Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0133%/8hnext payment +$1.33 per $10,000 · paid last 24h +0.061%

Price spread now: Binance against Phemex+0.169%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1461.464% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 1 day (all we have)−0.167%−$17 · spread now +0.169%, 7d avg −0.004%

Together, before fees+0.041%+$4 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 0.173% dearer against Phemex than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NFLXUSDT	73.740	0	get 0.0000% / 8h	4h 23m	$1.4M	$309K	10x
Short	Binance NFLXUSDT	73.865	0.0133	get 0.0133% / 8h	4h 23m	$5.5M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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 PhemexbpFee BinancebpOrdersPrice spread, now +0.169%Rate

Funding earned: $27.85
Price spread: +0.169% → −0.004%: $17.29
Slippage, 4 orders: −$124.37
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$101.22
Costs to cover: 1.464%
Break-even: 32.4 days

Slippage from Phemex: live order book, 4 min ago; Binance: live order book, 4 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 Phemex live order book, 4 min ago	0.68 bp	77.1 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.68 bp	13.1 bp −$13	39.8 bp −$398	143.7 bp −$14.4K	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	73.827	+0.117%	$9K	$340	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.790	+0.068%	$1.1M	$1.3M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.900	+0.217%	$1.3M	$1.2M	25x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.860	+0.163%	$4.2M	$520K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.891	+0.205%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.928	+0.255%	$11K	$49K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.740	long leg	$1.4M	$309K	10x
OKX NFLX-USDT-SWAP	+0.0040%	8h	73.880	+0.190%	$879K	$980K	20x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.790	+0.068%	—	$18K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.791	+0.069%	$16K	$29K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.797	+0.077%	$5.2M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.800	+0.081%	$69K	$153K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.790	+0.068%	$152K	$10K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.893	+0.208%	$226	—	10x	as long as short
Binance NFLXUSDTshort	+0.0133%	8h	73.865	+0.169%	$5.5M	$5.0M	20x
Variational Omni NFLX	+0.0138%	8h	73.900	+0.216%	$120K	$110K	—	as long as short
GRVT NFLX_USDT_Perp	+0.0203%	8h	73.903	+0.220%	$428	$151K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.868	+0.174%	$12K	$66K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.240	+6.103%	$87K	$38K	12x	as long as short
BloFin NFLX-USDT	+0.0254%	8h	73.860	+0.163%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0559%	8h	73.910	+0.231%	$1.3M	$989K	50x	as long as short