Funding you earn now, next payment 03:00 UTC−0.0053%/8h= −5.9% APRpaid last 24h +0.010%
Price spread now: Variational Omni against Phoenix−0.026%114s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.026% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NFLX | 73.571 | 0.0239 | pay 0.0030% / 1h | 13m 32s | $12K | $77K | 10x |
| Short | Variational Omni NFLX | 73.552 | 0.0186 | get 0.0186% / 8h | 4h 13m | $94K | $130K | — |
Phoenix NFLX
Variational Omni NFLXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$11.22
- Price spread: −0.026% → 0.000%
- −$2.57
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$20.79
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 45 min ago. 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 Variational Omni RFQ quote, 45 min ago | 2.89 bp | doesn't fit | 35.9 bp −$359 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NFLXUSDT | 0.0000% | 8h | 73.518 | −0.072% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.550 | −0.029% | $879K | $822K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.500 | −0.097% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.610 | +0.053% | $4.3M | $559K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.551 | −0.027% | $1K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.539 | −0.043% | $10K | $53K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.550 | −0.029% | $1.4M | $324K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.500 | −0.097% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.493 | −0.106% | $16K | $29K | 10x | as long as short |
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.511 | −0.082% | $4.9M | $2.9M | 10x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
QFEX NFLX-USD
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Vest NFLX-USD-PERP
Extended NFLX-USD
tradeXYZ xyz:NFLXShow 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 | 73.460 | −0.151% | $65K | $139K | 10x | as long as short |
| Gate NFLX_USDT | +0.0062% | 8h | 73.630 | +0.080% | $1.4M | $1.2M | 25x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.530 | −0.056% | $151K | $37K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.557 | −0.019% | $225 | — | 10x | as long as short |
| Variational Omni NFLXshort | +0.0186% | 8h | 73.552 | −0.026% | $94K | $130K | — | |
| Binance NFLXUSDT | +0.0194% | 8h | 73.550 | −0.029% | $5.4M | $5.4M | 20x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 77.870 | +5.843% | $87K | $92K | 12x | as long as short |
| Phoenix NFLXlong | +0.0239% | 1h | 73.571 | long leg | $12K | $77K | 10x | |
| GRVT NFLX_USDT_Perp | +0.0260% | 8h | 73.577 | +0.008% | $614 | $143K | 10x | as long as short |
| BloFin NFLX-USDT | +0.0323% | 8h | 73.550 | −0.029% | $47K | $81K | 20x | as long as short |
| Bybit NFLXUSDT | +0.0378% | 8h | 73.600 | +0.039% | $1.3M | $875K | 50x | as long as short |
Ondo Perps NFLX-USD.P
Gate NFLX_USDT
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Binance NFLXUSDT
Injective NFLX/USDC PERP
GRVT NFLX_USDT_Perp
BloFin NFLX-USDT
Bybit NFLXUSDT