NFLX

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0280%/8h= −30.7% APRnext payment −$2.80 per $10,000 · paid last 24h −0.099%

Price spread now: OKX against Bybit−0.054%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.054%, 7d avg +0.002%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.056% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.80 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NFLXUSDT	74.220	0.0280	pay 0.0280% / 8h	6h 15m	$1.3M	$808K	50x
Short	OKX NFLX-USDT-SWAP	74.180	0	get 0.0000% / 8h	6h 15m	$887K	$773K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$58.78
Price spread: −0.054% → +0.002%: −$5.56
Slippage, 4 orders: −$55.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$140.37
Costs to cover: 0.760%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 34 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 Bybit live order book, 4 min ago	2.02 bp	13.9 bp −$14	125.6 bp −$1,256	doesn't fit	doesn't fit
Sell OKX live order book, 34 min ago	3.37 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit

NFLX on 21 exchanges

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	74.090	−0.175%	$12K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPshort	0.0000%	8h	74.180	−0.054%	$887K	$773K	20x
QFEX NFLX-USD	0.0000%	1h	74.060	−0.216%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	74.150	−0.094%	$1.4M	$1.1M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	74.180	−0.054%	$4.2M	$621K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	74.161	−0.079%	$2K	$4.1M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	74.099	−0.163%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	74.160	−0.081%	$1.4M	$344K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	74.080	−0.189%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	74.074	−0.197%	$12K	$19K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	74.081	−0.187%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	74.020	−0.269%	$64K	$130K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	74.140	−0.108%	$153K	$152K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	74.156	−0.086%	$227	—	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.830	+0.822%	$83K	$130K	12x	as long as short
Phoenix NFLX	+0.0227%	1h	74.147	−0.098%	$12K	$77K	10x	as long as short
Bybit NFLXUSDTlong	+0.0280%	8h	74.220	long leg	$1.3M	$808K	50x
Variational Omni NFLX	+0.0299%	8h	74.149	−0.096%	$76K	$122K	—	as long as short
Binance NFLXUSDT	+0.0303%	8h	74.171	−0.066%	$5.4M	$5.6M	20x	as long as short
BloFin NFLX-USDT	+0.0453%	8h	74.150	−0.094%	$47K	$82K	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0606%	8h	74.165	−0.074%	$257	$117K	10x	as long as short