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: Bitget against Gate+0.199%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$402as in the Funding arb table
Net, price: spread back to 7d avg − costs−$393as in the Price arb table
costs, in and out, $10k−$4024.021% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.199%, 7d avg +0.111%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.088% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.111%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMH_USDT | 597.10 | 0 | get 0.0000% / 8h | 3h 31m | $190K | $24K | 20x |
| Short | Bitget SMHUSDT | 598.29 | 0 | get 0.0000% / 8h | 3h 31m | $689K | $109K | 20x |
Gate SMH_USDT
Bitget SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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: +0.199% → +0.111%
- $8.81
- Slippage, 4 orders
- −$375.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$393.27
- Costs to cover
- 4.021%
- Break-even
- never at this rate
Slippage from Gate: live order book, 15 min ago; Bitget: live order book, 19 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 Gate live order book, 15 min ago | 7.53 bp | 55.3 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 19 min ago | 5.09 bp | 193.5 bp −$193 | 415.5 bp −$4,155 | 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 | 597.08 | −0.003% | $751K | $769K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 596.41 | −0.116% | $265K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 597.24 | +0.023% | $504K | $347K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 596.12 | −0.164% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDTlong | 0.0000% | 8h | 597.10 | long leg | $190K | $24K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 596.73 | −0.062% | $565K | $129K | 20x | as long as short |
| Bitget SMHUSDTshort | 0.0000% | 8h | 598.29 | +0.199% | $689K | $109K | 20x | |
| BloFin SMH-USDT | +0.0012% | 8h | 597.36 | +0.044% | $48K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 596.06 | −0.174% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 597.08 | −0.003% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
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 | +0.0365% | 1h | 596.25 | −0.142% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH