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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0281%/8h= −30.8% APRnext payment $0.35 per $10,000 · paid last 24h −0.059%
Price spread now: Vest against Phoenix−0.037%58s7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Vest is 0.037% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix NFLX73.5270.0327pay 0.0041% / 1h0m 26s$12K$77K10x
ShortVest NFLX-USD-PERP73.5000.0046get 0.0006% / 1h0m 26s$21K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
−$58.98
Price spread: −0.037% → 0.000%
−$3.67
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
−$71.65
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; Vest: 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 Vest no order-book sample
Phoenix and Vest: 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%8h73.519−0.011%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.570+0.058%$874K$1.0M20xas long as short
QFEX NFLX-USD0.0000%1h73.510−0.023%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h73.620+0.126%$1.3M$1.2M25xas long as short
SunX NFLX-USDT0.0000%8h73.577+0.068%$1K$5.0M10xas long as short
HTX NFLX-USDT0.0000%8h73.547+0.027%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.600+0.099%$1.4M$330K10xas long as short
Vest NFLX-USD-PERPshort+0.0046%1h73.500−0.037%$21K25x
Extended NFLX-USD+0.0048%1h73.495−0.043%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.500−0.037%$5.1M$3.2M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.470−0.078%$68K$169K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.520−0.010%$152K$13K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.593+0.090%$22510xas long as short
Bitget NFLXUSDT+0.0205%8h73.600+0.099%$4.2M$621K50xas long as short
Variational Omni NFLX+0.0214%8h73.577+0.068%$120K$106Kas long as short
Injective NFLX/USDC PERP+0.0220%1h74.260+0.997%$83K$55K12xas long as short
Binance NFLXUSDT+0.0222%8h73.584+0.077%$5.4M$5.4M20xas long as short
Phoenix NFLXlong+0.0327%1h73.527long leg$12K$77K10x
GRVT NFLX_USDT_Perp+0.0362%8h73.580+0.072%$617$158K10xas long as short
Bybit NFLXUSDT+0.0365%8h73.560+0.045%$1.3M$1.0M50xas long as short
BloFin NFLX-USDT+0.0371%8h73.610+0.113%$47K$82K20xas long as short