Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+0.020%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2272.265% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.020%, 7d avg +0.061%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.041% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMHUSDT | 593.26 | 0 | get 0.0000% / 8h | 2h 13m | $301K | $916K | 25x |
| Short | Bitget SMHUSDT | 593.38 | −0.0038 | pay 0.0038% / 8h | 2h 13m | $684K | $110K | 20x |
Bybit SMHUSDT
Bitget SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$7.98
- Price spread: +0.020% → +0.061%
- −$4.08
- Slippage, 4 orders
- −$203.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$238.57
- Costs to cover
- 2.265%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 32 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, 1 min ago | 5.73 bp | 35.6 bp −$36 | 199.0 bp −$1,990 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 32 min ago | 11.92 bp | 135.5 bp −$136 | 273.9 bp −$2,739 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SMHUSDTshort | −0.0038% | 8h | 593.38 | +0.020% | $684K | $110K | 20x | |
| BloFin SMH-USDT | −0.0023% | 8h | 593.47 | +0.035% | $47K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 593.99 | +0.122% | $722K | $840K | 20x | as long as short |
| Bybit SMHUSDTlong | 0.0000% | 8h | 593.26 | long leg | $301K | $916K | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 594.05 | +0.133% | $503K | $352K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 593.21 | −0.008% | $1.1M | $6.3M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 593.50 | +0.040% | $189K | $28K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 593.71 | +0.076% | $562K | $130K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 593.09 | −0.029% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 595.16 | +0.320% | $7K | $46K | 10x | as long as short |
BloFin SMH-USDT
Binance SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC 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 | +0.0601% | 1h | 593.98 | +0.121% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH