Settings8H · net · $10k
Funding arb · Price arb /

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0200%/8h= +21.9% APRnext payment +$0.25 per $10,000 · paid last 24h +0.059%
Price spread now: Phoenix against Ondo Perps+0.142%48s7-day average · you sell dearer than you buy
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+0.429%+$43 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.142% dearer against Ondo Perps than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps NFLX-USD.P73.4800.0050pay 0.0006% / 1h44m 24s$65K$139K10x
ShortPhoenix NFLX73.5840.0250get 0.0031% / 1h44m 24s$12K$77K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Ondo Perps. 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
$41.95
Price spread: +0.142% → 0.000%
$14.15
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$44.1
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample
Sell Phoenix no order-book sample
Ondo Perps 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%8h73.530+0.068%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.560+0.109%$879K$816K20xas long as short
QFEX NFLX-USD0.0000%1h73.510+0.041%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.610+0.177%$4.3M$559K50xas long as short
SunX NFLX-USDT0.0000%8h73.570+0.122%$2K$4.6M10xas long as short
HTX NFLX-USDT0.0000%8h73.534+0.073%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.570+0.122%$1.4M$324K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.510+0.041%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.502+0.030%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.513+0.045%$4.9M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.Plong+0.0050%1h73.480long leg$65K$139K10x
Gate NFLX_USDT+0.0059%8h73.620+0.191%$1.4M$1.2M25xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.530+0.068%$151K$37K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.567+0.118%$22510xas long as short
Variational Omni NFLX+0.0175%8h73.552+0.098%$94K$129Kas long as short
Binance NFLXUSDT+0.0181%8h73.570+0.122%$5.4M$5.4M20xas long as short
Injective NFLX/USDC PERP+0.0220%1h77.890+6.002%$87K$95K12xas long as short
GRVT NFLX_USDT_Perp+0.0225%8h73.576+0.130%$529$143K10xas long as short
Phoenix NFLXshort+0.0250%1h73.584+0.142%$12K$77K10x
BloFin NFLX-USDT+0.0302%8h73.560+0.109%$47K$81K20xas long as short
Bybit NFLXUSDT+0.0375%8h73.630+0.204%$1.3M$875K50xas long as short