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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment $0.31 per $10,000 · paid last 24h +0.061%
Price spread now: OKX against Gate−0.095%7-day average +0.009% · 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−$182as in the Price arb table
costs, in and out, $10k−$1721.718% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.116%+$12 on $10k
Price spread, last 7 days+0.114%+$11 · spread now −0.095%, 7d avg +0.009%
Together, before fees+0.229%+$23 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 OKX is 0.104% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.009%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.116%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NFLX_USDT73.8700.0031pay 0.0031% / 8h57m 57s$1.4M$1.2M25x
ShortOKX NFLX-USDT-SWAP73.8000get 0.0000% / 8h57m 57s$876K$829K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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
−$6.51
Price spread: −0.095% → +0.009%
−$10.38
Slippage, 4 orders
−$146.81
Fee Gate: 7.5 bp × 2 orders
−$15
Fee OKX: 5 bp × 2 orders
−$10
Net
−$188.71
Costs to cover
1.718%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; OKX: live order book, 43 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 Gate live order book, 4 min ago6.77 bp47.2 bp −$47doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 43 min ago2.03 bp22.9 bp −$23doesn'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%8h73.946+0.103%$11K$5K20xas long as short
OKX NFLX-USDT-SWAPshort0.0000%8h73.800−0.095%$876K$829K20x
QFEX NFLX-USD0.0000%1h73.760−0.149%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.900+0.041%$4.2M$594K50xas long as short
SunX NFLX-USDT0.0000%8h73.816−0.073%$1K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.828−0.057%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.840−0.041%$1.4M$347K10xas long as short
Gate NFLX_USDTlong+0.0031%8h73.870long leg$1.4M$1.2M25x
Vest NFLX-USD-PERP+0.0046%1h73.770−0.135%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.758−0.152%$12K$19K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.766−0.141%$5.0M$3.0M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.780−0.122%$66K$141K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.790−0.108%$152K$38K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.815−0.075%$22610xas long as short
Variational Omni NFLX+0.0126%8h73.857−0.017%$83K$140Kas long as short
Binance NFLXUSDT+0.0133%8h73.830−0.054%$5.4M$5.7M20xas long as short
Phoenix NFLX+0.0206%1h73.811−0.080%$12K$76K10xas long as short
GRVT NFLX_USDT_Perp+0.0209%8h73.864−0.008%$397$138K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h78.210+5.875%$87K$113K12xas long as short
BloFin NFLX-USDT+0.0254%8h73.890+0.027%$47K$83K20xas long as short
Bybit NFLXUSDT+0.0278%8h73.850−0.027%$1.3M$890K50xas long as short