Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget+0.010%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$960.961% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.010%, 7d avg −0.059%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.069% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SMHUSDT | 600.33 | 0 | get 0.0000% / 8h | 4h 45m | $691K | $109K | 20x |
| Short | Bybit SMHUSDT | 600.39 | 0 | get 0.0000% / 8h | 4h 45m | $266K | $2.4M | 25x |
Bitget SMHUSDT
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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: +0.010% → −0.059%
- $6.94
- Slippage, 4 orders
- −$73.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$89.14
- Costs to cover
- 0.961%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 9 min ago; Bybit: live order book, 1 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 Bitget live order book, 9 min ago | 11.64 bp | 18.9 bp −$19 | 25.3 bp −$253 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.00 bp | 40.5 bp −$40 | 176.6 bp −$1,766 | 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 SMHUSDT | 0.0000% | 8h | 600.70 | +0.061% | $724K | $738K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 600.39 | +0.010% | $266K | $2.4M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.51 | +0.030% | $506K | $349K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.89 | −0.073% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.10 | −0.038% | $191K | $24K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.61 | +0.047% | $569K | $128K | 20x | as long as short |
| Bitget SMHUSDTlong | 0.0000% | 8h | 600.33 | long leg | $691K | $109K | 20x | |
| BloFin SMH-USDT | +0.0006% | 8h | 601.13 | +0.133% | $48K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.96 | −0.062% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 600.52 | +0.032% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
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 | +0.0487% | 1h | 600.45 | +0.020% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH