Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.048%

Price spread now: BloFin against Phoenix+0.039%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.039% dearer against Phoenix than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.105%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NFLX	73.621	0.0250	pay 0.0031% / 1h	14m 34s	$12K	$77K	10x
Short	BloFin NFLX-USDT	73.650	0.0276	get 0.0276% / 8h	3h 14m	$47K	$82K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phoenix. 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 PhoenixbpFee BloFinbpOrdersPrice spread, now +0.039%Rate

Funding earned: $5.34
Price spread: +0.039% → 0.000%: $3.94
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.72
Costs to cover: 0.190%
Break-even: 19.7 days

Slippage unknown: Phoenix: no order-book sample; BloFin: no order-book sample. Net counts fees only.

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 Phoenix no order-book sample	—	—	—	—	—
Sell BloFin no order-book sample	—	—	—	—	—

Phoenix and BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	73.600	−0.028%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.640	+0.026%	$880K	$816K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.550	−0.096%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.640	+0.026%	$4.3M	$565K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.651	+0.041%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.551	−0.095%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.650	+0.039%	$1.4M	$325K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.540	−0.110%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.580	−0.055%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.589	−0.043%	$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	73.540	−0.110%	$65K	$139K	10x	as long as short
Gate NFLX_USDT	+0.0087%	8h	73.680	+0.080%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.610	−0.015%	$151K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.638	+0.024%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0150%	8h	73.632	+0.015%	$96K	$132K	—	as long as short
Binance NFLXUSDT	+0.0154%	8h	73.652	+0.042%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0189%	8h	73.644	+0.032%	$446	$141K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.290	+0.909%	$83K	$98K	12x	as long as short
Phoenix NFLXlong	+0.0250%	1h	73.621	long leg	$12K	$77K	10x
BloFin NFLX-USDTshort	+0.0276%	8h	73.650	+0.039%	$47K	$82K	20x
Bybit NFLXUSDT	+0.0364%	8h	73.690	+0.094%	$1.3M	$884K	50x	as long as short