Funding you earn now, next payment 16:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.29 per $10,000 · paid last 24h −0.004%
Price spread now: OKX against Binance−0.038%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1411.408% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 2 days (all we have)+0.022%+$2 · spread now −0.038%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SMHUSDT | 590.94 | 0 | get 0.0000% / 8h | 7h 42m | $718K | $788K | 20x |
| Short | OKX SMH-USDT-SWAP | 590.71 | 0.0029 | get 0.0029% / 8h | 7h 42m | $498K | $288K | 20x |
Binance SMHUSDT
OKX SMH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $6.13
- Price spread: −0.038% → −0.036%
- −$0.26
- Slippage, 4 orders
- −$120.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$134.98
- Costs to cover
- 1.408%
- Break-even
- 161.1 days
Slippage from Binance: live order book, 20 min ago; OKX: live order book, 53 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, 20 min ago | 6.24 bp | 15.0 bp −$15 | 64.5 bp −$645 | doesn't fit | doesn't fit |
| Sell OKX live order book, 53 min ago | 2.11 bp | 51.5 bp −$52 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDTlong | 0.0000% | 8h | 590.94 | long leg | $718K | $788K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 590.42 | −0.087% | $298K | $370K | 25x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 589.88 | −0.179% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 590.20 | −0.124% | $185K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 590.85 | −0.014% | $559K | $119K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 590.85 | −0.014% | $677K | $50K | 20x | as long as short |
| BloFin SMH-USDT | +0.0025% | 8h | 590.95 | +0.002% | $47K | $29K | 20x | as long as short |
| OKX SMH-USDT-SWAPshort | +0.0029% | 8h | 590.71 | −0.038% | $498K | $288K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 590.70 | −0.040% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 591.26 | +0.055% | $7K | $46K | 10x | as long as short |
Bybit SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
BloFin SMH-USDT
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 | +0.0109% | 1h | 590.54 | −0.067% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH