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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0191%/8h= +21.0% APRnext payment +$0.24 per $10,000 · paid last 24h +0.052%
Price spread now: Phoenix against Extended+0.105%48s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.105% dearer against Extended than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended NFLX-USD73.4940.0048pay 0.0006% / 1h14m 27s$16K$29K10x
ShortPhoenix NFLX73.5710.0239get 0.0030% / 1h14m 27s$12K$77K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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
$40.18
Price spread: +0.105% → 0.000%
$10.51
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$38.69
Costs to cover
0.120%
Break-even
0.3 days
Slippage unknown: Extended: no order-book sample; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Phoenix no order-book sample
Extended and Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%8h73.547+0.072%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.550+0.077%$879K$823K20xas long as short
QFEX NFLX-USD0.0000%1h73.510+0.022%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.610+0.158%$4.3M$559K50xas long as short
SunX NFLX-USDT0.0000%8h73.555+0.083%$1K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.539+0.062%$10K$53K20xas long as short
Phemex NFLXUSDT0.0000%8h73.550+0.077%$1.4M$324K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.500+0.009%$21K25xas long as short
Extended NFLX-USDlong+0.0048%1h73.494long leg$16K$29K10x
tradeXYZ xyz:NFLX+0.0050%1h73.509+0.021%$4.9M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.460−0.046%$65K$139K10xas long as short
Gate NFLX_USDT+0.0062%8h73.630+0.185%$1.4M$1.2M25xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.530+0.049%$151K$37K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.560+0.090%$22510xas long as short
Variational Omni NFLX+0.0186%8h73.552+0.079%$94K$130Kas long as short
Binance NFLXUSDT+0.0194%8h73.550+0.077%$5.4M$5.4M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h77.870+5.955%$87K$92K12xas long as short
Phoenix NFLXshort+0.0239%1h73.571+0.105%$12K$77K10x
GRVT NFLX_USDT_Perp+0.0260%8h73.577+0.113%$614$143K10xas long as short
BloFin NFLX-USDT+0.0323%8h73.550+0.077%$47K$81K20xas long as short
Bybit NFLXUSDT+0.0378%8h73.610+0.158%$1.3M$875K50xas long as short