Settings8H · net · $10k
Funding arb · Price arb /

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0229%/8h= −25.0% APRpaid last 24h −0.081%
Price spread now: Gate against Phoenix+0.105%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.455%−$46 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Gate is 0.105% dearer against Phoenix than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 37 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix NFLX73.4330.0229pay 0.0029% / 1h1m 13s$12K$77K10x
ShortGate NFLX_USDT73.5100get 0.0000% / 8h7h 01m$1.4M$1.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$48.02
Price spread: +0.105% → 0.000%
$10.49
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$59.54
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell Gate live order book, 1 min ago5.44 bp56.0 bp −$56doesn't fitdoesn't fitdoesn't fit
Phoenix: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NFLXUSDT0.0000%8h73.423−0.014%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.450+0.023%$883K$947K20xas long as short
QFEX NFLX-USD0.0000%1h73.400−0.045%$1.1M$1.5M10xas long as short
Gate NFLX_USDTshort0.0000%8h73.510+0.105%$1.4M$1.2M25x
Bitget NFLXUSDT0.0000%8h73.490+0.078%$4.3M$569K50xas long as short
SunX NFLX-USDT0.0000%8h73.488+0.075%$1K$4.9M10xas long as short
HTX NFLX-USDT0.0000%8h73.495+0.084%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.490+0.078%$1.4M$329K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.400−0.045%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.386−0.064%$16K$29K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.393−0.054%$5.0M$2.9M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.400−0.045%$64K$151K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.430−0.004%$151K$37K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.484+0.069%$22510xas long as short
Variational Omni NFLX+0.0220%8h73.478+0.061%$94K$139Kas long as short
Injective NFLX/USDC PERP+0.0220%1h74.120+0.936%$82K$74K12xas long as short
Binance NFLXUSDT+0.0225%8h73.480+0.064%$5.4M$5.4M20xas long as short
Phoenix NFLXlong+0.0229%1h73.433long leg$12K$77K10x
GRVT NFLX_USDT_Perp+0.0243%8h73.488+0.075%$550$150K10xas long as short
BloFin NFLX-USDT+0.0375%8h73.500+0.091%$47K$82K20xas long as short
Bybit NFLXUSDT+0.0438%8h73.470+0.050%$1.3M$903K50xas long as short