Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: Gate against Phemex+0.027%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$2012.007% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.027%, 7d avg −0.025%

Together, before fees−0.112%−$11 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: Gate is 0.053% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NFLXUSDT	73.550	0	get 0.0000% / 8h	40m 48s	$1.4M	$329K	10x
Short	Gate NFLX_USDT	73.570	0	get 0.0000% / 8h	40m 48s	$1.3M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.025%: $5.26
Slippage, 4 orders: −$173.69
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$195.43
Costs to cover: 2.007%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Gate: 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 Phemex live order book, 2 min ago	1.36 bp	53.3 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.44 bp	85.5 bp −$85	300.7 bp −$3,007	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	73.443	−0.146%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.520	−0.041%	$873K	$990K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.450	−0.136%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDTshort	0.0000%	8h	73.570	+0.027%	$1.3M	$1.2M	25x
SunX NFLX-USDT	0.0000%	8h	73.531	−0.026%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.502	−0.065%	$10K	$52K	20x	as long as short
Phemex NFLXUSDTlong	0.0000%	8h	73.550	long leg	$1.4M	$329K	10x
Vest NFLX-USD-PERP	+0.0046%	1h	73.440	−0.150%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.434	−0.158%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.438	−0.152%	$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	−0.177%	$68K	$172K	10x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.450	−0.136%	$152K	$37K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.514	−0.049%	$225	—	10x	as long as short
Bitget NFLXUSDT	+0.0116%	8h	73.520	−0.041%	$4.2M	$637K	50x	as long as short
Variational Omni NFLX	+0.0179%	8h	73.516	−0.046%	$120K	$106K	—	as long as short
Binance NFLXUSDT	+0.0184%	8h	73.533	−0.023%	$5.4M	$5.4M	20x	as long as short
Phoenix NFLX	+0.0207%	1h	73.492	−0.079%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	77.830	+5.819%	$87K	$64K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0299%	8h	73.520	−0.041%	$834	$157K	10x	as long as short
BloFin NFLX-USDT	+0.0306%	8h	73.530	−0.027%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0391%	8h	73.540	−0.014%	$1.3M	$1.0M	50x	as long as short