NFLX

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.345%

7d average—if it closes, per $10,000$35funding while held, a day+$9.19

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NFLX	73.317	0.0229	pay 0.0029% / 1h	11m 53s	$12K	$66K	10x
Short	Bybit NFLXUSDT	73.570	0.0535	get 0.0535% / 8h	5h 11m	$1.3M	$962K	50x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee PhoenixbpFee BybitbpOrdersClose when spread is

Spread captured: $34.51
Funding while held: $9.19
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $25.7
Spread needed to break even: 0.180%

Slippage unknown: Phoenix: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0306%
Per $10,000 a day: +$9.19
Average in range /8h: —

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 Bybit live order book, 5 min ago	1.36 bp	23.7 bp −$24	160.5 bp −$1,605	doesn't fit	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 price on every exchange

against the cheapest. Click to use as the short leg.

Phoenix73.317cheapest

Ondo Perps73.330+0.018%QFEX73.340+0.031%Vest73.340+0.031%HTX73.362+0.061%Variational Omni73.363+0.062%BloFin73.380+0.086%SunX73.421+0.142%Extended73.424+0.146%tradeXYZ73.425+0.147%KuCoin73.430+0.154%Aevo73.447+0.177%Aster73.450+0.181%Gate73.450+0.181%Phemex73.460+0.195%OKX73.490+0.236%Bitget73.500+0.250%Binance73.520+0.277%

Bybit73.570+0.345%

Injective77.720+6.005%

NFLX on 20 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix NFLXlong	0.000%	+0.0229%	1h	$12K	$66K	10x
Ondo Perps NFLX-USD.P	+0.018%	+0.0050%	1h	$72K	$149K	10x	as long as short
QFEX NFLX-USD	+0.031%	0.0000%	1h	$1.1M	$1.2M	10x	as long as short
Vest NFLX-USD-PERP	+0.031%	+0.0046%	1h	—	$18K	25x	as long as short
HTX NFLX-USDT	+0.061%	0.0000%	8h	$11K	$49K	20x	as long as short
Variational Omni NFLX	+0.062%	+0.0170%	8h	$119K	$110K	—	as long as short
BloFin NFLX-USDT	+0.086%	+0.0280%	8h	$47K	$47K	20x	as long as short
SunX NFLX-USDT	+0.142%	0.0000%	8h	$2K	$5.0M	10x	as long as short
Extended NFLX-USD	+0.146%	+0.0048%	1h	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.147%	+0.0050%	1h	$5.2M	$2.9M	10x	as long as short

Show all 20 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin NFLXUSDTM	+0.154%	+0.0100%	8h	$152K	$10K	20x	as long as short
Aevo NFLX-PERP	+0.177%	+0.0104%	1h	$225	—	10x	as long as short
Aster NFLXUSDT	+0.181%	0.0000%	8h	$9K	$340	20x	as long as short
Gate NFLX_USDT	+0.181%	0.0000%	8h	$1.3M	$1.2M	25x	as long as short
Phemex NFLXUSDT	+0.195%	0.0000%	8h	$1.4M	$291K	10x	as long as short
OKX NFLX-USDT-SWAP	+0.236%	+0.0088%	8h	$876K	$965K	20x	as long as short
Bitget NFLXUSDT	+0.250%	0.0000%	8h	$4.2M	$522K	50x	as long as short
Binance NFLXUSDT	+0.277%	+0.0159%	8h	$5.5M	$4.8M	20x	as long as short
Bybit NFLXUSDTshort	+0.345%	+0.0535%	8h	$1.3M	$962K	50x
Injective NFLX/USDC PERP	+6.005%	−0.0220%	1h	$87K	$31K	12x	as long as short