Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against Bybit−0.079%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1651.645% of the position
Funding, last 4 days (all we have)0.000%$0 on $10k
+Price spread, last 7 days−0.059%−$6 · spread now −0.079%, 7d avg −0.058%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.021% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMHUSDT | 592.75 | 0 | get 0.0000% / 8h | 1h 48m | $301K | $573K | 25x |
| Short | QFEX SMH-USD | 592.28 | 0.0000 | get 0.0000% / 1h | 48m 51s | $1.1M | $6.3M | 10x |
Bybit SMHUSDT
QFEX SMH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $0.08
- Price spread: −0.079% → −0.058%
- −$2.12
- Slippage, 4 orders
- −$143.51
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$166.54
- Costs to cover
- 1.645%
- Break-even
- 13885.7 days
Slippage from Bybit: live order book, 21 min ago; QFEX: live order book, 5 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, 21 min ago | 5.38 bp | 84.9 bp −$85 | 201.0 bp −$2,010 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.11 bp | 18.2 bp −$18 | 25.4 bp −$254 | 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 | −0.0016% | 8h | 592.95 | +0.034% | $684K | $81K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 593.42 | +0.112% | $721K | $839K | 20x | as long as short |
| Bybit SMHUSDTlong | 0.0000% | 8h | 592.75 | long leg | $301K | $573K | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 594.11 | +0.229% | $503K | $353K | 20x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.50 | −0.042% | $188K | $28K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.94 | +0.032% | $561K | $128K | 20x | as long as short |
| QFEX SMH-USDshort | 0.0000% | 1h | 592.28 | −0.079% | $1.1M | $6.3M | 10x | |
| BloFin SMH-USDT | +0.0009% | 8h | 593.49 | +0.125% | $48K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 592.32 | −0.073% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 594.67 | +0.324% | $7K | $46K | 10x | as long as short |
Bitget SMHUSDT
Binance SMHUSDT
OKX SMH-USDT-SWAP
Gate SMH_USDT
MEXC SMH_USDT
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 | +0.0342% | 1h | 592.75 | 0.000% | $3.2M | $2.0M | 20x | as long as short |
tradeXYZ xyz:SMH