Funding you earn now, next payment 08:00 UTC−0.0394%/8h= −43.2% APRnext payment −$3.94 per $10,000 · paid last 24h −0.130%
Price spread now: Phemex against Bybit−0.068%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1371.368% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.068%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.081% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.229% in total (about -12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.94 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 | 73.640 | 0.0394 | pay 0.0394% / 8h | 4h 36m | $1.3M | $876K | 50x |
| Short | Phemex NFLXUSDT | 73.590 | 0 | get 0.0000% / 8h | 4h 36m | $1.4M | $325K | 10x |
Bybit NFLXUSDT
Phemex NFLXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$82.81
- Price spread: −0.068% → +0.013%
- −$8.09
- Slippage, 4 orders
- −$113.83
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$227.74
- Costs to cover
- 1.368%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Phemex: live order book, 1 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, 4 min ago | 5.43 bp | 19.5 bp −$20 | 143.1 bp −$1,431 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 3.40 bp | 52.2 bp −$52 | 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 | 73.551 | −0.120% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.640 | 0.000% | $880K | $835K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.540 | −0.136% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.610 | −0.041% | $4.3M | $559K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.612 | −0.038% | $2K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.551 | −0.121% | $10K | $53K | 20x | as long as short |
| Phemex NFLXUSDTshort | 0.0000% | 8h | 73.590 | −0.068% | $1.4M | $325K | 10x | |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.540 | −0.136% | — | $21K | 25x | as long as short |
| Gate NFLX_USDT | +0.0047% | 8h | 73.640 | 0.000% | $1.4M | $1.2M | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.535 | −0.143% | $16K | $29K | 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
Gate NFLX_USDT
Extended NFLX-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.541 | −0.134% | $4.9M | $2.9M | 10x | as long as short |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.550 | −0.122% | $65K | $140K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.550 | −0.122% | $151K | $37K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.606 | −0.047% | $225 | — | 10x | as long as short |
| Variational Omni NFLX | +0.0203% | 8h | 73.576 | −0.086% | $94K | $130K | — | as long as short |
| Binance NFLXUSDT | +0.0209% | 8h | 73.600 | −0.054% | $5.4M | $5.4M | 20x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 77.920 | +5.812% | $87K | $90K | 12x | as long as short |
| Phoenix NFLX | +0.0239% | 1h | 73.570 | −0.095% | $12K | $77K | 10x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0306% | 8h | 73.590 | −0.068% | $634 | $144K | 10x | as long as short |
| BloFin NFLX-USDT | +0.0349% | 8h | 73.560 | −0.109% | $47K | $81K | 20x | as long as short |
| Bybit NFLXUSDTlong | +0.0394% | 8h | 73.640 | long leg | $1.3M | $876K | 50x |
tradeXYZ xyz:NFLX
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Variational Omni NFLX
Binance NFLXUSDT
Injective NFLX/USDC PERP
Phoenix NFLX
GRVT NFLX_USDT_Perp
BloFin NFLX-USDT