Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: QFEX against Gate−0.052%7-day average +0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1031.029% of the position
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.052%, 7d avg +0.084%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.136% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMH_USDT | 599.90 | 0 | get 0.0000% / 8h | 7h 54m | $182K | $22K | 20x |
| Short | QFEX SMH-USD | 599.59 | 0 | get 0.0000% / 1h | 54m 25s | $1.1M | $6.9M | 10x |
Gate SMH_USDT
QFEX SMH-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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: −0.052% → +0.084%
- −$13.61
- Slippage, 4 orders
- −$77.87
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$116.49
- Costs to cover
- 1.029%
- Break-even
- never at this rate
Slippage from Gate: live order book, 12 min ago; QFEX: live order book, 9 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, 12 min ago | 11.69 bp | 60.5 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 9 min ago | 2.09 bp | 10.2 bp −$10 | 16.9 bp −$169 | 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 | 601.05 | +0.192% | $738K | $741K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 599.99 | +0.015% | $260K | $2.2M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 600.72 | +0.137% | $432K | $263K | 20x | as long as short |
| QFEX SMH-USDshort | 0.0000% | 1h | 599.59 | −0.052% | $1.1M | $6.9M | 10x | |
| Gate SMH_USDTlong | 0.0000% | 8h | 599.90 | long leg | $182K | $22K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 599.99 | +0.015% | $584K | $119K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 600.40 | +0.083% | $694K | $117K | 20x | as long as short |
| BloFin SMH-USDT | +0.0010% | 8h | 600.89 | +0.165% | $40K | $28K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 599.63 | −0.045% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 600.53 | +0.105% | $7K | $45K | 10x | as long as short |
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
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 | +0.0547% | 1h | 600.54 | +0.107% | $3.3M | $2.1M | 20x | as long as short |
tradeXYZ xyz:SMH