Funding you earn now, next payment 08:00 UTC−0.0270%/8h= −29.6% APRnext payment −$2.70 per $10,000 · paid last 24h −0.100%
Price spread now: KuCoin against Bybit−0.136%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$2502.503% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.136%, 7d avg −0.057%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.079% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.057%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.70 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 | Bybit NFLXUSDT | 73.630 | 0.0370 | pay 0.0370% / 8h | 3h 39m | $1.3M | $875K | 50x |
| Short | KuCoin NFLXUSDTM | 73.530 | 0.0100 | get 0.0100% / 8h | 3h 39m | $151K | $37K | 20x |
Bybit NFLXUSDT
KuCoin NFLXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- −$56.7
- Price spread: −0.136% → −0.057%
- −$7.88
- Slippage, 4 orders
- −$227.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$314.86
- Costs to cover
- 2.503%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 25 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 Bybit live order book, 1 min ago | 5.43 bp | 18.6 bp −$19 | 131.0 bp −$1,310 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 25 min ago | 19.72 bp | 81.8 bp −$82 | 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 | 73.529 | −0.137% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.590 | −0.054% | $880K | $816K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.510 | −0.163% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.600 | −0.041% | $4.3M | $560K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.554 | −0.103% | $2K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.592 | −0.052% | $10K | $53K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.570 | −0.081% | $1.4M | $324K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.500 | −0.177% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.502 | −0.174% | $16K | $29K | 10x | as long as short |
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.501 | −0.175% | $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
Phemex NFLXUSDT
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 | 73.490 | −0.190% | $65K | $139K | 10x | as long as short |
| Gate NFLX_USDT | +0.0062% | 8h | 73.630 | 0.000% | $1.4M | $1.2M | 25x | as long as short |
| KuCoin NFLXUSDTMshort | +0.0100% | 8h | 73.530 | −0.136% | $151K | $37K | 20x | |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.561 | −0.094% | $225 | — | 10x | as long as short |
| Variational Omni NFLX | +0.0169% | 8h | 73.542 | −0.119% | $94K | $129K | — | as long as short |
| Binance NFLXUSDT | +0.0175% | 8h | 73.569 | −0.083% | $5.4M | $5.4M | 20x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0205% | 8h | 73.569 | −0.083% | $529 | $143K | 10x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 77.910 | +5.813% | $87K | $95K | 12x | as long as short |
| Phoenix NFLX | +0.0250% | 1h | 73.537 | −0.126% | $12K | $77K | 10x | as long as short |
| BloFin NFLX-USDT | +0.0297% | 8h | 73.570 | −0.081% | $47K | $82K | 20x | as long as short |
| Bybit NFLXUSDTlong | +0.0370% | 8h | 73.630 | long leg | $1.3M | $875K | 50x |
Ondo Perps NFLX-USD.P
Gate NFLX_USDT
Aevo NFLX-PERP
Variational Omni NFLX
Binance NFLXUSDT
GRVT NFLX_USDT_Perp
Injective NFLX/USDC PERP
Phoenix NFLX
BloFin NFLX-USDT