 | long leg | $12K | $76K | 10x | |
| Variational Omni NFLX | +0.0209% | 8h | 73.682 | +0.110% | $94K | $130K | — | as long as short |
| Binance NFLXUSDT | +0.0213% | 8h | 73.657 | +0.076% | $5.5M | $5.4M | 20x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 73.020 | −0.789% | $81K | $81K | 12x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0249% | 8h | 73.655 | +0.073% | $337 | $146K | 10x | as long as short |
| Bybit NFLXUSDT | +0.0259% | 8h | 73.640 | +0.053% | $1.3M | $899K | 50x | as long as short |
tradeXYZ xyz:NFLX
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Variational Omni NFLX
Binance NFLXUSDT
Injective NFLX/USDC PERP
GRVT NFLX_USDT_Perp
Bybit NFLXUSDT