Funding you earn now, next payment 05:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h −0.008%
Price spread now: QFEX against BloFin−0.258%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Funding pays, the price is against you. QFEX is 0.258% cheaper against BloFin than usual: you would sell low and buy high (spread −0.258% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 2 months of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SMH-USDT | 596.22 | −0.0013 | get 0.0013% / 8h | 3h 19m | $48K | $29K | 20x |
| Short | QFEX SMH-USD | 594.68 | 0 | get 0.0000% / 1h | 19m 03s | $1.1M | $6.4M | 10x |
BloFin SMH-USDT
QFEX SMH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $2.79
- Price spread: −0.258% → 0.000%
- −$25.83
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$45.04
- Costs to cover
- 0.220%
- Break-even
- 120.0 days
Slippage unknown: BloFin: no order-book sample; QFEX: live order book, 5 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 QFEX live order book, 5 min ago | 1.51 bp | 13.7 bp −$14 | 21.2 bp −$212 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDTlong | −0.0013% | 8h | 596.22 | long leg | $48K | $29K | 20x | |
| Binance SMHUSDT | 0.0000% | 8h | 595.57 | −0.109% | $750K | $774K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 595.17 | −0.176% | $297K | $2.2M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 595.89 | −0.055% | $505K | $349K | 20x | as long as short |
| QFEX SMH-USDshort | 0.0000% | 1h | 594.68 | −0.258% | $1.1M | $6.4M | 10x | |
| Gate SMH_USDT | 0.0000% | 8h | 595.10 | −0.188% | $188K | $27K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 595.91 | −0.052% | $564K | $129K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 596.61 | +0.065% | $688K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.62 | −0.268% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 596.25 | +0.005% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
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 | +0.0391% | 1h | 595.27 | −0.159% | $3.2M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH