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+0.0121%/8h= +13.3% APRnext payment +$1.21 per $10,000 · paid last 24h +0.054%
Price spread now: Binance against KuCoin+0.091%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1351.348% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 2 days (all we have)−0.062%−$6 · spread now +0.091%, 7d avg +0.068%
Together, before fees−0.042%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.022% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NFLXUSDTM73.4300.0100pay 0.0100% / 8h7h 23m$151K$37K20x
ShortBinance NFLXUSDT73.4970.0221get 0.0221% / 8h7h 23m$5.4M$5.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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
$25.51
Price spread: +0.091% → +0.068%
$2.21
Slippage, 4 orders
−$112.83
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$107.11
Costs to cover
1.348%
Break-even
36.4 days
Slippage from KuCoin: live order book, 21 min ago; Binance: live order book, 15 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 KuCoin live order book, 21 min ago21.11 bp71.8 bp −$72doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 15 min ago0.68 bp9.9 bp −$1030.7 bp −$307174.3 bp −$17.4Kdoesn'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%8h73.443+0.017%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.510+0.109%$883K$948K20xas long as short
QFEX NFLX-USD0.0000%1h73.390−0.054%$1.1M$1.5M10xas long as short
SunX NFLX-USDT0.0000%8h73.494+0.087%$2K$4.9M10xas long as short
HTX NFLX-USDT0.0000%8h73.503+0.099%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.500+0.095%$1.4M$329K10xas long as short
Bitget NFLXUSDT+0.0017%8h73.530+0.136%$4.3M$571K50xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.390−0.054%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.400−0.041%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.415−0.020%$5.0M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.4300.000%$64K$176K10xas long as short
KuCoin NFLXUSDTMlong+0.0100%8h73.430long leg$151K$37K20x
Aevo NFLX-PERP+0.0104%1h73.483+0.072%$22510xas long as short
Gate NFLX_USDT+0.0193%8h73.500+0.095%$1.4M$1.2M25xas long as short
GRVT NFLX_USDT_Perp+0.0197%8h73.520+0.122%$872$152K10xas long as short
Variational Omni NFLX+0.0216%8h73.513+0.113%$94K$139Kas long as short
Injective NFLX/USDC PERP+0.0220%1h77.780+5.924%$87K$72K12xas long as short
Binance NFLXUSDTshort+0.0221%8h73.497+0.091%$5.4M$5.4M20x
Phoenix NFLX+0.0229%1h73.4300.000%$12K$77K10xas long as short
BloFin NFLX-USDT+0.0368%8h73.530+0.136%$47K$82K20xas long as short
Bybit NFLXUSDT+0.0540%8h73.540+0.150%$1.3M$906K50xas long as short