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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0176%/8h= −19.3% APRnext payment $0.22 per $10,000 · paid last 24h −0.055%
Price spread now: Ondo Perps against Phoenix−0.142%48s7-day average · you buy dearer than you sell
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−0.430%−$43 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Ondo Perps is 0.142% cheaper against Phoenix than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix NFLX74.1250.0227pay 0.0028% / 1h16m 16s$12K$77K10x
ShortOndo Perps NFLX-USD.P74.0200.0050get 0.0006% / 1h16m 16s$64K$130K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$37.06
Price spread: −0.142% → 0.000%
−$14.17
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$63.22
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Phoenix: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix no order-book sample
Sell Ondo Perps no order-book sample
Phoenix and Ondo Perps: 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 exchanges

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%8h74.096−0.040%$12K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h74.180+0.074%$887K$773K20xas long as short
QFEX NFLX-USD0.0000%1h74.060−0.088%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h74.180+0.074%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h74.180+0.074%$4.2M$621K50xas long as short
SunX NFLX-USDT0.0000%8h74.161+0.049%$1K$4.1M10xas long as short
HTX NFLX-USDT0.0000%8h74.099−0.035%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h74.160+0.047%$1.4M$345K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h74.070−0.074%$21K25xas long as short
Extended NFLX-USD+0.0048%1h74.075−0.067%$12K$19K10xas long as short
Show all 21 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h74.082−0.058%$5.0M$2.9M10xas long as short
Ondo Perps NFLX-USD.Pshort+0.0050%1h74.020−0.142%$64K$130K10x
KuCoin NFLXUSDTM+0.0100%8h74.130+0.007%$152K$150K20xas long as short
Aevo NFLX-PERP+0.0104%1h74.159+0.045%$22710xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.820+0.938%$83K$130K12xas long as short
Phoenix NFLXlong+0.0227%1h74.125long leg$12K$77K10x
Bybit NFLXUSDT+0.0289%8h74.220+0.128%$1.3M$840K50xas long as short
Variational Omni NFLX+0.0293%8h74.150+0.033%$76K$122Kas long as short
Binance NFLXUSDT+0.0301%8h74.168+0.059%$5.4M$5.6M20xas long as short
BloFin NFLX-USDT+0.0451%8h74.180+0.074%$47K$82K20xas long as short
GRVT NFLX_USDT_Perp+0.0604%8h74.153+0.038%$254$119K10xas long as short