Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG529.4900.0000% / 8h3h 55m$1.1M$213K20xLong Bitget
SHORT527.05+0.1631get 0.0204% / 1h55m 33s$207K$31K10xShort Paragon
Price gap−0.460%
Funding gap+0.1631% /8h

Funding pays +$49 a day on $10k, but the gap is 0.198% under its 7d average: −$20 if it goes back, about 10 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$194+0.1631% /8h now · paid +1.941% over the last 7D
Price−$20spread −0.460% now, avg −0.262% → −0.198% if it goes back
Costs−$1221.217% of $10k · taker + slippage, in and out

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.460%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SMH on 14 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size8.5 / 39.3 bp
    At $10k entering Paragon costs 39.3 bp, fee and slippage, 4.6× Bitget’s.
  • Note: Margin at max leverage$500 + $1,000
    Bitget 20x, Paragon 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$48.93Long Bitget: 3 payments, $0.00; short Paragon: 24 payments, +$48.93.
  • Watch: Gap narrower than usual−0.460% vs −0.262%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$207K vs $1.1M OI
    Paragon sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBitget Yes · Paragon No
    KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0925%/8h × 21 periods+$194.15
Price spread−0.460% → −0.262% (7d avg)−$19.82
Slippage, 4 orderslive order books−$107.92
Fee Bitget bp × 2 orders−$12.00
Fee Paragon bp × 2 orders−$1.80
Net · 7 days · $10k+$52.61
Costs to cover1.217%Break-even5.1 days
Slippage: Bitget: live order book, 4 min ago; Paragon: live order book, 65 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBitget1.518.5 bp−$830.6 bp−$306doesn’t fitdoesn’t fit
SELL · SHORTParagon0.2839.3 bp−$39176.8 bp−$1,768doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

SMH news

posts that mention SMH, from every exchangeSearch all news →
10-20 12:55SoDEXOther🏆 THE RESULTS ARE IN! 🎉 The community has spoken! soUSDC is the winner of our Treasure Box vote! 🥇 soUSDC — 78.4% 🥈 VOO — 12.2% 🥉 SMH — 9.4% 🎁 soUSDC will be featured in every Treasure Box this Thursday, Oct 22, at 12:00 UTC! Thanks to everyone who voted! 🚀 Stay tuned! @sodex_official on X ↗
10-19 12:49SoDEXOther🔵 soUSDC — the USDC Earn yield receipt. 7-day APY 4.73%. The steady one: no price risk, just yield. 🟢 SMH — tracks the US semiconductor 25 index. +60.91% over the past year. The growth play: AI infrastructure, concentrated. 🟡 VOO — tracks the S&P 500. +15.50% over the past year, and the lowest volatility of the three. Broad, boring, hard to argue with. @sodex_official on X ↗
10-19 12:08SoDEXProduct📊 THE VOTE IS LIVE — you pick the next Treasure Box asset You filled the replies with suggestions last week. We read every one. Three made the shortlist 👇 🔵 soUSDC — the USDC Earn yield receipt. 7-day APY 4.73%. The steady one: no price risk, just yield. 🟢 SMH — tracks the US semiconductor 25 index. +60.91% over the past year. The growth play: AI infrastructure, concentrated. 🟡 VOO — tracks the S&P 500. +15.50% over the past year, and the lowest volatility of the three. Broad, boring, hard to argue with. Vote in the poll below. ⏳ 24 hours — closes Oct 20, 12:15 UTC. The winner goes into every Treasure Box on Thursday, Oct 22, 12:00 UTC. Make your case in the replies 👇 soUSDC · 4.73% APY SMH · +60.91% 1Y VOO · +15.50% 1Y Yields and returns shown are historical and variable. Past performance is not indicative of future results. 📷 @sodex_official on X ↗
10-14 09:00KuCoinListingnew market SMHUSDTM ($SMH) seen by our collector
10-07 12:34ParagonProductMarketVector and Paragon have partnered to bring the MVIS US Listed Semiconductor 25 Index (#MVSMH) to Hyperliquid. para:SMH is now live 24/7. Semiconductors sit at the center of the AI buildout. More than $75 billion in assets track this benchmark through funds and ETFs globally. para:SMH references #MVSMH directly, bringing that exposure to a market that trades around the clock. Using @PythNetwork real-time pricing, the index extends through overnight, pre- and post-market sessions while maintaining the integrity of the benchmark's methodology. No ETF-level expenses or tracking differences. MarketVector indexes sit behind more than $180 billion in assets across 25+ issuers. Paragon is bringing the exposures investors already know on-chain through new markets built to trade continuously on Hyperliquid. @tradeparagon on X ↗
10-07 07:58ParagonListingnew market para:SMH ($SMH) seen by our collector