Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit+0.093%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$262as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2622.618% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.093%, 7d avg −0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.141% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMHUSDT | 592.55 | 0 | get 0.0000% / 8h | 4h 08m | $296K | $416K | 25x |
| Short | Gate SMH_USDT | 593.10 | 0 | get 0.0000% / 8h | 4h 08m | $186K | $20K | 20x |
Bybit SMHUSDT
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.093% → −0.048%
- $14.06
- Slippage, 4 orders
- −$235.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$247.69
- Costs to cover
- 2.618%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 25 min ago; Gate: live order book, 26 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, 25 min ago | 4.04 bp | 13.7 bp −$14 | 177.0 bp −$1,770 | doesn't fit | doesn't fit |
| Sell Gate live order book, 26 min ago | 7.58 bp | 57.8 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
SMH on 11 exchanges
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 | 592.93 | +0.064% | $705K | $1.1M | 20x | as long as short |
| Bybit SMHUSDTlong | 0.0000% | 8h | 592.55 | long leg | $296K | $416K | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 593.36 | +0.137% | $504K | $315K | 20x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 593.10 | +0.093% | $186K | $20K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 593.06 | +0.086% | $561K | $113K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.60 | +0.008% | $687K | $48K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 592.32 | −0.039% | $1.1M | $5.5M | 10x | as long as short |
| BloFin SMH-USDT | +0.0017% | 8h | 593.19 | +0.108% | $48K | $33K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 592.29 | −0.044% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 595.42 | +0.484% | $7K | $47K | 10x | as long as short |
Binance SMHUSDT
OKX SMH-USDT-SWAP
MEXC SMH_USDT
Bitget SMHUSDT
QFEX SMH-USD
BloFin SMH-USDT
Vest SMH-USD-PERP
HTX SMH-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0199% | 1h | 592.33 | −0.037% | $3.1M | $1.7M | 20x | as long as short |
tradeXYZ xyz:SMH