Funding you earn now, next payment 08:00 UTC−0.0345%/8h= −37.8% APRnext payment −$3.45 per $10,000 · paid last 24h −0.130%
Price spread now: SunX against Bybit−0.009%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$315as in the Funding arb table
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$2922.916% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.009%, 7d avg +0.012%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.021% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.012%). 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 −$3.45 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 | 73.800 | 0.0345 | pay 0.0345% / 8h | 2h 45m | $1.3M | $885K | 50x |
| Short | SunX NFLX-USDT | 73.793 | 0 | get 0.0000% / 8h | 2h 45m | $1K | $4.6M | 10x |
Bybit NFLXUSDT
SunX NFLX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$72.4
- Price spread: −0.009% → +0.012%
- −$2.12
- Slippage, 4 orders
- −$272.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$366.15
- Costs to cover
- 2.916%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; SunX: live order book, 3 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, just now | 6.77 bp | 15.3 bp −$15 | 134.7 bp −$1,347 | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 45.27 bp | 127.6 bp −$128 | 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 | 73.705 | −0.129% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.820 | +0.027% | $881K | $821K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.680 | −0.163% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.790 | −0.014% | $4.3M | $574K | 50x | as long as short |
| SunX NFLX-USDTshort | 0.0000% | 8h | 73.793 | −0.009% | $1K | $4.6M | 10x | |
| HTX NFLX-USDT | 0.0000% | 8h | 73.704 | −0.130% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.740 | −0.081% | $1.4M | $329K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.690 | −0.149% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.697 | −0.139% | $16K | $29K | 10x | as long as short |
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.705 | −0.129% | $4.9M | $2.9M | 10x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
QFEX NFLX-USD
Bitget NFLXUSDT
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 | 73.690 | −0.149% | $66K | $141K | 10x | as long as short |
| Gate NFLX_USDT | +0.0059% | 8h | 73.820 | +0.027% | $1.4M | $1.2M | 25x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.710 | −0.122% | $152K | $38K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.765 | −0.047% | $226 | — | 10x | as long as short |
| Variational Omni NFLX | +0.0123% | 8h | 73.782 | −0.024% | $97K | $131K | — | as long as short |
| Binance NFLXUSDT | +0.0127% | 8h | 73.780 | −0.027% | $5.4M | $5.4M | 20x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0157% | 8h | 73.786 | −0.019% | $969 | $142K | 10x | as long as short |
| Phoenix NFLX | +0.0206% | 1h | 73.706 | −0.127% | $12K | $77K | 10x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 78.070 | +5.786% | $87K | $102K | 12x | as long as short |
| BloFin NFLX-USDT | +0.0247% | 8h | 73.800 | 0.000% | $47K | $83K | 20x | as long as short |
| Bybit NFLXUSDTlong | +0.0345% | 8h | 73.800 | long leg | $1.3M | $885K | 50x |
Ondo Perps NFLX-USD.P
Gate NFLX_USDT
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Variational Omni NFLX
Binance NFLXUSDT
GRVT NFLX_USDT_Perp
Phoenix NFLX
Injective NFLX/USDC PERP
BloFin NFLX-USDT