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: OKX against Gate+0.143%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.143%, 7d avg +0.028%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.115% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMH_USDT | 600.30 | 0 | get 0.0000% / 8h | 4h 17m | $191K | $24K | 20x |
| Short | OKX SMH-USDT-SWAP | 601.16 | 0 | get 0.0000% / 8h | 4h 17m | $507K | $349K | 20x |
Gate SMH_USDT
OKX SMH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.143% → +0.028%
- $11.48
- Slippage, 4 orders
- −$78.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$91.73
- Costs to cover
- 1.032%
- Break-even
- never at this rate
Slippage from Gate: live order book, 33 min ago; OKX: live order book, 38 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, 33 min ago | 10.83 bp | 24.0 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 38 min ago | 2.58 bp | 17.9 bp −$18 | 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 | 601.00 | +0.117% | $724K | $742K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 600.58 | +0.047% | $266K | $2.4M | 25x | as long as short |
| OKX SMH-USDT-SWAPshort | 0.0000% | 8h | 601.16 | +0.143% | $507K | $349K | 20x | |
| QFEX SMH-USD | 0.0000% | 1h | 599.79 | −0.085% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDTlong | 0.0000% | 8h | 600.30 | long leg | $191K | $24K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 600.81 | +0.085% | $569K | $129K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.32 | +0.003% | $691K | $109K | 20x | as long as short |
| BloFin SMH-USDT | +0.0011% | 8h | 600.92 | +0.103% | $48K | $29K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.89 | −0.068% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 601.47 | +0.195% | $7K | $46K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
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 | +0.0539% | 1h | 600.66 | +0.060% | $3.3M | $1.9M | 20x | as long as short |
tradeXYZ xyz:SMH