Funding you earn now, next payment 08:00 UTC+0.0509%/8h= +55.7% APRpaid last 24h +0.107%
Price spread now: tradeXYZ against Bybit+0.007%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days+0.473%+$47 on $10k
+Price spread, last 7 days−0.084%−$8 · spread now +0.007%, 7d avg −0.044%
=Together, before fees+0.389%+ Points / potential airdroptradeXYZ: Active · farm board+$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and tradeXYZ is 0.051% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SMHUSDT | 592.27 | 0 | get 0.0000% / 8h | 7m 08s | $299K | $388K | 25x |
| Short | tradeXYZ xyz:SMH | 592.31 | 0.0509 | get 0.0064% / 1h | 7m 08s | $3.2M | $2.0M | 20x |
Bybit SMHUSDT
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $106.8
- Price spread: +0.007% → −0.044%
- $5.07
- Slippage, 4 orders
- −$74.22
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $8.65
- Costs to cover
- 1.032%
- Break-even
- 6.4 days
Slippage from Bybit: live order book, 58 min ago; tradeXYZ: live order book, 1 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, 58 min ago | 7.93 bp | 49.5 bp −$49 | 213.1 bp −$2,131 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 1 min ago | 3.38 bp | 13.4 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SMHUSDT | 0.0000% | 8h | 592.57 | +0.051% | $720K | $810K | 20x | as long as short |
| Bybit SMHUSDTlong | 0.0000% | 8h | 592.27 | long leg | $299K | $388K | 25x | |
| QFEX SMH-USD | 0.0000% | 1h | 592.16 | −0.019% | $1.1M | $6.2M | 10x | as long as short |
| Gate SMH_USDT | 0.0000% | 8h | 592.20 | −0.012% | $185K | $30K | 20x | as long as short |
| MEXC SMH_USDT | 0.0000% | 8h | 592.54 | +0.046% | $561K | $130K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 592.64 | +0.062% | $679K | $51K | 20x | as long as short |
| BloFin SMH-USDT | +0.0015% | 8h | 592.80 | +0.089% | $47K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 592.20 | −0.012% | — | — | 25x | as long as short |
| OKX SMH-USDT-SWAP | +0.0071% | 8h | 592.29 | +0.003% | $499K | $356K | 20x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 595.09 | +0.476% | $7K | $47K | 10x | as long as short |
Binance SMHUSDT
QFEX SMH-USD
Gate SMH_USDT
MEXC SMH_USDT
Bitget SMHUSDT
BloFin SMH-USDT
Vest SMH-USD-PERP
OKX SMH-USDT-SWAP
HTX SMH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMHshort | +0.0509% | 1h | 592.31 | +0.007% | $3.2M | $2.0M | 20x |