NFLX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0339%/8h= +37.1% APRnext payment +$3.39 per $10,000 · paid last 24h +0.130%

Price spread now: Bybit against SunX+0.023%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$2972.973% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.023%, 7d avg −0.012%

Together, before fees+0.105%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.035% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.012%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.229% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NFLX-USDT	73.783	0	get 0.0000% / 8h	2h 48m	$1K	$4.6M	10x
Short	Bybit NFLXUSDT	73.800	0.0339	get 0.0339% / 8h	2h 48m	$1.3M	$885K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.023%Rate

Funding earned: $71.12
Price spread: +0.023% → −0.012%: $3.48
Slippage, 4 orders: −$278.27
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$222.67
Costs to cover: 2.973%
Break-even: 28.9 days

Slippage from SunX: live order book, 10 min ago; Bybit: live order book, 2 min ago.

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 SunX live order book, 10 min ago	45.26 bp	123.7 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.78 bp	26.4 bp −$26	179.1 bp −$1,791	doesn't fit	doesn't fit

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	73.707	−0.103%	$11K	$5K	20x	as long as short
OKX NFLX-USDT-SWAP	0.0000%	8h	73.790	+0.009%	$881K	$821K	20x	as long as short
QFEX NFLX-USD	0.0000%	1h	73.700	−0.112%	$1.1M	$1.4M	10x	as long as short
Bitget NFLXUSDT	0.0000%	8h	73.770	−0.018%	$4.3M	$574K	50x	as long as short
SunX NFLX-USDTlong	0.0000%	8h	73.783	long leg	$1K	$4.6M	10x
HTX NFLX-USDT	0.0000%	8h	73.798	+0.020%	$10K	$52K	20x	as long as short
Phemex NFLXUSDT	0.0000%	8h	73.730	−0.072%	$1.4M	$329K	10x	as long as short
Vest NFLX-USD-PERP	+0.0046%	1h	73.690	−0.126%	—	$21K	25x	as long as short
Extended NFLX-USD	+0.0048%	1h	73.675	−0.146%	$16K	$29K	10x	as long as short
tradeXYZ xyz:NFLX	+0.0050%	1h	73.683	−0.136%	$4.9M	$2.9M	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	73.630	−0.207%	$66K	$141K	10x	as long as short
Gate NFLX_USDT	+0.0060%	8h	73.800	+0.023%	$1.4M	$1.2M	25x	as long as short
KuCoin NFLXUSDTM	+0.0100%	8h	73.710	−0.099%	$152K	$38K	20x	as long as short
Aevo NFLX-PERP	+0.0104%	1h	73.756	−0.037%	$226	—	10x	as long as short
Variational Omni NFLX	+0.0120%	8h	73.777	−0.008%	$97K	$131K	—	as long as short
Binance NFLXUSDT	+0.0125%	8h	73.775	−0.011%	$5.4M	$5.4M	20x	as long as short
GRVT NFLX_USDT_Perp	+0.0148%	8h	73.791	+0.011%	$974	$142K	10x	as long as short
Phoenix NFLX	+0.0206%	1h	73.706	−0.104%	$12K	$77K	10x	as long as short
Injective NFLX/USDC PERP	+0.0220%	1h	74.420	+0.863%	$83K	$101K	12x	as long as short
BloFin NFLX-USDT	+0.0244%	8h	73.750	−0.045%	$47K	$83K	20x	as long as short
Bybit NFLXUSDTshort	+0.0339%	8h	73.800	+0.023%	$1.3M	$885K	50x