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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against SunX−0.034%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$657as in the Funding arb table
Net, price: spread back to 7d avg − costs−$674as in the Price arb table
costs, in and out, $10k−$6786.776% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.210%+$21 on $10k
Price spread, last 4 days (all we have)−0.213%−$21 · spread now −0.034%, 7d avg −0.068%
Together, before fees−0.003%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.035% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NFLX-USDT73.5550get 0.0000% / 8h4h 14m$1K$4.6M10x
ShortKuCoin NFLXUSDTM73.5300.0100get 0.0100% / 8h4h 14m$151K$37K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$21
Price spread: −0.034% → −0.068%
$3.45
Slippage, 4 orders
−$657.65
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$653.2
Costs to cover
6.776%
Break-even
224.7 days
Slippage from SunX: live order book, 4 min ago; KuCoin: live order book, 59 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, 4 min ago45.94 bp124.2 bp −$124doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 59 min ago23.12 bp171.3 bp −$171doesn't fitdoesn'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%8h73.551−0.006%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.550−0.007%$879K$824K20xas long as short
QFEX NFLX-USD0.0000%1h73.500−0.075%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.610+0.075%$4.3M$559K50xas long as short
SunX NFLX-USDTlong0.0000%8h73.555long leg$1K$4.6M10x
HTX NFLX-USDT0.0000%8h73.539−0.022%$10K$53K20xas long as short
Phemex NFLXUSDT0.0000%8h73.550−0.007%$1.4M$324K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.500−0.075%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.492−0.086%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.510−0.061%$4.9M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.460−0.129%$65K$139K10xas long as short
Gate NFLX_USDT+0.0062%8h73.630+0.102%$1.4M$1.2M25xas long as short
KuCoin NFLXUSDTMshort+0.0100%8h73.530−0.034%$151K$37K20x
Aevo NFLX-PERP+0.0104%1h73.560+0.007%$22510xas long as short
Variational Omni NFLX+0.0186%8h73.552−0.004%$94K$130Kas long as short
Binance NFLXUSDT+0.0194%8h73.550−0.007%$5.4M$5.4M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h77.870+5.866%$87K$92K12xas long as short
Phoenix NFLX+0.0239%1h73.571+0.022%$12K$77K10xas long as short
GRVT NFLX_USDT_Perp+0.0260%8h73.577+0.030%$614$143K10xas long as short
BloFin NFLX-USDT+0.0323%8h73.550−0.007%$47K$81K20xas long as short
Bybit NFLXUSDT+0.0378%8h73.610+0.075%$1.3M$875K50xas long as short