Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: Phemex against Bitget−0.068%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1331.328% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.165%+$17 · spread now −0.068%, 7d avg −0.033%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.035% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NFLXUSDT	73.790	0	get 0.0000% / 8h	2h 46m	$4.3M	$574K	50x
Short	Phemex NFLXUSDT	73.740	0	get 0.0000% / 8h	2h 46m	$1.4M	$329K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee PhemexbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.033%: −$3.52
Slippage, 4 orders: −$108.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$136.32
Costs to cover: 1.328%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Phemex: live order book, 1 min ago.

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 Bitget live order book, 1 min ago	6.77 bp	15.4 bp −$15	32.8 bp −$328	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	0.68 bp	52.4 bp −$52	doesn't fit	doesn't fit	doesn't fit

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	73.711	−0.107%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.820	+0.041%	$881K	$821K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.700	−0.122%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDTlong	0.0000%	8h	73.790	long leg	$4.3M	$574K	50x
SunX NFLX-USDT	0.0000%	8h	73.773	−0.023%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.759	−0.042%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.740	−0.068%	$1.4M	$329K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.710	−0.108%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.688	−0.138%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.696	−0.127%	$4.9M	$2.9M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.690	−0.136%	$66K	$141K	10x	as long as short
Gate NFLX_USDT	+0.0059%	8h	73.800	+0.014%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.710	−0.108%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.768	−0.030%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0120%	8h	73.777	−0.017%	$97K	$131K	—	as long as short
Binance NFLXUSDT	+0.0126%	8h	73.770	−0.027%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0148%	8h	73.791	+0.001%	$974	$142K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.706	−0.114%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.410	+0.840%	$83K	$101K	12x	as long as short
BloFin NFLX-USDT	+0.0246%	8h	73.760	−0.041%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0343%	8h	73.800	+0.014%	$1.3M	$885K	50x	as long as short