NFLX

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.033%

7d average—if it closes, per $10,000$3funding while held, a day+$2.04

Long on Variational Omni Short on Phoenix

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NFLX	73.401	0.0181	pay 0.0181% / 8h	6h 07m	$119K	$110K	—
Short	Phoenix NFLX	73.377	0.0249	get 0.0031% / 1h	7m 33s	$12K	$66K	10x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee Variational OmnibpFee PhoenixbpOrdersClose when spread is

Spread captured: −$3.3
Funding while held: $2.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$8.27
Spread needed to break even: 0.070%

Slippage unknown: Variational Omni: RFQ quote, 33 min ago; Phoenix: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0068%
Per $10,000 a day: +$2.04
Average in range /8h: —

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 Variational Omni RFQ quote, 33 min ago	2.89 bp	doesn't fit	42.1 bp −$421	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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 price on every exchange

against the cheapest. Click to use as the short leg.

Injective72.860cheapest Ondo Perps73.290+0.590%Vest73.330+0.645%Extended73.330+0.646%QFEX73.340+0.659%tradeXYZ73.341+0.660%Aster73.374+0.706%

Phoenix73.377+0.710%

OKX73.380+0.714%Gate73.380+0.714%KuCoin73.380+0.714%

Variational Omni73.401+0.743%

Binance73.418+0.766%Bitget73.420+0.769%SunX73.421+0.770%Aevo73.430+0.782%Phemex73.430+0.782%Bybit73.440+0.796%BloFin73.450+0.810%HTX73.479+0.850%

NFLX on 20 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective NFLX/USDC PERP	−0.737%	−0.0220%	1h	$81K	$30K	12x	as long as short
Ondo Perps NFLX-USD.P	−0.152%	+0.0050%	1h	$76K	$144K	10x	as long as short
Vest NFLX-USD-PERP	−0.097%	+0.0046%	1h	—	$15K	25x	as long as short
Extended NFLX-USD	−0.096%	+0.0048%	1h	$16K	$29K	10x	as long as short
QFEX NFLX-USD	−0.083%	0.0000%	1h	$1.1M	$1.1M	10x	as long as short
tradeXYZ xyz:NFLX	−0.082%	+0.0050%	1h	$5.3M	$2.7M	10x	as long as short
Aster NFLXUSDT	−0.037%	0.0000%	8h	$9K	$340	20x	as long as short
Phoenix NFLXshort	−0.033%	+0.0249%	1h	$12K	$66K	10x
OKX NFLX-USDT-SWAP	−0.029%	+0.0140%	8h	$881K	$946K	20x	as long as short
Gate NFLX_USDT	−0.029%	0.0000%	8h	$1.3M	$1.1M	25x	as long as short

Show all 20 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin NFLXUSDTM	−0.029%	+0.0100%	8h	$151K	$9K	20x	as long as short
Variational Omni NFLXlong	0.000%	+0.0181%	8h	$119K	$110K	—
Binance NFLXUSDT	+0.023%	+0.0177%	8h	$5.6M	$4.4M	20x	as long as short
Bitget NFLXUSDT	+0.026%	+0.0021%	8h	$4.2M	$520K	50x	as long as short
SunX NFLX-USDT	+0.027%	0.0000%	8h	$1K	$4.9M	10x	as long as short
Aevo NFLX-PERP	+0.039%	+0.0104%	1h	$225	—	10x	as long as short
Phemex NFLXUSDT	+0.039%	0.0000%	8h	$1.4M	$265K	10x	as long as short
Bybit NFLXUSDT	+0.053%	+0.0559%	8h	$1.3M	$945K	50x	as long as short
BloFin NFLX-USDT	+0.066%	+0.0297%	8h	$47K	$41K	20x	as long as short
HTX NFLX-USDT	+0.106%	0.0000%	8h	$11K	$49K	20x	as long as short