Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%
Price spread now: QFEX against Binance−0.159%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$550.550% of the position
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 2 days (all we have)+0.311%+$31 · spread now −0.159%, 7d avg −0.097%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.061% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SMHUSDT | 598.40 | 0 | get 0.0000% / 8h | 3h 47m | $751K | $766K | 20x |
| Short | QFEX SMH-USD | 597.45 | 0 | get 0.0000% / 1h | 47m 34s | $1.1M | $6.4M | 10x |
Binance SMHUSDT
QFEX SMH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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: −0.159% → −0.097%
- −$6.13
- Slippage, 4 orders
- −$35.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$61.15
- Costs to cover
- 0.550%
- Break-even
- never at this rate
Slippage from Binance: live order book, 75 min ago; QFEX: live order book, 6 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, 75 min ago | 4.57 bp | 12.8 bp −$13 | 55.3 bp −$553 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 2.09 bp | 12.1 bp −$12 | 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 | 598.40 | long leg | $751K | $766K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 597.83 | −0.095% | $265K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 598.49 | +0.015% | $505K | $347K | 20x | as long as short |
| QFEX SMH-USDshort | 0.0000% | 1h | 597.45 | −0.159% | $1.1M | $6.4M | 10x | |
| Gate SMH_USDT | 0.0000% | 8h | 597.80 | −0.100% | $190K | $24K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 598.38 | −0.003% | $566K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 598.40 | 0.000% | $689K | $109K | 20x | as long as short |
| BloFin SMH-USDT | +0.0005% | 8h | 599.51 | +0.185% | $48K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 597.42 | −0.164% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 599.35 | +0.159% | $7K | $46K | 10x | as long as short |
Bybit SMHUSDT
OKX SMH-USDT-SWAP
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 | +0.0324% | 1h | 597.86 | −0.090% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH