Funding you earn now, next payment 03:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.009%
Price spread now: Binance against Phoenix+0.041%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Binance is 0.041% dearer against Phoenix than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.233% in total) that is about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NFLX | 73.570 | 0.0239 | pay 0.0030% / 1h | 39m 27s | $12K | $77K | 10x |
| Short | Binance NFLXUSDT | 73.600 | 0.0210 | get 0.0210% / 8h | 4h 39m | $5.4M | $5.4M | 20x |
Phoenix NFLX
Binance NFLXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.06
- Price spread: +0.041% → 0.000%
- $4.08
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.98
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 13 min ago | 0.68 bp | 11.5 bp −$11 | 25.7 bp −$257 | 175.0 bp −$17.5K | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NFLXUSDT | 0.0000% | 8h | 73.549 | −0.028% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.600 | +0.041% | $879K | $834K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.530 | −0.054% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.610 | +0.054% | $4.3M | $559K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.597 | +0.037% | $1K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.487 | −0.113% | $10K | $53K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.600 | +0.041% | $1.4M | $325K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.530 | −0.054% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.523 | −0.063% | $16K | $29K | 10x | as long as short |
| Gate NFLX_USDT | +0.0049% | 8h | 73.640 | +0.095% | $1.4M | $1.2M | 25x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
QFEX NFLX-USD
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Vest NFLX-USD-PERP
Extended NFLX-USD
Gate NFLX_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.519 | −0.069% | $4.9M | $2.9M | 10x | as long as short |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.550 | −0.027% | $65K | $140K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.540 | −0.041% | $151K | $37K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.592 | +0.029% | $225 | — | 10x | as long as short |
| Variational Omni NFLX | +0.0203% | 8h | 73.576 | +0.009% | $94K | $130K | — | as long as short |
| Binance NFLXUSDTshort | +0.0210% | 8h | 73.600 | +0.041% | $5.4M | $5.4M | 20x | |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 77.920 | +5.913% | $87K | $89K | 12x | as long as short |
| Phoenix NFLXlong | +0.0239% | 1h | 73.570 | long leg | $12K | $77K | 10x | |
| GRVT NFLX_USDT_Perp | +0.0306% | 8h | 73.590 | +0.027% | $634 | $144K | 10x | as long as short |
| BloFin NFLX-USDT | +0.0351% | 8h | 73.550 | −0.027% | $47K | $81K | 20x | as long as short |
| Bybit NFLXUSDT | +0.0398% | 8h | 73.610 | +0.054% | $1.3M | $876K | 50x | as long as short |
tradeXYZ xyz:NFLX
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Variational Omni NFLX
Injective NFLX/USDC PERP
GRVT NFLX_USDT_Perp
BloFin NFLX-USDT
Bybit NFLXUSDT