Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: HTX against Bybit+0.310%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.310% dearer against Bybit than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMHUSDT | 600.35 | 0 | get 0.0000% / 8h | 6h 39m | $265K | $2.4M | 25x |
| Short | HTX SMH-USDT | 602.21 | 0.0100 | get 0.0100% / 8h | 6h 39m | $7K | $46K | 10x |
Bybit SMHUSDT
HTX SMH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $21
- Price spread: +0.310% → 0.000%
- $30.98
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $28.98
- Costs to cover
- 0.230%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 2 min ago; HTX: no order-book sample. 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 Bybit live order book, 2 min ago | 4.16 bp | 45.5 bp −$45 | 184.6 bp −$1,846 | doesn't fit | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: 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 | 600.84 | +0.081% | $743K | $743K | 20x | as long as short |
| Bybit SMHUSDTlong | 0.0000% | 8h | 600.35 | long leg | $265K | $2.4M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.88 | +0.088% | $504K | $349K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 599.38 | −0.162% | $1.1M | $6.7M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 600.40 | +0.008% | $182K | $21K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 600.66 | +0.052% | $569K | $129K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.71 | +0.060% | $695K | $119K | 20x | as long as short |
| BloFin SMH-USDT | +0.0016% | 8h | 601.72 | +0.228% | $48K | $30K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.52 | −0.138% | — | — | 25x | as long as short |
| HTX SMH-USDTshort | +0.0100% | 8h | 602.21 | +0.310% | $7K | $46K | 10x |
Binance SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
BloFin SMH-USDT
Vest SMH-USD-PERPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0490% | 1h | 600.29 | −0.010% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH