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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.048%
Price spread now: Phoenix against Aevo−0.095%7-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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Phoenix is 0.095% cheaper against Aevo than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 4.5 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo NFLX-PERP73.6740.0104pay 0.0013% / 1h16m 20s$22510x
ShortPhoenix NFLX73.6040.0174get 0.0022% / 1h16m 20s$12K$77K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Aevo. 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
$14.77
Price spread: −0.095% → 0.000%
−$9.48
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$17.7
Costs to cover
0.230%
Break-even
15.4 days
Slippage unknown: Aevo: no order-book sample; Phoenix: 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 Aevo no order-book sample
Sell Phoenix no order-book sample
Aevo and 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 20 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
QFEX NFLX-USD0.0000%1h73.560−0.154%$1.1M$1.4M10xas long as short
Aster NFLXUSDT0.0000%8h73.587−0.118%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.680+0.008%$881K$868K20xas long as short
Gate NFLX_USDT0.0000%8h73.710+0.049%$1.4M$1.2M25xas long as short
Bitget NFLXUSDT0.0000%8h73.600−0.100%$4.3M$544K50xas long as short
SunX NFLX-USDT0.0000%8h73.679+0.007%$1K$4.7M10xas long as short
HTX NFLX-USDT0.0000%8h73.689+0.021%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.700+0.036%$1.4M$323K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.560−0.154%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.573−0.137%$16K$29K10xas long as short
Show all 20 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.578−0.130%$5.0M$2.9M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.570−0.141%$64K$142K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.590−0.114%$151K$37K20xas long as short
Aevo NFLX-PERPlong+0.0104%1h73.674long leg$22510x
Phoenix NFLXshort+0.0174%1h73.604−0.095%$12K$77K10x
Variational Omni NFLX+0.0206%8h73.696+0.031%$94K$130Kas long as short
GRVT NFLX_USDT_Perp+0.0207%8h73.671−0.004%$656$146K10xas long as short
Binance NFLXUSDT+0.0218%8h73.663−0.015%$5.5M$5.4M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.310+0.864%$83K$79K12xas long as short
Bybit NFLXUSDT+0.0239%8h73.670−0.005%$1.3M$896K50xas long as short