Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against Gate+0.153%213s7-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 $0 a day on $10k at the current rate, and BloFin is 0.153% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 213 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMH_USDT | 600.80 | 0 | get 0.0000% / 8h | 6h 45m | $182K | $21K | 20x |
| Short | BloFin SMH-USDT | 601.72 | 0.0016 | get 0.0016% / 8h | 6h 45m | $48K | $30K | 20x |
Gate SMH_USDT
BloFin SMH-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $3.33
- Price spread: +0.153% → 0.000%
- $15.31
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$8.36
- Costs to cover
- 0.270%
- Break-even
- 24.6 days
Slippage unknown: Gate: live order book, 16 min ago; BloFin: 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 Gate live order book, 16 min ago | 10.80 bp | 102.9 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: 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 | 601.24 | +0.074% | $744K | $752K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.94 | +0.023% | $265K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.98 | +0.030% | $506K | $349K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 600.11 | −0.115% | $1.1M | $6.7M | 10x | as long as short |
| Gate SMH_USDTlong | 0.0000% | 8h | 600.80 | long leg | $182K | $21K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 600.85 | +0.008% | $579K | $125K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.79 | −0.002% | $695K | $120K | 20x | as long as short |
| BloFin SMH-USDTshort | +0.0016% | 8h | 601.72 | +0.153% | $48K | $30K | 20x | |
| Vest SMH-USD-PERP | +0.0046% | 1h | 600.23 | −0.095% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 601.12 | +0.053% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
MEXC SMH_USDT
Bitget SMHUSDT
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 | +0.0417% | 1h | 601.16 | +0.060% | $3.3M | $2.1M | 20x | as long as short |
tradeXYZ xyz:SMH