Funding you earn now, next payment 08:00 UTC−0.0209%/8h= −22.9% APRnext payment −$2.09 per $10,000 · paid last 24h −0.022%
Price spread now: OKX against Binance+0.050%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days−0.046%−$5 · spread now +0.050%, 7d avg −0.006%
=The price spread pays, funding is against you. OKX is 0.056% dearer against Binance than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.006%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.109% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NFLXUSDT | 73.603 | 0.0209 | pay 0.0209% / 8h | 4h 37m | $5.4M | $5.4M | 20x |
| Short | OKX NFLX-USDT-SWAP | 73.640 | 0 | get 0.0000% / 8h | 4h 37m | $879K | $835K | 20x |
Binance NFLXUSDT
OKX NFLX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$43.98
- Price spread: +0.050% → −0.006%
- $5.6
- Slippage, 4 orders
- −$37.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$95.41
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; OKX: live order book, 19 min ago.
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 Binance live order book, 15 min ago | 0.68 bp | 10.3 bp −$10 | 28.2 bp −$282 | 132.1 bp −$13.2K | doesn't fit |
| Sell OKX live order book, 19 min ago | 2.04 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | 73.553 | −0.067% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAPshort | 0.0000% | 8h | 73.640 | +0.050% | $879K | $835K | 20x | |
| QFEX NFLX-USD | 0.0000% | 1h | 73.540 | −0.086% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.610 | +0.009% | $4.3M | $559K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.598 | −0.007% | $2K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.487 | −0.158% | $10K | $53K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.580 | −0.031% | $1.4M | $325K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.540 | −0.086% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.535 | −0.093% | $16K | $29K | 10x | as long as short |
| Gate NFLX_USDT | +0.0048% | 8h | 73.640 | +0.050% | $1.4M | $1.2M | 25x | as long as short |
Aster NFLXUSDT
QFEX NFLX-USD
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Vest NFLX-USD-PERP
Extended NFLX-USD
Gate NFLX_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.540 | −0.086% | $4.9M | $2.9M | 10x | as long as short |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.550 | −0.072% | $65K | $140K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.550 | −0.072% | $151K | $37K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.604 | +0.001% | $225 | — | 10x | as long as short |
| Variational Omni NFLX | +0.0203% | 8h | 73.576 | −0.036% | $94K | $130K | — | as long as short |
| Binance NFLXUSDTlong | +0.0209% | 8h | 73.603 | long leg | $5.4M | $5.4M | 20x | |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 77.920 | +5.865% | $87K | $89K | 12x | as long as short |
| Phoenix NFLX | +0.0239% | 1h | 73.570 | −0.045% | $12K | $77K | 10x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0306% | 8h | 73.590 | −0.018% | $634 | $144K | 10x | as long as short |
| BloFin NFLX-USDT | +0.0350% | 8h | 73.550 | −0.072% | $47K | $81K | 20x | as long as short |
| Bybit NFLXUSDT | +0.0394% | 8h | 73.630 | +0.037% | $1.3M | $877K | 50x | as long as short |
tradeXYZ xyz:NFLX
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Variational Omni NFLX
Injective NFLX/USDC PERP
Phoenix NFLX
GRVT NFLX_USDT_Perp
BloFin NFLX-USDT
Bybit NFLXUSDT