Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.024%
Price spread now: Phemex against tradeXYZ+0.116%48s7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1211.211% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 4 days (all we have)+0.315%+$31 · spread now +0.116%, 7d avg +0.152%
=Together, before fees+0.166%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.036% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.152%). Swap the legs. The two prices were read 48 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 | tradeXYZ xyz:NFLX | 73.545 | 0.0050 | pay 0.0006% / 1h | 21m 26s | $4.9M | $2.9M | 10x |
| Short | Phemex NFLXUSDT | 73.630 | 0 | get 0.0000% / 8h | 5h 21m | $1.4M | $328K | 10x |
tradeXYZ xyz:NFLX
Phemex NFLXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against tradeXYZ. 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
- −$10.5
- Price spread: +0.116% → +0.152%
- −$3.6
- Slippage, 4 orders
- −$91.11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$135.2
- Costs to cover
- 1.211%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 6 min ago; Phemex: live order book, 1 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 tradeXYZ live order book, 6 min ago | 1.29 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 1.36 bp | 53.9 bp −$54 | doesn't fit | 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 | 73.577 | +0.043% | $11K | $5K | 20x | as long as short |
| OKX NFLX-USDT-SWAP | 0.0000% | 8h | 73.620 | +0.102% | $880K | $860K | 20x | as long as short |
| QFEX NFLX-USD | 0.0000% | 1h | 73.550 | +0.007% | $1.1M | $1.4M | 10x | as long as short |
| Gate NFLX_USDT | 0.0000% | 8h | 73.700 | +0.211% | $1.4M | $1.2M | 25x | as long as short |
| Bitget NFLXUSDT | 0.0000% | 8h | 73.650 | +0.143% | $4.3M | $544K | 50x | as long as short |
| SunX NFLX-USDT | 0.0000% | 8h | 73.621 | +0.103% | $1K | $4.7M | 10x | as long as short |
| HTX NFLX-USDT | 0.0000% | 8h | 73.624 | +0.107% | $10K | $53K | 20x | as long as short |
| Phemex NFLXUSDTshort | 0.0000% | 8h | 73.630 | +0.116% | $1.4M | $328K | 10x | |
| Vest NFLX-USD-PERP | +0.0046% | 1h | 73.540 | −0.007% | — | $21K | 25x | as long as short |
| Extended NFLX-USD | +0.0048% | 1h | 73.539 | −0.008% | $16K | $29K | 10x | as long as short |
Aster NFLXUSDT
OKX NFLX-USDT-SWAP
QFEX NFLX-USD
Gate NFLX_USDT
Bitget NFLXUSDT
SunX NFLX-USDT
HTX NFLX-USDT
Vest NFLX-USD-PERP
Extended NFLX-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:NFLXlong | +0.0050% | 1h | 73.545 | long leg | $4.9M | $2.9M | 10x | |
| Ondo Perps NFLX-USD.P | +0.0050% | 1h | 73.560 | +0.020% | $65K | $144K | 10x | as long as short |
| KuCoin NFLXUSDTM | +0.0100% | 8h | 73.570 | +0.034% | $151K | $37K | 20x | as long as short |
| Aevo NFLX-PERP | +0.0104% | 1h | 73.609 | +0.087% | $225 | — | 10x | as long as short |
| Phoenix NFLX | +0.0185% | 1h | 73.575 | +0.041% | $12K | $77K | 10x | as long as short |
| Variational Omni NFLX | +0.0206% | 8h | 73.595 | +0.068% | $94K | $130K | — | as long as short |
| Binance NFLXUSDT | +0.0208% | 8h | 73.629 | +0.115% | $5.4M | $5.4M | 20x | as long as short |
| Injective NFLX/USDC PERP | +0.0220% | 1h | 74.270 | +0.986% | $83K | $85K | 12x | as long as short |
| GRVT NFLX_USDT_Perp | +0.0260% | 8h | 73.610 | +0.088% | $621 | $143K | 10x | as long as short |
| BloFin NFLX-USDT | +0.0346% | 8h | 73.580 | +0.048% | $47K | $81K | 20x | as long as short |
| Bybit NFLXUSDT | +0.0371% | 8h | 73.610 | +0.088% | $1.3M | $884K | 50x | as long as short |
Ondo Perps NFLX-USD.P
KuCoin NFLXUSDTM
Aevo NFLX-PERP
Phoenix NFLX
Variational Omni NFLX
Binance NFLXUSDT
Injective NFLX/USDC PERP
GRVT NFLX_USDT_Perp
BloFin NFLX-USDT
Bybit NFLXUSDT