Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against Binance−0.143%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1161.155% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 2 days (all we have)+0.040%+$4 · spread now −0.143%, 7d avg −0.104%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.039% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SMHUSDT | 601.66 | 0 | get 0.0000% / 8h | 7h 36m | $741K | $743K | 20x |
| Short | Gate SMH_USDT | 600.80 | 0 | get 0.0000% / 8h | 7h 36m | $183K | $22K | 20x |
Binance SMHUSDT
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.143% → −0.104%
- −$3.92
- Slippage, 4 orders
- −$90.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$119.43
- Costs to cover
- 1.155%
- Break-even
- never at this rate
Slippage from Binance: live order book, 70 min ago; Gate: live order book, 29 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 Binance live order book, 70 min ago | 6.43 bp | 17.0 bp −$17 | 69.8 bp −$698 | doesn't fit | doesn't fit |
| Sell Gate live order book, 29 min ago | 11.69 bp | 22.3 bp −$22 | doesn't fit | 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 | −0.0019% | 8h | 601.95 | +0.048% | $47K | $28K | 20x | as long as short |
| Binance SMHUSDTlong | 0.0000% | 8h | 601.66 | long leg | $741K | $743K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 601.03 | −0.105% | $262K | $2.2M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 602.04 | +0.063% | $508K | $347K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 600.47 | −0.198% | $1.1M | $6.9M | 10x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 600.80 | −0.143% | $183K | $22K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 601.27 | −0.065% | $585K | $120K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 601.13 | −0.088% | $695K | $118K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 600.52 | −0.189% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 603.43 | +0.294% | $7K | $45K | 10x | as long as short |
BloFin SMH-USDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
MEXC SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERP
HTX SMH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0270% | 1h | 600.95 | −0.118% | $3.3M | $2.1M | 20x | as long as short |
tradeXYZ xyz:SMH