Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Bybit against Binance−0.072%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1181.181% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 2 days (all we have)−0.006%−$1 · spread now −0.072%, 7d avg −0.065%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SMHUSDT | 597.17 | 0 | get 0.0000% / 8h | 1h 26m | $733K | $773K | 20x |
| Short | Bybit SMHUSDT | 596.74 | 0 | get 0.0000% / 8h | 1h 26m | $259K | $2.2M | 25x |
Binance SMHUSDT
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $0
- Price spread: −0.072% → −0.065%
- −$0.67
- Slippage, 4 orders
- −$97.11
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$118.78
- Costs to cover
- 1.181%
- Break-even
- never at this rate
Slippage from Binance: live order book, 36 min ago; Bybit: live order book, just now.
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 Binance live order book, 36 min ago | 2.01 bp | 10.9 bp −$11 | 100.5 bp −$1,005 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 2.60 bp | 19.3 bp −$19 | 171.6 bp −$1,716 | doesn't fit | doesn't fit |
SMH on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDT | −0.0026% | 8h | 597.51 | +0.057% | $40K | $28K | 20x | as long as short |
| Binance SMHUSDTlong | 0.0000% | 8h | 597.17 | long leg | $733K | $773K | 20x | |
| Bybit SMHUSDTshort | 0.0000% | 8h | 596.74 | −0.072% | $259K | $2.2M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 597.37 | +0.033% | $430K | $265K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 597.04 | −0.022% | $1.1M | $6.7M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 596.70 | −0.079% | $182K | $22K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 597.30 | +0.022% | $581K | $121K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 597.27 | +0.017% | $695K | $141K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 597.09 | −0.013% | — | — | 25x | as long as short |
| tradeXYZ xyz:SMH | +0.0050% | 1h | 597.00 | −0.028% | $3.3M | $2.2M | 20x | as long as short |
BloFin SMH-USDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERP
tradeXYZ xyz:SMHShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SMH-USDT | +0.0100% | 8h | 597.89 | +0.121% | $7K | $44K | 10x | as long as short |
HTX SMH-USDT