Funding you earn now, next payment 08:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.15 per $10,000 · paid last 24h −0.008%
Price spread now: Gate against BloFin−0.260%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 $0 a day on $10k at the current rate, and Gate is 0.260% cheaper against BloFin than usual: you would sell low and buy high (−$26 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 | 597.25 | 0.0015 | pay 0.0015% / 8h | 3h 25m | $48K | $29K | 20x |
| Short | Gate SMH_USDT | 595.70 | 0 | get 0.0000% / 8h | 3h 25m | $188K | $27K | 20x |
BloFin SMH-USDT
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$3.18
- Price spread: −0.260% → 0.000%
- −$25.95
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$56.13
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: BloFin: no order-book sample; Gate: live order book, 21 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 Gate live order book, 21 min ago | 7.53 bp | 140.3 bp −$140 | doesn't fit | 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 | 596.20 | −0.176% | $751K | $774K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 595.69 | −0.261% | $265K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 596.19 | −0.177% | $505K | $349K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 595.55 | −0.285% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 595.70 | −0.260% | $188K | $27K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 596.21 | −0.174% | $564K | $129K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 596.61 | −0.107% | $688K | $109K | 20x | as long as short |
| BloFin SMH-USDTlong | +0.0015% | 8h | 597.25 | long leg | $48K | $29K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 595.76 | −0.249% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 597.72 | +0.079% | $6K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
MEXC SMH_USDT
Bitget SMHUSDT
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 | +0.0367% | 1h | 596.00 | −0.209% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH