Settings8H · net · $10k
Funding arb · Price arb /

SMH

RWAall SMH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0084%/8h= −9.2% APRnext payment $0.84 per $10,000 · paid last 24h −0.023%
Price spread now: BloFin against HTX−0.038%479s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.038% cheaper against HTX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 479 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SMH-USDT601.950.0100pay 0.0100% / 8h6h 40m$7K$46K10x
ShortBloFin SMH-USDT601.720.0016get 0.0016% / 8h6h 40m$48K$30K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against HTX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$17.67
Price spread: −0.038% → 0.000%
−$3.82
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$45.49
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell BloFin no order-book sample
HTX and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance SMHUSDT0.0000%8h601.16−0.132%$744K$752K20xas long as short
Bybit SMHUSDT0.0000%8h600.60−0.224%$265K$2.4M25xas long as short
OKX SMH-USDT-SWAP0.0000%8h600.93−0.169%$506K$347K20xas long as short
QFEX SMH-USD0.0000%1h599.80−0.357%$1.1M$6.7M10xas long as short
Gate SMH_USDT0.0000%8h600.60−0.224%$182K$21K20xas long as short
MEXC SMH_USDT0.0000%8h600.78−0.194%$569K$129K20xas long as short
Bitget SMHUSDT0.0000%8h600.71−0.206%$695K$119K20xas long as short
BloFin SMH-USDTshort+0.0016%8h601.72−0.038%$48K$30K20x
Vest SMH-USD-PERP+0.0046%1h599.86−0.347%25xas long as short
HTX SMH-USDTlong+0.0100%8h601.95long leg$7K$46K10x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:SMH+0.0483%1h600.76−0.198%$3.3M$1.9M20xas long as short