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−0.0154%/8h= −16.9% APRnext payment $1.54 per $10,000 · paid last 24h −0.084%
Price spread now: Phemex against Binance−0.002%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1181.180% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.230%−$23 on $10k
Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.002%, 7d avg −0.005%
Together, before fees−0.228%−$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NFLXUSDT73.6520.0154pay 0.0154% / 8h3h 14m$5.4M$5.4M20x
ShortPhemex NFLXUSDT73.6500get 0.0000% / 8h3h 14m$1.4M$325K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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
−$32.41
Price spread: −0.002% → −0.005%
$0.27
Slippage, 4 orders
−$96.04
Fee Binance: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$150.17
Costs to cover
1.180%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; Phemex: live order book, 3 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 Binance live order book, 8 min ago0.68 bp9.3 bp −$921.9 bp −$219195.5 bp −$19.5Kdoesn't fit
Sell Phemex live order book, 3 min ago1.36 bp57.0 bp −$57doesn'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%8h73.600−0.070%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.640−0.016%$880K$816K20xas long as short
QFEX NFLX-USD0.0000%1h73.550−0.138%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.640−0.016%$4.3M$565K50xas long as short
SunX NFLX-USDT0.0000%8h73.651−0.001%$2K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.551−0.137%$10K$52K20xas long as short
Phemex NFLXUSDTshort0.0000%8h73.650−0.002%$1.4M$325K10x
Vest NFLX-USD-PERP+0.0046%1h73.540−0.152%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.580−0.097%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.589−0.085%$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%1h73.540−0.152%$65K$139K10xas long as short
Gate NFLX_USDT+0.0087%8h73.680+0.038%$1.4M$1.2M25xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.610−0.057%$151K$37K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.638−0.018%$22510xas long as short
Variational Omni NFLX+0.0150%8h73.632−0.027%$96K$132Kas long as short
Binance NFLXUSDTlong+0.0154%8h73.652long leg$5.4M$5.4M20x
GRVT NFLX_USDT_Perp+0.0189%8h73.644−0.010%$446$141K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.290+0.866%$83K$98K12xas long as short
Phoenix NFLX+0.0250%1h73.621−0.042%$12K$77K10xas long as short
BloFin NFLX-USDT+0.0276%8h73.650−0.002%$47K$82K20xas long as short
Bybit NFLXUSDT+0.0364%8h73.690+0.052%$1.3M$884K50xas long as short