NFLX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0392%/8h= +42.9% APRnext payment +$3.92 per $10,000 · paid last 24h +0.038%

Price spread now: Bybit against OKX+0.014%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.014%, 7d avg +0.006%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NFLX-USDT-SWAP	73.530	0	get 0.0000% / 8h	40m 00s	$873K	$991K	20x
Short	Bybit NFLXUSDT	73.540	0.0392	get 0.0392% / 8h	40m 00s	$1.3M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.014%Rate

Funding earned: $82.31
Price spread: +0.014% → +0.006%: $0.79
Slippage, 4 orders: −$62.2
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$0.1
Costs to cover: 0.832%
Break-even: 7.0 days

Slippage from OKX: live order book, 36 min ago; Bybit: live order book, 1 min ago.

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 OKX live order book, 36 min ago	3.40 bp	20.5 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.12 bp	27.3 bp −$27	183.3 bp −$1,833	doesn't fit	doesn't fit

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	73.450	−0.109%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPlong	0.0000%	8h	73.530	long leg	$873K	$991K	20x
QFEX NFLX-USD	0.0000%	1h	73.440	−0.122%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.560	+0.041%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.531	+0.001%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.567	+0.050%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.520	−0.014%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.430	−0.136%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.431	−0.135%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.435	−0.129%	$5.1M	$3.0M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.420	−0.150%	$68K	$172K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.450	−0.109%	$152K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.522	−0.010%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0115%	8h	73.520	−0.014%	$4.2M	$637K	50x	as long as short
Variational Omni NFLX	+0.0180%	8h	73.526	−0.006%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0185%	8h	73.520	−0.014%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.492	−0.052%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.830	+5.848%	$87K	$64K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0299%	8h	73.520	−0.014%	$834	$157K	10x	as long as short
BloFin NFLX-USDT	+0.0306%	8h	73.530	0.000%	$46K	$82K	20x	as long as short
Bybit NFLXUSDTshort	+0.0392%	8h	73.540	+0.014%	$1.3M	$1.0M	50x