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+0.0177%/8h= +19.4% APRnext payment +$1.77 per $10,000 · paid last 24h +0.100%
Price spread now: Bybit against KuCoin+0.041%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$275as in the Funding arb table
Net, price: spread back to 7d avg − costs−$279as in the Price arb table
costs, in and out, $10k−$2772.773% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.041%, 7d avg +0.058%
Together, before fees+0.062%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NFLXUSDTM73.8700.0100pay 0.0100% / 8h1h 38m$152K$38K20x
ShortBybit NFLXUSDT73.9000.0277get 0.0277% / 8h1h 38m$1.3M$872K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$37.17
Price spread: +0.041% → +0.058%
−$1.73
Slippage, 4 orders
−$254.33
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$241.89
Costs to cover
2.773%
Break-even
52.6 days
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago25.03 bp101.3 bp −$101doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago4.73 bp23.7 bp −$24182.9 bp −$1,829doesn'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%8h73.859−0.015%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.890+0.027%$878K$835K20xas long as short
QFEX NFLX-USD0.0000%1h73.830−0.054%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.950+0.108%$4.3M$592K50xas long as short
SunX NFLX-USDT0.0000%8h73.954+0.114%$2K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.906+0.049%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.950+0.108%$1.4M$343K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.840−0.041%$21K25xas long as short
Gate NFLX_USDT+0.0046%8h73.990+0.162%$1.4M$1.2M25xas long as short
Extended NFLX-USD+0.0048%1h73.8700.000%$12K$19K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:NFLX+0.0050%1h73.851−0.026%$5.0M$3.0M10xas long as short
Ondo Perps NFLX-USD.P+0.0050%1h73.830−0.054%$66K$141K10xas long as short
KuCoin NFLXUSDTMlong+0.0100%8h73.870long leg$152K$38K20x
Aevo NFLX-PERP+0.0104%1h73.949+0.107%$22610xas long as short
Variational Omni NFLX+0.0114%8h73.952+0.111%$95K$126Kas long as short
Binance NFLXUSDT+0.0120%8h73.922+0.070%$5.4M$5.6M20xas long as short
GRVT NFLX_USDT_Perp+0.0181%8h73.947+0.104%$501$139K10xas long as short
Phoenix NFLX+0.0206%1h73.955+0.115%$12K$77K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h74.620+1.015%$83K$109K12xas long as short
BloFin NFLX-USDT+0.0241%8h73.950+0.108%$47K$83K20xas long as short
Bybit NFLXUSDTshort+0.0277%8h73.900+0.041%$1.3M$872K50x