Funding you earn now, next payment 05:00 UTC+0.0401%/8h= +43.9% APRpaid last 24h +0.105%
Price spread now: tradeXYZ against Gate+0.020%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$221as in the Price arb table
costs, in and out, $10k−$2232.231% of the position
Funding, last 7 days+0.485%+$49 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.020%, 7d avg 0.000%
=Together, before fees+0.459%+ Points / potential airdroptradeXYZ: Active · farm board+$46 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SMH_USDT | 595.30 | 0 | get 0.0000% / 8h | 3h 14m | $188K | $27K | 20x |
| Short | tradeXYZ xyz:SMH | 595.42 | 0.0401 | get 0.0050% / 1h | 14m 57s | $3.3M | $2.0M | 20x |
Gate SMH_USDT
tradeXYZ xyz:SMHFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $84.13
- Price spread: +0.020% → 0.000%
- $1.97
- Slippage, 4 orders
- −$190.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$136.98
- Costs to cover
- 2.231%
- Break-even
- 18.4 days
Slippage from Gate: live order book, 31 min ago; tradeXYZ: live order book, 2 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, 31 min ago | 7.53 bp | 55.3 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 2.60 bp | 12.4 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SMH-USDT | −0.0029% | 8h | 595.56 | +0.044% | $48K | $29K | 20x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 595.91 | +0.102% | $750K | $774K | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 595.64 | +0.057% | $303K | $2.2M | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 595.84 | +0.091% | $505K | $349K | 20x | as long as short |
| QFEX SMH-USD | 0.0000% | 1h | 594.58 | −0.121% | $1.1M | $6.4M | 10x | as long as short |
| Gate SMH_USDTlong | 0.0000% | 8h | 595.30 | long leg | $188K | $27K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 595.93 | +0.106% | $564K | $130K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 596.61 | +0.220% | $688K | $109K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.94 | −0.060% | — | — | 25x | as long as short |
| HTX SMH-USDT | +0.0100% | 8h | 597.90 | +0.437% | $6K | $46K | 10x | as long as short |
BloFin SMH-USDT
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:SMHshort | +0.0401% | 1h | 595.42 | +0.020% | $3.3M | $2.0M | 20x |