Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Binance against Bybit+0.153%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$840.836% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 2 days (all we have)−0.096%−$10 · spread now +0.153%, 7d avg +0.066%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.087% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMHUSDT | 600.01 | 0 | get 0.0000% / 8h | 7h 54m | $261K | $2.2M | 25x |
| Short | Binance SMHUSDT | 600.93 | 0 | get 0.0000% / 8h | 7h 54m | $738K | $742K | 20x |
Bybit SMHUSDT
Binance SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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: +0.153% → +0.066%
- $8.74
- Slippage, 4 orders
- −$62.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$74.82
- Costs to cover
- 0.836%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 53 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 Bybit live order book, 3 min ago | 7.42 bp | 33.7 bp −$34 | 180.1 bp −$1,801 | doesn't fit | doesn't fit |
| Sell Binance live order book, 53 min ago | 6.43 bp | 15.7 bp −$16 | 64.7 bp −$647 | 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 SMHUSDTshort | 0.0000% | 8h | 600.93 | +0.153% | $738K | $742K | 20x | |
| Bybit SMHUSDTlong | 0.0000% | 8h | 600.01 | long leg | $261K | $2.2M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.72 | +0.118% | $431K | $263K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.59 | −0.070% | $1.1M | $6.9M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 599.90 | −0.018% | $182K | $22K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 599.99 | −0.003% | $584K | $119K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.40 | +0.065% | $694K | $117K | 20x | as long as short |
| BloFin SMH-USDT | +0.0010% | 8h | 600.89 | +0.147% | $40K | $28K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.63 | −0.063% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 600.60 | +0.098% | $7K | $45K | 10x | as long as short |
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
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 | +0.0547% | 1h | 600.54 | +0.088% | $3.3M | $2.1M | 20x | as long as short |
tradeXYZ xyz:SMH