Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.020%7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1811.807% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.020%, 7d avg +0.054%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.074% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMH_USDT | 598.00 | 0 | get 0.0000% / 8h | 48m 19s | $182K | $22K | 20x |
| Short | Bybit SMHUSDT | 597.88 | 0 | get 0.0000% / 8h | 48m 19s | $260K | $2.2M | 25x |
Gate SMH_USDT
Bybit SMHUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.020% → +0.054%
- −$7.43
- Slippage, 4 orders
- −$154.68
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$188.11
- Costs to cover
- 1.807%
- Break-even
- never at this rate
Slippage from Gate: live order book, 23 min ago; Bybit: live order book, 3 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, 23 min ago | 13.40 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 8.03 bp | 27.6 bp −$28 | 187.8 bp −$1,878 | 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 | 598.41 | +0.068% | $735K | $750K | 20x | as long as short |
| Bybit SMHUSDTshort | 0.0000% | 8h | 597.88 | −0.020% | $260K | $2.2M | 25x | |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 598.47 | +0.079% | $431K | $263K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 597.90 | −0.017% | $1.1M | $6.8M | 10x | as long as short |
| Gate SMH_USDTlong | 0.0000% | 8h | 598.00 | long leg | $182K | $22K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 598.29 | +0.048% | $582K | $120K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 597.67 | −0.055% | $695K | $117K | 20x | as long as short |
| BloFin SMH-USDT | +0.0028% | 8h | 598.67 | +0.112% | $40K | $28K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 597.91 | −0.015% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 599.23 | +0.206% | $7K | $45K | 10x | as long as short |
Binance SMHUSDT
OKX SMH-USDT-SWAP
QFEX SMH-USD
MEXC SMH_USDT
Bitget SMHUSDT
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 | +0.0184% | 1h | 598.28 | +0.047% | $3.3M | $2.1M | 20x | as long as short |
tradeXYZ xyz:SMH