Funding you earn now, next payment 00:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against BloFin−0.159%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.159% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SMH-USDT | 597.10 | 0.0017 | pay 0.0017% / 8h | 2h 00m | $40K | $28K | 20x |
| Short | Bybit SMHUSDT | 596.15 | 0 | get 0.0000% / 8h | 2h 00m | $259K | $2.2M | 25x |
BloFin SMH-USDT
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$3.52
- Price spread: −0.159% → 0.000%
- −$15.91
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$42.43
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.
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 BloFin no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 3.69 bp | 16.8 bp −$17 | 162.9 bp −$1,629 | doesn't fit | doesn't fit |
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 597.00 | −0.016% | $733K | $821K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 596.15 | −0.159% | $259K | $2.2M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 596.16 | −0.157% | $430K | $265K | 20x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 596.40 | −0.117% | $182K | $22K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 596.56 | −0.090% | $580K | $122K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 596.58 | −0.087% | $693K | $130K | 20x | as long as short |
| QFEX SMH-USD | +0.0001% | 1h | 596.21 | −0.149% | $1.1M | $6.3M | 10x | as long as short |
| BloFin SMH-USDTlong | +0.0017% | 8h | 597.10 | long leg | $40K | $28K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 596.25 | −0.142% | — | — | 25x | as long as short |
| tradeXYZ xyz:SMH | +0.0050% | 1h | 596.44 | −0.111% | $3.3M | $2.2M | 20x | as long as short |
Binance SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
QFEX SMH-USD
Vest SMH-USD-PERP
tradeXYZ xyz:SMHShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SMH-USDT | +0.0100% | 8h | 598.34 | +0.208% | $7K | $44K | 10x | as long as short |
HTX SMH-USDT