NFLX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0224%/8h= +24.5% APRnext payment +$2.24 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex+0.054%7-day average −0.024% · 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−$119as in the Price arb table

costs, in and out, $10k−$1261.264% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.155%−$15 · spread now +0.054%, 7d avg −0.024%

Together, before fees−0.149%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.079% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.024%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.24 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	Phemex NFLXUSDT	73.510	0	get 0.0000% / 8h	7h 24m	$1.4M	$329K	10x
Short	Gate NFLX_USDT	73.550	0.0224	get 0.0224% / 8h	7h 24m	$1.3M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.054%Rate

Funding earned: $47.04
Price spread: +0.054% → −0.024%: $7.86
Slippage, 4 orders: −$99.44
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$71.55
Costs to cover: 1.264%
Break-even: 17.6 days

Slippage from Phemex: live order book, 4 min ago; Gate: 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, 4 min ago	6.12 bp	55.0 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.68 bp	14.7 bp −$15	doesn't fit	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	73.452	−0.079%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.510	0.000%	$883K	$948K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.390	−0.163%	$1.1M	$1.5M	10x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.504	−0.008%	$2K	$4.9M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.445	−0.088%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.510	long leg	$1.4M	$329K	10x
Bitget NFLXUSDT	+0.0019%	8h	73.520	+0.014%	$4.3M	$571K	50x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.400	−0.150%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.382	−0.175%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.388	−0.166%	$5.0M	$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	73.430	−0.109%	$64K	$176K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.440	−0.095%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.486	−0.033%	$225	—	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0191%	8h	73.520	+0.014%	$872	$152K	10x	as long as short
Variational Omni NFLX	+0.0216%	8h	73.513	+0.004%	$94K	$139K	—	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.150	+0.871%	$83K	$72K	12x	as long as short
Binance NFLXUSDT	+0.0222%	8h	73.500	−0.014%	$5.4M	$5.4M	20x	as long as short
Gate NFLX_USDTshort	+0.0224%	8h	73.550	+0.054%	$1.3M	$1.2M	25x
Phoenix NFLX	+0.0229%	1h	73.501	−0.012%	$12K	$77K	10x	as long as short
BloFin NFLX-USDT	+0.0370%	8h	73.510	0.000%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0509%	8h	73.550	+0.054%	$1.3M	$906K	50x	as long as short