Funding arb · Price arb /

NFLX

RWAall NFLX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.048%

Price spread now: KuCoin against Phoenix−0.010%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix NFLX	73.457	0.0207	pay 0.0026% / 1h	12m 46s	$12K	$77K	10x
Short	KuCoin NFLXUSDTM	73.450	0.0100	get 0.0100% / 8h	12m 46s	$152K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phoenix. 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 PhoenixbpFee KuCoinbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$22.43
Price spread: −0.010% → 0.000%: −$0.95
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.38
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 41 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 KuCoin live order book, 41 min ago	20.40 bp	84.8 bp −$85	doesn't fit	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 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	73.442	−0.020%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.470	+0.018%	$872K	$989K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.450	−0.010%	$1.1M	$1.5M	10x	as long as short
Gate NFLX_USDT	0.0000%	8h	73.550	+0.127%	$1.3M	$1.2M	25x	as long as short
SunX NFLX-USDT	0.0000%	8h	73.508	+0.069%	$2K	$5.0M	10x	as long as short
HTX NFLX-USDT	0.0000%	8h	73.458	+0.001%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.520	+0.086%	$1.4M	$333K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.440	−0.023%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.429	−0.039%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.435	−0.030%	$5.0M	$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	73.440	−0.023%	$71K	$186K	10x	as long as short
KuCoin NFLXUSDTMshort	+0.0100%	8h	73.450	−0.010%	$152K	$37K	20x
Bitget NFLXUSDT	+0.0103%	8h	73.490	+0.045%	$4.3M	$689K	50x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.493	+0.049%	$225	—	10x	as long as short
Variational Omni NFLX	+0.0202%	8h	73.484	+0.037%	$90K	$136K	—	as long as short
Binance NFLXUSDT	+0.0204%	8h	73.511	+0.073%	$5.4M	$5.5M	20x	as long as short
Phoenix NFLXlong	+0.0207%	1h	73.457	long leg	$12K	$77K	10x
Injective NFLX/USDC PERP	+0.0220%	1h	77.820	+5.940%	$87K	$67K	12x	as long as short
GRVT NFLX_USDT_Perp	+0.0302%	8h	73.510	+0.072%	$809	$155K	10x	as long as short
BloFin NFLX-USDT	+0.0340%	8h	73.520	+0.086%	$46K	$82K	20x	as long as short
Bybit NFLXUSDT	+0.0406%	8h	73.550	+0.127%	$1.3M	$969K	50x	as long as short