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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 16:00 UTC+0.0539%/8h= +59.0% APRnext payment +$5.39 per $10,000 · paid last 24h +0.130%
Price spread now: Bybit against SunX+0.043%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$266as in the Funding arb table
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2892.891% of the position
Long on SunXShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.229%+$23 on $10k
Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.043%, 7d avg −0.011%
Together, before fees+0.095%+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Bybit is 0.054% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.011%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.229% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NFLX-USDT73.9580get 0.0000% / 8h7h 56m$1K$4.6M10x
ShortBybit NFLXUSDT73.9900.0539get 0.0539% / 8h7h 56m$1.3M$882K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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
$113.2
Price spread: +0.043% → −0.011%
$5.39
Slippage, 4 orders
−$270.07
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$170.47
Costs to cover
2.891%
Break-even
17.5 days
Slippage from SunX: live order book, 12 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 12 min ago45.26 bp123.7 bp −$124doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago5.41 bp20.1 bp −$20197.2 bp −$1,972doesn't fitdoesn't fit

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%8h73.903−0.074%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.990+0.043%$878K$820K20xas long as short
QFEX NFLX-USD0.0000%1h73.930−0.038%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.930−0.038%$4.2M$594K50xas long as short
SunX NFLX-USDTlong0.0000%8h73.958long leg$1K$4.6M10x
HTX NFLX-USDT0.0000%8h73.872−0.116%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.990+0.043%$1.4M$349K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.920−0.051%—$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.887−0.095%$12K$19K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.895−0.085%$5.0M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.960+0.003%$64K$144K10xas long as short
Gate NFLX_USDT+0.0057%8h74.020+0.084%$1.4M$1.1M25xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.900−0.078%$152K$55K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.948−0.013%$226—10xas long as short
Variational Omni NFLX+0.0129%8h73.945−0.018%$83K$119K—as long as short
Binance NFLXUSDT+0.0142%8h73.980+0.030%$5.4M$5.7M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h78.290+5.857%$87K$119K12xas long as short
Phoenix NFLX+0.0249%1h73.913−0.061%$12K$77K10xas long as short
BloFin NFLX-USDT+0.0260%8h73.990+0.043%$47K$78K20xas long as short
GRVT NFLX_USDT_Perp+0.0283%8h73.960+0.003%$257$136K10xas long as short
Bybit NFLXUSDTshort+0.0539%8h73.990+0.043%$1.3M$882K50x