Funding you earn now, next payment 07:00 UTC−0.0199%/8h= −21.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.051%
Price spread now: tradeXYZ against Phoenix−0.070%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.318%−$32 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and tradeXYZ is 0.070% cheaper against Phoenix than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix NFLX | 73.921 | 0.0249 | pay 0.0031% / 1h | 59m 10s | $12K | $76K | 10x |
| Short | tradeXYZ xyz:NFLX | 73.869 | 0.0050 | get 0.0006% / 1h | 59m 10s | $5.0M | $2.9M | 10x |
Phoenix NFLX
tradeXYZ xyz:NFLXFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$41.84
- Price spread: −0.070% → 0.000%
- −$7.03
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$73.87
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago | 0.74 bp | 14.0 bp −$14 | 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 | 73.896 | −0.034% | $11K | $5K | 20x | as long as short |
| Bybit NFLXUSDT | 0.0000% | 8h | 73.950 | +0.039% | $1.3M | $883K | 50x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.920 | −0.001% | $878K | $832K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.880 | −0.055% | $1.1M | $1.4M | 10x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.970 | +0.066% | $4.3M | $596K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.948 | +0.037% | $1K | $4.6M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.949 | +0.038% | $10K | $52K | 20x | as long as short |
| Phemex NFLXUSDT | 0.0000% | 8h | 73.970 | +0.066% | $1.4M | $348K | 10x | as long as short |
| Gate NFLX_USDT | +0.0017% | 8h | 73.970 | +0.066% | $1.4M | $1.1M | 25x | as long as short |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.890 | −0.042% | — | $21K | 25x | as long as short |
Aster NFLXUSDT
Bybit NFLXUSDT
OKX NFLX-USDT-SWAP
QFEX NFLX-USD
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Phemex NFLXUSDT
Gate NFLX_USDT
Vest NFLX-USD-PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NFLX-USD | +0.0048% | 1h | 73.862 | −0.080% | $12K | $19K | 10x | as long as short |
| tradeXYZ xyz:NFLXshort | +0.0050% | 1h | 73.869 | −0.070% | $5.0M | $2.9M | 10x | |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.880 | −0.055% | $64K | $143K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.880 | −0.055% | $152K | $52K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.960 | +0.053% | $226 | — | 10x | as long as short |
| Variational Omni NFLX | +0.0129% | 8h | 73.945 | +0.032% | $83K | $119K | — | as long as short |
| Binance NFLXUSDT | +0.0140% | 8h | 73.958 | +0.051% | $5.4M | $5.7M | 20x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0210% | 8h | 73.952 | +0.042% | $257 | $136K | 10x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 78.290 | +5.910% | $87K | $119K | 12x | as long as short |
| Phoenix NFLXlong | +0.0249% | 1h | 73.921 | long leg | $12K | $76K | 10x | |
| BloFin NFLX-USDT | +0.0260% | 8h | 73.940 | +0.026% | $47K | $78K | 20x | as long as short |
Extended NFLX-USD
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