NFLX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0191%/8h= −21.0% APRnext payment −$1.91 per $10,000 · paid last 24h −0.130%

Price spread now: Phemex against Bybit+0.082%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1411.405% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.082%, 7d avg +0.014%

Together, before fees−0.212%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.068% dearer against Bybit than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.014%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NFLXUSDT	73.600	0.0191	pay 0.0191% / 8h	6h 36m	$1.3M	$898K	50x
Short	Phemex NFLXUSDT	73.660	0	get 0.0000% / 8h	6h 36m	$1.4M	$329K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$40.19
Price spread: +0.082% → +0.014%: $6.76
Slippage, 4 orders: −$117.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$173.95
Costs to cover: 1.405%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Phemex: live order book, 2 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, 5 min ago	4.08 bp	29.1 bp −$29	153.5 bp −$1,535	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	1.36 bp	52.2 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
QFEX NFLX-USD	0.0000%	1h	73.550	−0.068%	$1.1M	$1.5M	10x	as long as short
Aster NFLXUSDT	0.0000%	8h	73.534	−0.089%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.650	+0.068%	$882K	$870K	20x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.670	+0.095%	$1.4M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.600	0.000%	$4.3M	$545K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.653	+0.072%	$2K	$4.8M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.498	−0.139%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.660	+0.082%	$1.4M	$329K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.550	−0.068%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.548	−0.071%	$16K	$29K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.555	−0.061%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.520	−0.109%	$64K	$142K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.570	−0.041%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.612	+0.017%	$225	—	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0150%	8h	73.592	−0.011%	$495	$149K	10x	as long as short
Phoenix NFLX	+0.0174%	1h	73.569	−0.042%	$12K	$77K	10x	as long as short
Bybit NFLXUSDTlong	+0.0191%	8h	73.600	long leg	$1.3M	$898K	50x
Variational Omni NFLX	+0.0204%	8h	73.649	+0.066%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0211%	8h	73.644	+0.059%	$5.5M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.960	+5.924%	$87K	$77K	12x	as long as short
BloFin NFLX-USDT	+0.0365%	8h	73.520	−0.109%	$47K	$82K	20x	as long as short