Funding you earn now, next payment 08:00 UTC−0.0141%/8h= −15.5% APRnext payment −$1.41 per $10,000 · paid last 24h −0.084%
Price spread now: Phemex against Binance+0.068%52s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1291.287% of the position
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.068%, 7d avg −0.005%
=The price spread pays, funding is against you. Phemex is 0.073% dearer against Binance than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.005%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 41 hours. The two prices were read 52 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 | Binance NFLXUSDT | 73.780 | 0.0141 | pay 0.0141% / 8h | 3h 07m | $5.4M | $5.4M | 20x |
| Short | Phemex NFLXUSDT | 73.830 | 0 | get 0.0000% / 8h | 3h 07m | $1.4M | $327K | 10x |
Binance NFLXUSDT
Phemex NFLXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$29.7
- Price spread: +0.068% → −0.005%
- $7.29
- Slippage, 4 orders
- −$106.68
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$151.09
- Costs to cover
- 1.287%
- Break-even
- never at this rate
Slippage from Binance: live order book, just now; Phemex: live order book, just now.
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, just now | 0.68 bp | 11.2 bp −$11 | 31.8 bp −$318 | 130.2 bp −$13.0K | doesn't fit |
| Sell Phemex live order book, just now | 0.68 bp | 52.7 bp −$53 | 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 | 73.748 | −0.043% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.810 | +0.041% | $881K | $820K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.750 | −0.041% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.750 | −0.041% | $4.3M | $573K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.837 | +0.077% | $2K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.685 | −0.129% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDTshort | 0.0000% | 8h | 73.830 | +0.068% | $1.4M | $327K | 10x | |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.730 | −0.068% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.718 | −0.084% | $16K | $29K | 10x | as long as short |
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.710 | −0.095% | $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
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 | 73.760 | −0.027% | $65K | $140K | 10x | as long as short |
| Gate NFLX_USDT | +0.0074% | 8h | 73.820 | +0.054% | $1.4M | $1.2M | 25x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.750 | −0.041% | $152K | $38K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.787 | +0.010% | $226 | — | 10x | as long as short |
| Binance NFLXUSDTlong | +0.0141% | 8h | 73.780 | long leg | $5.4M | $5.4M | 20x | |
| Variational Omni NFLX | +0.0146% | 8h | 73.651 | −0.174% | $97K | $132K | — | as long as short |
| GRVT NFLX_USDT_Perp | +0.0174% | 8h | 73.670 | −0.149% | $441 | $141K | 10x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 78.060 | +5.801% | $87K | $99K | 12x | as long as short |
| Phoenix NFLX | +0.0250% | 1h | 73.663 | −0.159% | $12K | $77K | 10x | as long as short |
| BloFin NFLX-USDT | +0.0267% | 8h | 73.690 | −0.122% | $47K | $83K | 20x | as long as short |
| Bybit NFLXUSDT | +0.0346% | 8h | 73.810 | +0.041% | $1.3M | $884K | 50x | as long as short |
Ondo Perps NFLX-USD.P
Gate NFLX_USDT
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Variational Omni NFLX
GRVT NFLX_USDT_Perp
Injective NFLX/USDC PERP
Phoenix NFLX
BloFin NFLX-USDT
Bybit NFLXUSDT