Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit+0.157%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1831.834% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.157%, 7d avg −0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.174% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMHUSDT | 591.79 | 0 | get 0.0000% / 8h | 1h 41m | $301K | $493K | 25x |
| Short | OKX SMH-USDT-SWAP | 592.72 | 0 | get 0.0000% / 8h | 1h 41m | $502K | $352K | 20x |
Bybit SMHUSDT
OKX SMH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.157% → −0.017%
- $17.38
- Slippage, 4 orders
- −$162.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$165.99
- Costs to cover
- 1.834%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 29 min ago; OKX: live order book, 65 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, 29 min ago | 5.38 bp | 84.9 bp −$85 | 201.0 bp −$2,010 | doesn't fit | doesn't fit |
| Sell OKX live order book, 65 min ago | 2.18 bp | 43.1 bp −$43 | doesn't fit | 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 SMHUSDT | −0.0017% | 8h | 592.60 | +0.137% | $684K | $81K | 20x | as long as short |
| BloFin SMH-USDT | −0.0011% | 8h | 593.37 | +0.267% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 592.53 | +0.125% | $721K | $840K | 20x | as long as short |
| Bybit SMHUSDTlong | 0.0000% | 8h | 591.79 | long leg | $301K | $493K | 25x | |
| OKX SMH-USDT-SWAPshort | 0.0000% | 8h | 592.72 | +0.157% | $502K | $352K | 20x | |
| Gate SMH_USDT | 0.0000% | 8h | 592.50 | +0.120% | $188K | $28K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.76 | +0.164% | $561K | $128K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 591.46 | −0.056% | $1.1M | $6.3M | 10x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 591.55 | −0.041% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 593.97 | +0.368% | $7K | $46K | 10x | as long as short |
Bitget SMHUSDT
BloFin SMH-USDT
Binance SMHUSDT
Gate SMH_USDT
MEXC SMH_USDT
QFEX SMH-USD
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 | +0.0386% | 1h | 592.15 | +0.061% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH