Funding you earn now, next payment 06:00 UTC−0.0206%/8h= −22.5% APRnext payment −$0.26 per $10,000 · paid last 24h −0.073%
Price spread now: QFEX against Phoenix−0.104%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and QFEX is 0.104% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NFLX | 73.937 | 0.0206 | pay 0.0026% / 1h | 41m 56s | $12K | $77K | 10x |
| Short | QFEX NFLX-USD | 73.860 | 0 | get 0.0000% / 1h | 41m 56s | $1.1M | $1.4M | 10x |
Phoenix NFLX
QFEX NFLX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$43.21
- Price spread: −0.104% → 0.000%
- −$10.41
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$70.63
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; QFEX: live order book, 5 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 QFEX live order book, 5 min ago | 1.35 bp | 9.4 bp −$9 | 19.5 bp −$195 | 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 | 73.894 | −0.058% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.890 | −0.064% | $878K | $837K | 20x | as long as short |
| QFEX NFLX-USDshort | 0.0000% | 1h | 73.860 | −0.104% | $1.1M | $1.4M | 10x | |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.950 | +0.018% | $4.3M | $592K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.965 | +0.038% | $2K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.805 | −0.179% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.960 | +0.031% | $1.4M | $343K | 10x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.870 | −0.091% | — | $21K | 25x | as long as short |
| Gate NFLX_USDT | +0.0047% | 8h | 74.000 | +0.085% | $1.4M | $1.2M | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.874 | −0.085% | $12K | $19K | 10x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Vest NFLX-USD-PERP
Gate NFLX_USDT
Extended NFLX-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLX | +0.0050% | 1h | 73.879 | −0.078% | $5.0M | $3.0M | 10x | as long as short |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.850 | −0.118% | $66K | $144K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.890 | −0.064% | $152K | $38K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.953 | +0.022% | $226 | — | 10x | as long as short |
| Variational Omni NFLX | +0.0116% | 8h | 73.942 | +0.007% | $95K | $126K | — | as long as short |
| Binance NFLXUSDT | +0.0121% | 8h | 73.960 | +0.031% | $5.4M | $5.6M | 20x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0179% | 8h | 73.950 | +0.018% | $527 | $140K | 10x | as long as short |
| Phoenix NFLXlong | +0.0206% | 1h | 73.937 | long leg | $12K | $77K | 10x | |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 74.600 | +0.897% | $83K | $108K | 12x | as long as short |
| BloFin NFLX-USDT | +0.0241% | 8h | 73.980 | +0.058% | $47K | $83K | 20x | as long as short |
| Bybit NFLXUSDT | +0.0275% | 8h | 73.900 | −0.050% | $1.3M | $872K | 50x | as long as short |
tradeXYZ xyz:NFLX
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Variational Omni NFLX
Binance NFLXUSDT
GRVT NFLX_USDT_Perp
Injective NFLX/USDC PERP
BloFin NFLX-USDT
Bybit NFLXUSDT