Funding you earn now, next payment 08:00 UTC+0.0226%/8h= +24.7% APRnext payment +$2.26 per $10,000 · paid last 24h +0.022%
Price spread now: Binance against OKX−0.014%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$610.605% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 2 days (all we have)−0.007%−$1 · spread now −0.014%, 7d avg +0.010%
=Funding pays, the price is against you. Binance is 0.024% cheaper against OKX than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.010%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.109% in total) that is about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.109% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX NFLX-USDT-SWAP | 73.490 | 0 | get 0.0000% / 8h | 6h 58m | $883K | $882K | 20x |
| Short | Binance NFLXUSDT | 73.480 | 0.0226 | get 0.0226% / 8h | 6h 58m | $5.4M | $5.4M | 20x |
OKX NFLX-USDT-SWAP
Binance NFLXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $47.4
- Price spread: −0.014% → +0.010%
- −$2.39
- Slippage, 4 orders
- −$40.54
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$15.52
- Costs to cover
- 0.605%
- Break-even
- 9.3 days
Slippage from OKX: live order book, 8 min ago; Binance: live order book, 9 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 OKX live order book, 8 min ago | 2.04 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.68 bp | 12.0 bp −$12 | 30.9 bp −$309 | 162.6 bp −$16.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX NFLX-USD | 0.0000% | 1h | 73.420 | −0.095% | $1.1M | $1.5M | 10x | as long as short |
| Aster NFLXUSDT | 0.0000% | 8h | 73.438 | −0.070% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAPlong | 0.0000% | 8h | 73.490 | long leg | $883K | $882K | 20x | |
| Gate NFLX_USDT | 0.0000% | 8h | 73.530 | +0.054% | $1.4M | $1.2M | 25x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.490 | 0.000% | $4.3M | $546K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.493 | +0.004% | $1K | $4.9M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.417 | −0.099% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.490 | 0.000% | $1.4M | $328K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.420 | −0.095% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.408 | −0.111% | $16K | $29K | 10x | as long as short |
QFEX NFLX-USD
Aster NFLXUSDT
Gate NFLX_USDT
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Vest NFLX-USD-PERP
Extended NFLX-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.415 | −0.102% | $5.0M | $2.9M | 10x | as long as short |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.430 | −0.082% | $64K | $151K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.440 | −0.068% | $151K | $37K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.481 | −0.012% | $225 | — | 10x | as long as short |
| Variational Omni NFLX | +0.0220% | 8h | 73.478 | −0.016% | $94K | $139K | — | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 77.780 | +5.838% | $87K | $74K | 12x | as long as short |
| Binance NFLXUSDTshort | +0.0226% | 8h | 73.480 | −0.014% | $5.4M | $5.4M | 20x | |
| Phoenix NFLX | +0.0229% | 1h | 73.433 | −0.078% | $12K | $76K | 10x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0266% | 8h | 73.500 | +0.014% | $550 | $150K | 10x | as long as short |
| BloFin NFLX-USDT | +0.0376% | 8h | 73.480 | −0.014% | $47K | $82K | 20x | as long as short |
| Bybit NFLXUSDT | +0.0400% | 8h | 73.470 | −0.027% | $1.3M | $900K | 50x | as long as short |
tradeXYZ xyz:NFLX
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Variational Omni NFLX
Injective NFLX/USDC PERP
Phoenix NFLX
GRVT NFLX_USDT_Perp
BloFin NFLX-USDT
Bybit NFLXUSDT