NFLX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0342%/8h= +37.4% APRnext payment +$3.42 per $10,000 · paid last 24h +0.069%

Price spread now: Bybit against OKX+0.054%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$800.800% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.054%, 7d avg −0.003%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.057% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.003%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.42 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	73.770	0	get 0.0000% / 8h	3h 05m	$881K	$820K	20x
Short	Bybit NFLXUSDT	73.810	0.0342	get 0.0342% / 8h	3h 05m	$1.3M	$884K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.054%Rate

Funding earned: $71.74
Price spread: +0.054% → −0.003%: $5.69
Slippage, 4 orders: −$58.99
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2.56
Costs to cover: 0.800%
Break-even: 7.2 days

Slippage from OKX: live order book, 45 min ago; Bybit: live order book, 5 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, 45 min ago	2.72 bp	18.5 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	6.11 bp	19.1 bp −$19	175.0 bp −$1,750	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	73.741	−0.039%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPlong	0.0000%	8h	73.770	long leg	$881K	$820K	20x
QFEX NFLX-USD	0.0000%	1h	73.740	−0.041%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.750	−0.027%	$4.3M	$573K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.772	+0.003%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.753	−0.023%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.760	−0.014%	$1.4M	$328K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.730	−0.054%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.719	−0.069%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.725	−0.061%	$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	−0.014%	$65K	$140K	10x	as long as short
Gate NFLX_USDT	+0.0070%	8h	73.780	+0.014%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.740	−0.041%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.774	+0.006%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0134%	8h	73.762	−0.011%	$97K	$132K	—	as long as short
Binance NFLXUSDT	+0.0139%	8h	73.774	+0.005%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0174%	8h	73.670	−0.136%	$441	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.150	+5.937%	$87K	$99K	12x	as long as short
Phoenix NFLX	+0.0250%	1h	73.663	−0.145%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0261%	8h	73.690	−0.108%	$47K	$83K	20x	as long as short
Bybit NFLXUSDTshort	+0.0342%	8h	73.810	+0.054%	$1.3M	$884K	50x