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

NFLX

RWAall NFLX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0161%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.065%
Price spread now: Phoenix against Vest+0.102%58s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.102% dearer against Vest than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest NFLX-USD-PERP73.4000.0046pay 0.0006% / 1h36m 03s$21K25x
ShortPhoenix NFLX73.4750.0207get 0.0026% / 1h36m 03s$12K$77K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix against Vest. 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
$33.84
Price spread: +0.102% → 0.000%
$10.22
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$35.06
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Vest: no order-book sample; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell Phoenix no order-book sample
Vest and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NFLXUSDT0.0000%8h73.460+0.082%$11K$5K20xas long as short
OKX NFLX-USDT-SWAP0.0000%8h73.520+0.163%$872K$988K20xas long as short
QFEX NFLX-USD0.0000%1h73.440+0.054%$1.1M$1.5M10xas long as short
Gate NFLX_USDT0.0000%8h73.560+0.218%$1.3M$1.2M25xas long as short
SunX NFLX-USDT0.0000%8h73.521+0.165%$1K$5.0M10xas long as short
HTX NFLX-USDT0.0000%8h73.376−0.033%$10K$52K20xas long as short
Phemex NFLXUSDT0.0000%8h73.520+0.163%$1.4M$329K10xas long as short
Vest NFLX-USD-PERPlong+0.0046%1h73.400long leg$21K25x
Extended NFLX-USD+0.0048%1h73.431+0.043%$16K$29K10xas long as short
tradeXYZ xyz:NFLX+0.0050%1h73.435+0.048%$5.1M$3.0M10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps NFLX-USD.P+0.0050%1h73.4000.000%$68K$172K10xas long as short
KuCoin NFLXUSDTM+0.0100%8h73.460+0.082%$152K$37K20xas long as short
Aevo NFLX-PERP+0.0104%1h73.527+0.174%$22510xas long as short
Bitget NFLXUSDT+0.0111%8h73.510+0.150%$4.2M$638K50xas long as short
Variational Omni NFLX+0.0186%8h73.517+0.159%$120K$106Kas long as short
Binance NFLXUSDT+0.0189%8h73.520+0.163%$5.4M$5.4M20xas long as short
Phoenix NFLXshort+0.0207%1h73.475+0.102%$12K$77K10x
Injective NFLX/USDC PERP+0.0220%1h74.170+1.049%$83K$64K12xas long as short
GRVT NFLX_USDT_Perp+0.0300%8h73.520+0.163%$834$157K10xas long as short
BloFin NFLX-USDT+0.0312%8h73.520+0.163%$46K$82K20xas long as short
Bybit NFLXUSDT+0.0398%8h73.540+0.191%$1.3M$1.0M50xas long as short