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+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.080%
Price spread now: Phoenix against Injective−5.583%7-day average · you buy dearer than you sell
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 7 days+0.603%+$60 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Phoenix is 5.583% cheaper against Injective than usual: you would sell low and buy high (spread −5.583% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$558 on $10k: about years of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.603% in total) that is about 2 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NFLX/USDC PERP77.9200.0220pay 0.0028% / 1h39m 07s$87K$89K12x
ShortPhoenix NFLX73.5700.0239get 0.0030% / 1h39m 07s$12K$77K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. 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
$4.06
Price spread: −5.583% → 0.000%
−$558.26
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$561.22
Costs to cover
0.070%
Break-even
974.5 days
Slippage unknown: Injective: 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 Injective no order-book sample
Sell Phoenix no order-book sample
Injective 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%8h73.531−5.633%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.600−5.544%$879K$835K20xas long as short
QFEX NFLX-USD0.0000%1h73.530−5.634%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.610−5.531%$4.3M$559K50xas long as short
SunX NFLX-USDT0.0000%8h73.598−5.547%$2K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.487−5.689%$10K$53K20xas long as short
Phemex NFLXUSDT0.0000%8h73.580−5.570%$1.4M$325K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.530−5.634%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.513−5.655%$16K$29K10xas long as short
Gate NFLX_USDT+0.0049%8h73.640−5.493%$1.4M$1.2M25xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.518−5.649%$4.9M$2.9M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.550−5.608%$65K$140K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.530−5.634%$151K$37K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.586−5.562%$22510xas long as short
Variational Omni NFLX+0.0203%8h73.576−5.574%$94K$130Kas long as short
Binance NFLXUSDT+0.0210%8h73.590−5.557%$5.4M$5.4M20xas long as short
Injective NFLX/USDC PERPlong+0.0220%1h77.920long leg$87K$89K12x
Phoenix NFLXshort+0.0239%1h73.570−5.583%$12K$77K10x
GRVT NFLX_USDT_Perp+0.0306%8h73.590−5.557%$634$144K10xas long as short
BloFin NFLX-USDT+0.0350%8h73.550−5.608%$47K$81K20xas long as short
Bybit NFLXUSDT+0.0398%8h73.620−5.518%$1.3M$876K50xas long as short