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: Gate against Bitget−0.077%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$402as in the Funding arb table
Net, price: spread back to 7d avg − costs−$399as in the Price arb table
costs, in and out, $10k−$4024.021% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.077%, 7d avg −0.111%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.034% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.111%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SMHUSDT | 595.06 | 0 | get 0.0000% / 8h | 2h 55m | $686K | $109K | 20x |
| Short | Gate SMH_USDT | 594.60 | 0 | get 0.0000% / 8h | 2h 55m | $188K | $27K | 20x |
Bitget SMHUSDT
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.077% → −0.111%
- $3.38
- Slippage, 4 orders
- −$375.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$398.7
- Costs to cover
- 4.021%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 55 min ago; Gate: live order book, 51 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, 55 min ago | 5.09 bp | 13.0 bp −$13 | 37.1 bp −$371 | doesn't fit | doesn't fit |
| Sell Gate live order book, 51 min ago | 7.53 bp | 140.3 bp −$140 | 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 SMHUSDT | 0.0000% | 8h | 595.31 | +0.042% | $742K | $789K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 594.14 | −0.155% | $302K | $1.9M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 595.33 | +0.045% | $504K | $350K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 594.25 | −0.136% | $1.1M | $6.3M | 10x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 594.60 | −0.077% | $188K | $27K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 594.98 | −0.013% | $563K | $128K | 20x | as long as short |
| Bitget SMHUSDTlong | 0.0000% | 8h | 595.06 | long leg | $686K | $109K | 20x | |
| BloFin SMH-USDT | +0.0004% | 8h | 595.28 | +0.037% | $48K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.27 | −0.133% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 596.27 | +0.203% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
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 | +0.0713% | 1h | 595.27 | +0.035% | $3.3M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH