Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0206%/8h= +22.6% APRpaid last 24h +0.074%

Price spread now: Phoenix against HTX+0.247%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.466%+$47 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.247% dearer against HTX than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NFLX-USDT	73.783	0	get 0.0000% / 8h	2h 06m	$10K	$52K	20x
Short	Phoenix NFLX	73.965	0.0206	get 0.0026% / 1h	6m 24s	$12K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee PhoenixbpOrdersPrice spread, now +0.247%Rate

Funding earned: $43.27
Price spread: +0.247% → 0.000%: $24.67
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $48.93
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: HTX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

HTX 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NFLXUSDT	0.0000%	8h	73.896	+0.152%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.930	+0.199%	$878K	$837K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.850	+0.091%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.920	+0.186%	$4.3M	$592K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.944	+0.218%	$2K	$4.6M	10x	as long as short
HTX NFLX-USDTlong	0.0000%	8h	73.783	long leg	$10K	$52K	20x
Phemex NFLXUSDT	0.0000%	8h	73.970	+0.253%	$1.4M	$339K	10x	as long as short
Gate NFLX_USDT	+0.0040%	8h	73.980	+0.267%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.860	+0.104%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.841	+0.079%	$12K	$19K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:NFLX	+0.0050%	1h	73.850	+0.091%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.840	+0.077%	$66K	$142K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.880	+0.131%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.928	+0.196%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0110%	8h	74.032	+0.338%	$95K	$126K	—	as long as short
Binance NFLXUSDT	+0.0120%	8h	73.950	+0.226%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0152%	8h	74.020	+0.321%	$642	$141K	10x	as long as short
Phoenix NFLXshort	+0.0206%	1h	73.965	+0.247%	$12K	$77K	10x
Injective NFLX/USDC PERP	+0.0220%	1h	78.310	+6.136%	$87K	$106K	12x	as long as short
BloFin NFLX-USDT	+0.0239%	8h	74.000	+0.294%	$47K	$83K	20x	as long as short
Bybit NFLXUSDT	+0.0285%	8h	73.960	+0.240%	$1.3M	$903K	50x	as long as short