Settings8H · net · $10k
Funding arb · Price arb /

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against SunX−0.041%54s7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$440as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$4614.613% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.210%+$21 on $10k
Price spread, last 4 days (all we have)−0.141%−$14 · spread now −0.041%, 7d avg −0.068%
Together, before fees+0.069%+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.027% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.068%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NFLX-USDT73.5600get 0.0000% / 8h3h 41m$1K$4.6M10x
ShortKuCoin NFLXUSDTM73.5300.0100get 0.0100% / 8h3h 41m$151K$37K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: −0.041% → −0.068%
$2.7
Slippage, 4 orders
−$441.27
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$437.56
Costs to cover
4.613%
Break-even
152.9 days
Slippage from SunX: live order book, 7 min ago; KuCoin: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 7 min ago45.26 bp123.6 bp −$124doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 23 min ago19.72 bp81.8 bp −$82doesn't fitdoesn't fitdoesn't fit

NFLX on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NFLXUSDT0.0000%8h73.532−0.038%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.580+0.027%$879K$816K20xas long as short
QFEX NFLX-USD0.0000%1h73.500−0.082%$1.1M$1.4M10xas long as short
Bitget NFLXUSDT0.0000%8h73.610+0.068%$4.3M$560K50xas long as short
SunX NFLX-USDTlong0.0000%8h73.560long leg$1K$4.6M10x
HTX NFLX-USDT0.0000%8h73.598+0.052%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.5600.000%$1.4M$324K10xas long as short
Vest NFLX-USD-PERP+0.0046%1h73.500−0.082%$21K25xas long as short
Extended NFLX-USD+0.0048%1h73.495−0.088%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.504−0.076%$4.9M$2.9M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.490−0.095%$65K$139K10xas long as short
Gate NFLX_USDT+0.0057%8h73.620+0.082%$1.4M$1.2M25xas long as short
KuCoin NFLXUSDTMshort+0.0100%8h73.530−0.041%$151K$37K20x
Aevo NFLX-PERP+0.0104%1h73.558−0.003%$22510xas long as short
Variational Omni NFLX+0.0175%8h73.552−0.011%$94K$129Kas long as short
Binance NFLXUSDT+0.0177%8h73.5600.000%$5.4M$5.4M20xas long as short
GRVT NFLX_USDT_Perp+0.0216%8h73.572+0.016%$529$143K10xas long as short
Injective NFLX/USDC PERP+0.0220%1h77.910+5.914%$87K$95K12xas long as short
Phoenix NFLX+0.0250%1h73.537−0.031%$12K$77K10xas long as short
BloFin NFLX-USDT+0.0299%8h73.580+0.027%$47K$81K20xas long as short
Bybit NFLXUSDT+0.0368%8h73.570+0.014%$1.3M$875K50xas long as short