Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h +0.044%

Price spread now: Phoenix against KuCoin−0.104%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.104% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.3 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NFLXUSDTM	73.740	0.0100	pay 0.0100% / 8h	3h 05m	$152K	$38K	20x
Short	Phoenix NFLX	73.663	0.0250	get 0.0031% / 1h	5m 01s	$12K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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

Position, each leg$Hold fordaysFee KuCoinbpFee PhoenixbpOrdersPrice spread, now −0.104%Rate

Funding earned: $31.53
Price spread: −0.104% → 0.000%: −$10.44
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $2.09
Costs to cover: 0.190%
Break-even: 6.5 days

Slippage unknown: KuCoin: live order book, 59 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 59 min ago	19.72 bp	128.2 bp −$128	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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 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	73.732	−0.010%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.780	+0.054%	$881K	$820K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.730	−0.014%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.750	+0.014%	$4.3M	$573K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.792	+0.071%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.753	+0.018%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.770	+0.041%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.730	−0.014%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.680	−0.081%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.715	−0.034%	$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	73.700	−0.054%	$65K	$140K	10x	as long as short
Gate NFLX_USDT	+0.0068%	8h	73.820	+0.108%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTMlong	+0.0100%	8h	73.740	long leg	$152K	$38K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.768	+0.039%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0134%	8h	73.762	+0.030%	$97K	$132K	—	as long as short
Binance NFLXUSDT	+0.0139%	8h	73.785	+0.062%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0170%	8h	73.785	+0.060%	$441	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.140	+5.967%	$87K	$99K	12x	as long as short
Phoenix NFLXshort	+0.0250%	1h	73.663	−0.104%	$12K	$77K	10x
BloFin NFLX-USDT	+0.0259%	8h	73.810	+0.095%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0340%	8h	73.790	+0.068%	$1.3M	$884K	50x	as long as short