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−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h −0.030%
Price spread now: SunX against KuCoin+0.014%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$482as in the Funding arb table
Net, price: spread back to 7d avg − costs−$467as in the Price arb table
costs, in and out, $10k−$4614.613% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.210%−$21 on $10k
Price spread, last 4 days (all we have)+0.168%+$17 · spread now +0.014%, 7d avg +0.068%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.054% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.068%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NFLXUSDTM73.5500.0100pay 0.0100% / 8h3h 37m$151K$37K20x
ShortSunX NFLX-USDT73.5600get 0.0000% / 8h3h 37m$2K$4.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$21
Price spread: +0.014% → +0.068%
−$5.42
Slippage, 4 orders
−$441.27
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$487.69
Costs to cover
4.613%
Break-even
never at this rate
Slippage from KuCoin: live order book, 27 min ago; SunX: live order book, 11 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, 27 min ago19.72 bp128.2 bp −$128doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 11 min ago45.26 bp127.6 bp −$128doesn't fitdoesn't fitdoesn'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%8h73.570+0.027%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.590+0.054%$879K$816K20xas long as short
QFEX NFLX-USD0.0000%1h73.510−0.054%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.610+0.082%$4.3M$560K50xas long as short
SunX NFLX-USDTshort0.0000%8h73.560+0.014%$2K$4.6M10x
HTX NFLX-USDT0.0000%8h73.600+0.068%$10K$53K20xas long as short
Phemex NFLXUSDT0.0000%8h73.570+0.027%$1.4M$324K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.510−0.054%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.520−0.040%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.511−0.053%$4.9M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.490−0.082%$65K$139K10xas long as short
Gate NFLX_USDT+0.0065%8h73.630+0.109%$1.4M$1.2M25xas long as short
KuCoin NFLXUSDTMlong+0.0100%8h73.550long leg$151K$37K20x
Aevo NFLX-PERP+0.0104%1h73.569+0.025%$22510xas long as short
Variational Omni NFLX+0.0169%8h73.542−0.011%$94K$129Kas long as short
Binance NFLXUSDT+0.0172%8h73.578+0.039%$5.4M$5.4M20xas long as short
GRVT NFLX_USDT_Perp+0.0205%8h73.569+0.026%$529$143K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h77.910+5.928%$87K$95K12xas long as short
Phoenix NFLX+0.0250%1h73.537−0.018%$12K$77K10xas long as short
BloFin NFLX-USDT+0.0295%8h73.580+0.041%$47K$82K20xas long as short
Bybit NFLXUSDT+0.0366%8h73.630+0.109%$1.3M$875K50xas long as short