Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Gate against HTX−0.235%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.235% cheaper against HTX than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SMH-USDT | 596.50 | 0.0100 | pay 0.0100% / 8h | 5h 29m | $7K | $47K | 10x |
| Short | Gate SMH_USDT | 595.10 | 0 | get 0.0000% / 8h | 5h 29m | $186K | $20K | 20x |
HTX SMH-USDT
Gate SMH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against HTX. 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
- −$21
- Price spread: −0.235% → 0.000%
- −$23.47
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$71.47
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: HTX: no order-book sample; Gate: live order book, 10 min ago. Net counts fees only.
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 HTX no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 10 min ago | 11.77 bp | 79.7 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
HTX: 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 exchanges
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 | −0.0013% | 8h | 595.43 | −0.179% | $48K | $32K | 20x | as long as short |
| QFEX SMH-USD | −0.0003% | 1h | 594.73 | −0.297% | $1.2M | $5.8M | 10x | as long as short |
| Binance SMHUSDT | 0.0000% | 8h | 595.40 | −0.185% | $705K | $1.1M | 20x | as long as short |
| Bybit SMHUSDT | 0.0000% | 8h | 595.04 | −0.245% | $298K | $389K | 25x | as long as short |
| OKX SMH-USDT-SWAP | 0.0000% | 8h | 595.34 | −0.194% | $505K | $319K | 20x | as long as short |
| Gate SMH_USDTshort | 0.0000% | 8h | 595.10 | −0.235% | $186K | $20K | 20x | |
| MEXC SMH_USDT | 0.0000% | 8h | 595.35 | −0.193% | $564K | $112K | 20x | as long as short |
| Bitget SMHUSDT | 0.0000% | 8h | 595.19 | −0.220% | $688K | $44K | 20x | as long as short |
| Vest SMH-USD-PERP | +0.0046% | 1h | 594.69 | −0.303% | — | — | 25x | as long as short |
| HTX SMH-USDTlong | +0.0100% | 8h | 596.50 | long leg | $7K | $47K | 10x |
BloFin SMH-USDT
QFEX SMH-USD
Binance SMHUSDT
Bybit SMHUSDT
OKX SMH-USDT-SWAP
MEXC SMH_USDT
Bitget SMHUSDT
Vest SMH-USD-PERPShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SMH | +0.0286% | 1h | 595.15 | −0.226% | $3.1M | $1.8M | 20x | as long as short |
tradeXYZ xyz:SMH