Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.061%

Price spread now: Phemex against OKX−0.027%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1451.451% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.027%, 7d avg +0.014%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.041% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NFLX-USDT-SWAP	73.930	0	get 0.0000% / 8h	35m 02s	$877K	$831K	20x
Short	Phemex NFLXUSDT	73.910	0	get 0.0000% / 8h	35m 02s	$1.4M	$345K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.014%: −$4.14
Slippage, 4 orders: −$123.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$149.21
Costs to cover: 1.451%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Phemex: live order book, 3 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, 1 min ago	3.38 bp	23.8 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.35 bp	51.4 bp −$51	doesn't fit	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	73.963	+0.044%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAPlong	0.0000%	8h	73.930	long leg	$877K	$831K	20x
QFEX NFLX-USD	0.0000%	1h	73.820	−0.149%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.900	−0.041%	$4.2M	$596K	50x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.921	−0.012%	$1K	$4.6M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.951	+0.028%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTshort	0.0000%	8h	73.910	−0.027%	$1.4M	$345K	10x
Gate NFLX_USDT	+0.0029%	8h	73.930	0.000%	$1.4M	$1.2M	25x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.830	−0.135%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.837	−0.126%	$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	73.843	−0.118%	$5.0M	$2.9M	10x	as long as short
Ondo Perps NFLX-USD.P	+0.0050%	1h	73.740	−0.257%	$66K	$141K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.850	−0.108%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.906	−0.032%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0119%	8h	73.911	−0.026%	$83K	$120K	—	as long as short
Binance NFLXUSDT	+0.0126%	8h	73.920	−0.014%	$5.4M	$5.6M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0210%	8h	73.864	−0.089%	$341	$136K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	78.240	+5.830%	$87K	$116K	12x	as long as short
BloFin NFLX-USDT	+0.0246%	8h	73.940	+0.014%	$47K	$77K	20x	as long as short
Phoenix NFLX	+0.0249%	1h	73.837	−0.126%	$12K	$77K	10x	as long as short
Bybit NFLXUSDT	+0.0253%	8h	73.900	−0.041%	$1.3M	$889K	50x	as long as short