Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Bitget against Phemex−0.027%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1211.208% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.027%, 7d avg +0.037%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.064% cheaper against Phemex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NFLXUSDT	73.640	0	get 0.0000% / 8h	4h 04m	$1.4M	$315K	10x
Short	Bitget NFLXUSDT	73.620	0	get 0.0000% / 8h	4h 04m	$4.2M	$571K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.037%: −$6.39
Slippage, 4 orders: −$96.84
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$127.22
Costs to cover: 1.208%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	3.39 bp	38.9 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.39 bp	15.8 bp −$16	49.9 bp −$499	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	73.800	+0.217%	$11K	$5K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.620	−0.027%	$1.1M	$1.4M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.650	+0.014%	$1.3M	$1.2M	25x	as long as short
Bitget NFLXUSDTshort	0.0000%	8h	73.620	−0.027%	$4.2M	$571K	50x
SunX NFLX-USDT	0.0000%	8h	73.680	+0.054%	$1K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.597	−0.058%	$11K	$49K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.640	long leg	$1.4M	$315K	10x
OKX NFLX-USDT-SWAP	+0.0019%	8h	73.600	−0.054%	$871K	$991K	20x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.600	−0.054%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.520	−0.163%	$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	73.541	−0.134%	$5.2M	$3.0M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.560	−0.109%	$74K	$164K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.540	−0.136%	$152K	$11K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.603	−0.050%	$225	—	10x	as long as short
Binance NFLXUSDT	+0.0118%	8h	73.612	−0.038%	$5.4M	$5.2M	20x	as long as short
Variational Omni NFLX	+0.0123%	8h	73.690	+0.067%	$119K	$110K	—	as long as short
GRVT NFLX_USDT_Perp	+0.0191%	8h	73.670	+0.041%	$321	$154K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.638	−0.003%	$12K	$66K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.360	+0.978%	$83K	$41K	12x	as long as short
BloFin NFLX-USDT	+0.0238%	8h	73.650	+0.014%	$47K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0499%	8h	73.620	−0.027%	$1.3M	$1.0M	50x	as long as short