Settings8H · net · $10k
Funding arb · Price arb /

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0239%/8h= +26.2% APRnext payment +$0.30 per $10,000 · paid last 24h +0.051%
Price spread now: Phoenix against Extended+0.059%68s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.059% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended NFLX-USD73.8920.0064pay 0.0008% / 1h44m 23s$12K$19K10x
ShortPhoenix NFLX73.9360.0303get 0.0038% / 1h44m 23s$12K$77K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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
$50.21
Price spread: +0.059% → 0.000%
$5.94
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$44.15
Costs to cover
0.120%
Break-even
0.8 days
Slippage unknown: Extended: no order-book sample; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Phoenix no order-book sample
Extended and Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NFLX on 21 exchanges

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%8h74.044+0.206%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.980+0.119%$907K$818K20xas long as short
QFEX NFLX-USD0.0000%1h73.840−0.070%$1.1M$1.3M10xas long as short
Bitget NFLXUSDT0.0000%8h73.980+0.119%$4.2M$619K50xas long as short
SunX NFLX-USDT0.0000%8h74.010+0.160%$1K$3.8M10xas long as short
HTX NFLX-USDT0.0000%8h73.910+0.024%$10K$46K20xas long as short
Phemex NFLXUSDT0.0000%8h74.000+0.146%$1.4M$336K10xas long as short
Gate NFLX_USDT+0.0025%8h74.030+0.187%$1.4M$1.1M25xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.870−0.030%$21K25xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.880−0.016%$64K$127K10xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0062%1h73.895+0.004%$5.0M$2.8M10xas long as short
Extended NFLX-USDlong+0.0064%1h73.892long leg$12K$19K10x
KuCoin NFLXUSDTM+0.0100%8h73.930+0.051%$151K$251K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.996+0.141%$22610xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.620+0.985%$83K$140K12xas long as short
Phoenix NFLXshort+0.0303%1h73.936+0.059%$12K$77K10x
Variational Omni NFLX+0.0312%8h73.961+0.093%$76K$119Kas long as short
Binance NFLXUSDT+0.0313%8h74.010+0.160%$5.4M$5.5M20xas long as short
GRVT NFLX_USDT_Perp+0.0372%8h73.956+0.087%$360$113K10xas long as short
BloFin NFLX-USDT+0.0467%8h73.960+0.092%$48K$82K20xas long as short
Bybit NFLXUSDT+0.0500%8h74.030+0.187%$1.2M$709K50xas long as short