Funding you earn now, next payment 16:00 UTC−0.0518%/8h= −56.7% APRnext payment −$5.18 per $10,000 · paid last 24h −0.123%
Price spread now: SunX against Bybit−0.073%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$317as in the Funding arb table
Net, price: spread back to 7d avg − costs−$299as in the Price arb table
costs, in and out, $10k−$2912.912% of the position
Funding, last 7 days−0.255%−$25 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.073%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and SunX is 0.081% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.255% in total (about -13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.18 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 | 73.930 | 0.0518 | pay 0.0518% / 8h | 4h 57m | $1.2M | $710K | 50x |
| Short | SunX NFLX-USDT | 73.876 | 0 | get 0.0000% / 8h | 4h 57m | $1K | $3.9M | 10x |
Bybit NFLXUSDT
SunX NFLX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$108.7
- Price spread: −0.073% → +0.008%
- −$8.14
- Slippage, 4 orders
- −$272.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$408.02
- Costs to cover
- 2.912%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 5 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, 2 min ago | 1.35 bp | 9.6 bp −$10 | 118.4 bp −$1,184 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 45.16 bp | 127.5 bp −$127 | 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 | 73.841 | −0.120% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.890 | −0.054% | $882K | $753K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.780 | −0.203% | $1.2M | $1.3M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.870 | −0.081% | $4.2M | $619K | 50x | as long as short |
| SunX NFLX-USDTshort | 0.0000% | 8h | 73.876 | −0.073% | $1K | $3.9M | 10x | |
| HTX NFLX-USDT | 0.0000% | 8h | 73.899 | −0.042% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.880 | −0.068% | $1.4M | $339K | 10x | as long as short |
| Gate NFLX_USDT | +0.0020% | 8h | 73.910 | −0.027% | $1.4M | $1.1M | 25x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.790 | −0.189% | — | $21K | 25x | as long as short |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.800 | −0.176% | $64K | $127K | 10x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
QFEX NFLX-USD
Bitget NFLXUSDT
HTX NFLX-USDT
Phemex NFLXUSDT
Gate NFLX_USDT
Vest NFLX-USD-PERP
Ondo Perps NFLX-USD.PShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.870 | −0.081% | $152K | $236K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.879 | −0.069% | $226 | — | 10x | as long as short |
| tradeXYZ xyz:NFLX | +0.0121% | 1h | 73.798 | −0.179% | $5.0M | $2.9M | 10x | as long as short |
| Extended NFLX-USD | +0.0144% | 1h | 73.791 | −0.188% | $12K | $19K | 10x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 74.580 | +0.879% | $83K | $139K | 12x | as long as short |
| Phoenix NFLX | +0.0238% | 1h | 73.816 | −0.154% | $12K | $77K | 10x | as long as short |
| Variational Omni NFLX | +0.0308% | 8h | 73.950 | +0.028% | $76K | $119K | — | as long as short |
| Binance NFLXUSDT | +0.0310% | 8h | 73.889 | −0.056% | $5.4M | $5.5M | 20x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0369% | 8h | 73.960 | +0.041% | $1K | $113K | 10x | as long as short |
| BloFin NFLX-USDT | +0.0467% | 8h | 73.960 | +0.041% | $48K | $82K | 20x | as long as short |
| Bybit NFLXUSDTlong | +0.0518% | 8h | 73.930 | long leg | $1.2M | $710K | 50x |
KuCoin NFLXUSDTM
Aevo NFLX-PERP
tradeXYZ xyz:NFLX
Extended NFLX-USD
Injective NFLX/USDC PERP
Phoenix NFLX
Variational Omni NFLX
Binance NFLXUSDT
GRVT NFLX_USDT_Perp
BloFin NFLX-USDT