Funding you earn now, next payment 03:00 UTC+0.0389%/8h= +42.6% APRpaid last 24h +0.098%
Price spread now: tradeXYZ against Binance−0.032%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$590.588% of the position
Funding, last 7 days+0.394%+$39 on $10k
+Price spread, last 2 days (all we have)−0.172%−$17 · spread now −0.032%, 7d avg −0.074%
=Together, before fees+0.222%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and tradeXYZ is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SMHUSDT | 600.15 | 0 | get 0.0000% / 8h | 5h 46m | $741K | $724K | 20x |
| Short | tradeXYZ xyz:SMH | 599.96 | 0.0389 | get 0.0049% / 1h | 46m 06s | $3.3M | $1.9M | 20x |
Binance SMHUSDT
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $81.74
- Price spread: −0.032% → −0.074%
- $4.23
- Slippage, 4 orders
- −$30.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $27.14
- Costs to cover
- 0.588%
- Break-even
- 4.7 days
Slippage from Binance: live order book, 31 min ago; tradeXYZ: live order book, 2 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, 31 min ago | 1.91 bp | 17.1 bp −$17 | 67.4 bp −$674 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 3.00 bp | 13.3 bp −$13 | 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 | 600.15 | long leg | $741K | $724K | 20x | |
| Bybit SMHUSDT | 0.0000% | 8h | 599.64 | −0.085% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.60 | +0.075% | $506K | $348K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.38 | −0.128% | $1.1M | $6.6M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 599.70 | −0.075% | $182K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.14 | −0.002% | $568K | $128K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.24 | +0.015% | $691K | $112K | 20x | as long as short |
| BloFin SMH-USDT | +0.0027% | 8h | 600.49 | +0.057% | — | $30K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.40 | −0.125% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 598.74 | −0.235% | $7K | $46K | 10x | as long as short |
Bybit SMHUSDT
OKX SMH-USDT-SWAP
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:SMHshort | +0.0389% | 1h | 599.96 | −0.032% | $3.3M | $1.9M | 20x |