Funding you earn now, next payment 06:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.051%
Price spread now: tradeXYZ against Phoenix−0.060%81s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.317%−$32 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and tradeXYZ is 0.060% cheaper against Phoenix than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 81 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 | 73.833 | 0.0206 | pay 0.0026% / 1h | 26m 01s | $12K | $77K | 10x |
| Short | tradeXYZ xyz:NFLX | 73.789 | 0.0050 | get 0.0006% / 1h | 26m 01s | $5.0M | $3.0M | 10x |
Phoenix NFLX
tradeXYZ xyz:NFLXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$32.71
- Price spread: −0.060% → 0.000%
- −$5.96
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$63.67
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 2 min ago | 1.36 bp | 12.2 bp −$12 | 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 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 | 73.792 | −0.056% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.810 | −0.031% | $877K | $829K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.800 | −0.045% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.910 | +0.104% | $4.3M | $593K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.837 | +0.005% | $1K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.952 | +0.161% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.870 | +0.050% | $1.4M | $344K | 10x | as long as short |
| Gate NFLX_USDT | +0.0041% | 8h | 73.880 | +0.064% | $1.4M | $1.2M | 25x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.810 | −0.031% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.779 | −0.073% | $12K | $19K | 10x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
QFEX NFLX-USD
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Gate NFLX_USDT
Vest NFLX-USD-PERP
Extended NFLX-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLXshort | +0.0050% | 1h | 73.789 | −0.060% | $5.0M | $3.0M | 10x | |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.790 | −0.058% | $66K | $141K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.800 | −0.045% | $152K | $38K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.835 | +0.003% | $226 | — | 10x | as long as short |
| Variational Omni NFLX | +0.0113% | 8h | 73.912 | +0.107% | $95K | $126K | — | as long as short |
| Binance NFLXUSDT | +0.0117% | 8h | 73.821 | −0.016% | $5.4M | $5.6M | 20x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0186% | 8h | 73.944 | +0.150% | $486 | $139K | 10x | as long as short |
| Phoenix NFLXlong | +0.0206% | 1h | 73.833 | long leg | $12K | $77K | 10x | |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 74.520 | +0.930% | $83K | $110K | 12x | as long as short |
| BloFin NFLX-USDT | +0.0238% | 8h | 73.860 | +0.037% | $47K | $83K | 20x | as long as short |
| Bybit NFLXUSDT | +0.0282% | 8h | 73.850 | +0.023% | $1.3M | $872K | 50x | as long as short |
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Variational Omni NFLX
Binance NFLXUSDT
GRVT NFLX_USDT_Perp
Injective NFLX/USDC PERP
BloFin NFLX-USDT
Bybit NFLXUSDT