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: OKX against Bitget+0.040%7-day average −0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1521.517% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now +0.040%, 7d avg −0.085%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.125% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SMHUSDT | 600.79 | 0 | get 0.0000% / 8h | 6h 45m | $695K | $120K | 20x |
| Short | OKX SMH-USDT-SWAP | 601.03 | 0 | get 0.0000% / 8h | 6h 45m | $506K | $349K | 20x |
Bitget SMHUSDT
OKX SMH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.040% → −0.085%
- $12.5
- Slippage, 4 orders
- −$129.66
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$139.17
- Costs to cover
- 1.517%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 19 min ago; OKX: live order book, 20 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, 19 min ago | 9.38 bp | 15.9 bp −$16 | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell OKX live order book, 20 min ago | 2.32 bp | 35.3 bp −$35 | 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 | 601.25 | +0.076% | $744K | $752K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.97 | +0.030% | $265K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAPshort | 0.0000% | 8h | 601.03 | +0.040% | $506K | $349K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 600.15 | −0.107% | $1.1M | $6.7M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.80 | +0.002% | $182K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.76 | −0.005% | $579K | $125K | 20x | as long as short |
| Bitget SMHUSDTlong | 0.0000% | 8h | 600.79 | long leg | $695K | $120K | 20x | |
| BloFin SMH-USDT | +0.0016% | 8h | 601.72 | +0.155% | $48K | $30K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 600.23 | −0.093% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 601.12 | +0.055% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
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 | +0.0410% | 1h | 601.16 | +0.062% | $3.3M | $2.1M | 20x | as long as short |
tradeXYZ xyz:SMH