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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRnext payment $0.19 per $10,000 · paid last 24h −0.010%
Price spread now: SunX against Bitget−0.075%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$286as in the Funding arb table
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$2852.848% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 3 days (all we have)+0.398%+$40 · spread now −0.075%, 7d avg −0.034%
Together, before fees+0.388%+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.041% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NFLXUSDT73.5000.0019pay 0.0019% / 8h3h 31m$4.2M$595K50x
ShortSunX NFLX-USDT73.4450get 0.0000% / 8h3h 31m$1K$5.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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
−$3.99
Price spread: −0.075% → −0.034%
−$4.07
Slippage, 4 orders
−$264.82
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$292.88
Costs to cover
2.848%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago0.68 bp11.7 bp −$1223.2 bp −$232doesn't fitdoesn't fit
Sell SunX live order book, 7 min ago45.21 bp127.6 bp −$128doesn'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%8h73.377−0.167%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.450−0.068%$869K$994K20xas long as short
QFEX NFLX-USD0.0000%1h73.330−0.231%$1.1M$1.4M10xas long as short
Gate NFLX_USDT0.0000%8h73.450−0.068%$1.3M$1.2M25xas long as short
SunX NFLX-USDTshort0.0000%8h73.445−0.075%$1K$5.0M10x
HTX NFLX-USDT0.0000%8h73.496−0.005%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.450−0.068%$1.4M$322K10xas long as short
Bitget NFLXUSDTlong+0.0019%8h73.500long leg$4.2M$595K50x
Vest NFLX-USD-PERP+0.0046%1h73.330−0.231%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.358−0.193%$16K$29K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.365−0.184%$5.1M$3.1M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.300−0.272%$70K$167K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.430−0.095%$152K$11K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.429−0.096%$22510xas long as short
Binance NFLXUSDT+0.0139%8h73.440−0.082%$5.4M$5.3M20xas long as short
Variational Omni NFLX+0.0144%8h73.441−0.080%$120K$111Kas long as short
Phoenix NFLX+0.0218%1h73.392−0.147%$12K$77K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.090+0.803%$83K$44K12xas long as short
BloFin NFLX-USDT+0.0259%8h73.450−0.068%$47K$82K20xas long as short
GRVT NFLX_USDT_Perp+0.0265%8h73.447−0.072%$893$157K10xas long as short
Bybit NFLXUSDT+0.0401%8h73.440−0.082%$1.3M$1.0M50xas long as short