NFLX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.70 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Gate−0.027%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2102.103% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.027%, 7d avg +0.020%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.047% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NFLX_USDT	73.780	0.0070	pay 0.0070% / 8h	3h 06m	$1.4M	$1.2M	25x
Short	Phemex NFLXUSDT	73.760	0	get 0.0000% / 8h	3h 06m	$1.4M	$328K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$14.7
Price spread: −0.027% → +0.020%: −$4.72
Slippage, 4 orders: −$183.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$229.72
Costs to cover: 2.103%
Break-even: never at this rate

Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago	0.68 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.68 bp	52.7 bp −$53	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	73.744	−0.049%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.770	−0.014%	$881K	$820K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.740	−0.054%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.750	−0.041%	$4.3M	$573K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.772	−0.011%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.753	−0.037%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.760	−0.027%	$1.4M	$328K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.730	−0.068%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.692	−0.120%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.725	−0.075%	$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	73.760	−0.027%	$65K	$140K	10x	as long as short
Gate NFLX_USDTlong	+0.0070%	8h	73.780	long leg	$1.4M	$1.2M	25x
KuCoin NFLXUSDTM	+0.0100%	8h	73.740	−0.054%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.774	−0.008%	$226	—	10x	as long as short
Binance NFLXUSDT	+0.0139%	8h	73.778	−0.003%	$5.4M	$5.4M	20x	as long as short
Variational Omni NFLX	+0.0146%	8h	73.651	−0.174%	$97K	$132K	—	as long as short
GRVT NFLX_USDT_Perp	+0.0174%	8h	73.670	−0.149%	$441	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.150	+5.923%	$87K	$99K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.663	−0.159%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0261%	8h	73.690	−0.122%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0342%	8h	73.810	+0.041%	$1.3M	$884K	50x	as long as short