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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0249%/8h= −27.3% APRnext payment $2.49 per $10,000 · paid last 24h −0.062%
Price spread now: Phemex against Variational Omni−0.029%7-day average +0.014% · 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 4 days (all we have)−0.133%−$13 on $10k
Price spread, last 4 days (all we have)+0.416%+$42 · spread now −0.029%, 7d avg +0.014%
Together, before fees+0.283%+ Points / potential airdropVariational Omni: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Phemex is 0.043% cheaper against Variational Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NFLX74.1310.0249pay 0.0249% / 8h6h 57m$76K$124K
ShortPhemex NFLXUSDT74.1100get 0.0000% / 8h6h 57m$1.4M$344K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Variational Omni. 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
−$52.39
Price spread: −0.029% → +0.014%
−$4.27
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$68.66
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Phemex: live order book, just now. 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 Variational Omni RFQ quote, 36 min ago2.88 bpdoesn't fit47.5 bp −$475doesn't fitdoesn't fit
Sell Phemex live order book, just now3.37 bp45.0 bp −$45doesn't fitdoesn't fitdoesn't fit

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%8h74.246+0.154%$12K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h74.110−0.029%$887K$789K20xas long as short
QFEX NFLX-USD0.0000%1h74.030−0.137%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h74.130−0.002%$1.4M$1.1M25xas long as short
Bitget NFLXUSDT0.0000%8h74.110−0.029%$4.2M$624K50xas long as short
SunX NFLX-USDT0.0000%8h74.102−0.040%$1K$4.2M10xas long as short
HTX NFLX-USDT0.0000%8h74.036−0.129%$10K$52K20xas long as short
Phemex NFLXUSDTshort0.0000%8h74.110−0.029%$1.4M$344K10x
Vest NFLX-USD-PERP+0.0046%1h74.030−0.137%$21K25xas long as short
tradeXYZ xyz:NFLX+0.0050%1h74.018−0.153%$5.0M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h74.020−0.150%$64K$138K10xas long as short
Extended NFLX-USD+0.0096%1h74.023−0.146%$12K$19K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h74.100−0.042%$152K$106K20xas long as short
Aevo NFLX-PERP+0.0104%1h74.106−0.033%$22710xas long as short
Injective NFLX/USDC PERP+0.0220%1h78.430+5.799%$87K$126K12xas long as short
Phoenix NFLX+0.0238%1h74.052−0.107%$12K$77K10xas long as short
Variational Omni NFLXlong+0.0249%8h74.131long leg$76K$124K
Binance NFLXUSDT+0.0256%8h74.112−0.026%$5.4M$5.6M20xas long as short
Bybit NFLXUSDT+0.0340%8h74.110−0.029%$1.3M$832K50xas long as short
BloFin NFLX-USDT+0.0381%8h74.120−0.015%$47K$82K20xas long as short
GRVT NFLX_USDT_Perp+0.0787%8h74.130−0.001%$254$123K10xas long as short