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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0128%/8h= +14.0% APRnext payment +$1.28 per $10,000 · paid last 24h +0.054%
Price spread now: Binance against KuCoin+0.095%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1581.576% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 2 days (all we have)−0.066%−$7 · spread now +0.095%, 7d avg +0.068%
Together, before fees−0.046%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.027% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NFLXUSDTM73.4400.0100pay 0.0100% / 8h7h 45m$151K$37K20x
ShortBinance NFLXUSDT73.5100.0228get 0.0228% / 8h7h 45m$5.4M$5.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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
$26.84
Price spread: +0.095% → +0.068%
$2.69
Slippage, 4 orders
−$135.61
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$128.09
Costs to cover
1.576%
Break-even
40.4 days
Slippage from KuCoin: live order book, 68 min ago; Binance: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 68 min ago20.40 bp58.1 bp −$58doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 7 min ago0.68 bp7.7 bp −$828.1 bp −$281171.1 bp −$17.1Kdoesn't fit

NFLX on 21 venues

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%8h73.441+0.002%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.520+0.109%$885K$964K20xas long as short
QFEX NFLX-USD0.0000%1h73.410−0.041%$1.1M$1.5M10xas long as short
SunX NFLX-USDT0.0000%8h73.513+0.099%$2K$5.0M10xas long as short
HTX NFLX-USDT0.0000%8h73.558+0.161%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.510+0.095%$1.4M$331K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.410−0.041%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.390−0.068%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.394−0.063%$5.0M$3.0M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.420−0.027%$64K$181K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NFLXUSDT+0.0065%8h73.500+0.082%$4.3M$580K50xas long as short
GRVT NFLX_USDT_Perp+0.0097%8h73.520+0.109%$598$153K10xas long as short
KuCoin NFLXUSDTMlong+0.0100%8h73.440long leg$151K$37K20x
Aevo NFLX-PERP+0.0104%1h73.487+0.063%$22510xas long as short
Gate NFLX_USDT+0.0129%8h73.530+0.123%$1.3M$1.2M25xas long as short
Injective NFLX/USDC PERP+0.0220%1h77.820+5.964%$87K$70K12xas long as short
Variational Omni NFLX+0.0222%8h73.504+0.087%$94K$139Kas long as short
Binance NFLXUSDTshort+0.0228%8h73.510+0.095%$5.4M$5.4M20x
Phoenix NFLX+0.0229%1h73.484+0.060%$12K$77K10xas long as short
BloFin NFLX-USDT+0.0379%8h73.530+0.123%$46K$82K20xas long as short
Bybit NFLXUSDT+0.0741%8h73.550+0.150%$1.3M$920K50xas long as short