NFLX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Phemex−0.095%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$501as in the Funding arb table

Net, price: spread back to 7d avg − costs−$525as in the Price arb table

costs, in and out, $10k−$5225.223% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now −0.095%, 7d avg −0.068%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.027% cheaper against Phemex than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.068%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NFLXUSDT	73.620	0	get 0.0000% / 8h	4h 34m	$1.4M	$324K	10x
Short	KuCoin NFLXUSDTM	73.550	0.0100	get 0.0100% / 8h	4h 34m	$151K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.095%Rate

Funding earned: $21
Price spread: −0.095% → −0.068%: −$2.74
Slippage, 4 orders: −$498.3
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$504.04
Costs to cover: 5.223%
Break-even: 175.0 days

Slippage from Phemex: live order book, 4 min ago; KuCoin: live order book, 40 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	3.40 bp	44.7 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 40 min ago	23.12 bp	171.3 bp −$171	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	73.556	−0.087%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.640	+0.027%	$880K	$835K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.540	−0.109%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.610	−0.014%	$4.3M	$559K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.607	−0.018%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.541	−0.107%	$10K	$53K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.620	long leg	$1.4M	$324K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	−0.109%	—	$21K	25x	as long as short
Gate NFLX_USDT	+0.0046%	8h	73.660	+0.054%	$1.4M	$1.2M	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.537	−0.113%	$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	73.543	−0.105%	$4.9M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.520	−0.136%	$65K	$140K	10x	as long as short
KuCoin NFLXUSDTMshort	+0.0100%	8h	73.550	−0.095%	$151K	$37K	20x
Aevo NFLX-PERP	+0.0104%	1h	73.608	−0.016%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0200%	8h	73.597	−0.031%	$94K	$130K	—	as long as short
Binance NFLXUSDT	+0.0208%	8h	73.607	−0.018%	$5.4M	$5.4M	20x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.930	+5.854%	$87K	$90K	12x	as long as short
Phoenix NFLX	+0.0239%	1h	73.570	−0.068%	$12K	$77K	10x	as long as short
GRVT NFLX_USDT_Perp	+0.0300%	8h	73.600	−0.027%	$634	$144K	10x	as long as short
BloFin NFLX-USDT	+0.0347%	8h	73.580	−0.054%	$47K	$81K	20x	as long as short
Bybit NFLXUSDT	+0.0392%	8h	73.630	+0.014%	$1.3M	$876K	50x	as long as short