Funding you earn now, next payment 08:00 UTC−0.0238%/8h= −26.1% APRnext payment −$0.30 per $10,000 · paid last 24h −0.071%
Price spread now: QFEX against Phoenix−0.148%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and QFEX is 0.148% cheaper against Phoenix than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NFLX | 74.090 | 0.0238 | pay 0.0030% / 1h | 59m 15s | $12K | $76K | 10x |
| Short | QFEX NFLX-USD | 73.980 | 0 | get 0.0000% / 1h | 59m 15s | $1.1M | $1.4M | 10x |
Phoenix NFLX
QFEX NFLX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$50.02
- Price spread: −0.148% → 0.000%
- −$14.85
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$81.86
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; QFEX: live order book, 2 min ago. 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 QFEX live order book, 2 min ago | 2.70 bp | 13.1 bp −$13 | 19.4 bp −$194 | 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 21 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 | 74.280 | +0.256% | $12K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 74.130 | +0.054% | $887K | $789K | 20x | as long as short |
| QFEX NFLX-USDshort | 0.0000% | 1h | 73.980 | −0.148% | $1.1M | $1.4M | 10x | |
| Gate NFLX_USDT | 0.0000% | 8h | 74.140 | +0.067% | $1.4M | $1.1M | 25x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 74.160 | +0.094% | $4.2M | $624K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 74.106 | +0.022% | $1K | $4.2M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 74.036 | −0.073% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 74.130 | +0.054% | $1.4M | $343K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 74.000 | −0.121% | — | $21K | 25x | as long as short |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 74.050 | −0.054% | $64K | $138K | 10x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
Gate NFLX_USDT
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Vest NFLX-USD-PERP
Ondo Perps NFLX-USD.PShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NFLXUSDTM | +0.0100% | 8h | 74.090 | 0.000% | $152K | $105K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 74.113 | +0.031% | $227 | — | 10x | as long as short |
| tradeXYZ xyz:NFLX | +0.0191% | 1h | 74.037 | −0.072% | $5.0M | $2.9M | 10x | as long as short |
| Extended NFLX-USD | +0.0216% | 1h | 74.030 | −0.081% | $12K | $19K | 10x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 78.430 | +5.858% | $87K | $126K | 12x | as long as short |
| Phoenix NFLXlong | +0.0238% | 1h | 74.090 | long leg | $12K | $76K | 10x | |
| Variational Omni NFLX | +0.0249% | 8h | 74.131 | +0.056% | $76K | $124K | — | as long as short |
| Binance NFLXUSDT | +0.0252% | 8h | 74.120 | +0.040% | $5.4M | $5.6M | 20x | as long as short |
| Bybit NFLXUSDT | +0.0319% | 8h | 74.170 | +0.108% | $1.3M | $832K | 50x | as long as short |
| BloFin NFLX-USDT | +0.0374% | 8h | 74.160 | +0.094% | $47K | $82K | 20x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0787% | 8h | 74.130 | +0.054% | $254 | $123K | 10x | as long as short |
KuCoin NFLXUSDTM
Aevo NFLX-PERP
tradeXYZ xyz:NFLX
Extended NFLX-USD
Injective NFLX/USDC PERP
Variational Omni NFLX
Binance NFLXUSDT
Bybit NFLXUSDT
BloFin NFLX-USDT
GRVT NFLX_USDT_Perp